CITY OF INDUSTRY, California, October 10, 2017 /PRNewswire/ --
Sugarmade, Inc. (OTCQB: SGMD)and Plantation Corp., today unveil the prototype design for BudLife, a unique patent protected device for the long-term storage of cannabis. The companies expect to begin taking orders for BudLife during the fourth quarter in order to prepare for the
"We think BudLife is a game changer for the cannabis industry. The industry has been lacking an effective storage device that will preserve THC levels, prohibit terpene degradation and safeguard the other important properties of cannabis. As the exclusive distributor for BudLife for the single largest cannabis market in the world - California, Oregon, and Washington - we are particularly proud of this product and look forward to helping the industry preserve its flowers during 2018 and beyond," commented Jimmy Chan, CEO of Sugarmade.
The quality of cannabis has risen dramatically over the past few years and it's clear that premium product keeps consumers happy and allows growers and distributors to command premium prices. But, the quality of cannabis degrades quickly, which places the significant investments made in high quality product production and distribution at risk. BudLife products are designed to significantly reduce this risk and to allow growers and distributors to store and control the release of their higher quality products at optimal times in order to maximize profits, thus helping users of BudLife to shape the cannabis supply and demand curve. It's also perfect for the end consumer who just wants to preserve cannabis flowers for later consumption.
Mr. Chan continued, "We continue to expand our product lines. Last week we rolled out our Holiday sales initiative for our Sriracha Stix product line and we signed an LOI to begin marketing the entire Seasoning Stix line. Thus far, Sriracha Stix sales are easily exceeding our expectations and as a result, we are scrambling to build inventory to keep up with the growing demand. The addition to the patented BudLife product line in time for the start of recreational cannabis sales in California will be a welcome addition to our growing product portfolio."
Additional information on BudLife can be viewed the new website https://www.budlife.net/ and http://www.sugarmade.com .
About Sugarmade, Inc. (OTCQB: SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include BudLife, CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product. For more information on the Company's products, please visit http://www.Sugarmade.com.
About Plantation Corp.
Plantation Corp., a Wyoming Company, is a technology-driven organization with the goal to establish a unique paradigm in preservation efficiency and longevity that sets a new gold standard for the intelligent packaging industry. While still a privately-held corporation, Plantation is currently accepting investments only from accredited investors. Additional information can be seen at the new website at http://www.BudLife.net.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
For inquiries please contact Sugarmade: (888)982-1628 [email protected]
SOURCE Sugarmade, Inc.
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