Sugarmade Applies for OTCQB Eligibility

MONROVIA, California, August 24, 2018 /PRNewswire/ --

Sugarmade, Inc. (OTC-QB: SGMD), one of the largest publicly traded hydroponics supply companies, today announces its application for the OTCQB Venture Marketplace for the trading of Sugarmade common shares. The Company had previously announced, in error, its return to the OTCQB Venture Market. Management had thought the return to the OTCQB would be automatic once fully reporting status was restored, this assumption was incorrect and thus Sugarmade has reapplied.

Mr. Jimmy Chan, CEO of Sugarmade commented, "The OTCQB enables Sugarmade to build our visibility and expand liquidity for our shareholders without the rigid procedures and requirements that go along with an exchange listing. For these reasons, we have applied to the OTCQB and our application is under review. We believe we meet all the requirements and that the trading venue is optimal for Sugarmade."

About Sugarmade, Inc. (OTC:SGMD):
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include ZenHydro.com, CarryOutSupplies.com , and BudLife Cannabis Storage Solutions. For more information on the Company's products, please visit http://www.Sugarmade.com .

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.