CITY OF INDUSTRY, California, August 24, 2017 /PRNewswire/ --
Sugarmade, Inc. (OTCQB: SGMD), today announces new details of its upcoming BudLife product line, the first patented, container system designed to maintain the integrity of cannabis during long-term storage. Sugarmade and its manufacturing partner, Plantation Corp., have been testing several prototype versions of BudLife over the past few months. The R&D effort and testing program has proven very successful resulting in the creation of a unique and near optimal atmospheric packaging environment for cannabis. This packaging environment helps to preserve THC and terpenes, and preserves other key attributes of cannabis.
Budlife is now in its 4th generation of prototyping with maintenance of the controlled vessel environments being held for several months. The Company plans to launch the first product from BudLife, a one-pint mason jar based unit designed to hold one ounce of cannabis.
"BudLife storage technology is super high tech, unique and strongly protected by multiple U.S. Patents," said Jimmy Chan, CEO of Sugarmade. "Cannabis quality has increased a lot over the years, but maintaining this high level is not an easy task. As quality slips during storage, so does value. This is why we have created BudLife. We look forward to being the exclusive distributor of BudLife products to consumers in arguably the single largest cannabis market in the world, the U.S. states of California, Oregon and Washington."
The White Paper, titled, "Cannabis Storage - The Active Packaging Market Opportunity and Technical Requirements" can be accesses at http://bit.ly/2sQnqw1. Additional information can be seen at the new website at http://www.BudLife.net.
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 CaliGrownSupplies.com, CarryOutSupplies.com, FreeHandÒ ThumbTrayÒ, 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: Jimmy Chan at +1-(888)-982-1628 or [email protected] .
SOURCE Sugarmade, Inc.