CITY OF INDUSTRY, California, June 26, 2017 /PRNewswire/ --
Sugarmade, Inc. (OTCQB:SGMD), today announces its BudLife Intelligent Cannabis Container System brand identity. Sugarmade's business strategy is to launch BudLife within the single most important worldwide cannabis market, the U.S. states of California, Washington and Oregon. Sugarmade and its partner, Plantation Corp., have launched a new website, http://www.BudLife.net , which provides information about the market and the BudLifeproduct line and its technology.
BudLife products, based on patented technology will be launched, as a new, breakthrough category in intelligent packaging to deliver all the benefits of preservation and stability to cannabis without the need for refrigeration. The goal is to establish a unique paradigm in preservation efficiency and longevity that sets a new gold standard for the intelligent packaging industry. Sugarmade and its partner company, Plantation Corp. plan to achieve this goal by manufacturing and marketing the first intelligent container system that maintains the medicinal integrity of this plant for up to six months.
Jimmy Chan, CEO of Sugarmade commented, "We believe BudLife products, which we plan to launch later this year, will represent a revolution in the storage of cannabis. By enabling storage of cannabis for up to six months, and perhaps longer, we believe the market pricing dynamic of cannabis will forever be changed. Storage will enable cultivators, processors and dispensaries, to better control the flow of product, and thus the pricing, through the entire supply chain. Consumers will also be better served as BudLife will have important features to preserve terpenes and THC, while also potentially significantly reducing pathogen growth. As the State of California begins to release draft requirements, we believe the BudLife product will be the right product at the right time."
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit http://www.Sugarmade.com.
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 Jimmy Chan at +1(888)982-1628 or info@Sugarmade.com.
SOURCE Sugarmade, Inc.