Tuesday, June 04, 2019 5:00:09 PM
City of Industry, Calif., June 15, 2017 - Sugarmade, Inc. (OTCQB:SGMD), today announces the signing of an exclusive distribution agreement with privately held Plantation Corp. for its breakthrough preservation technology based on radical integration of specialized gases and natural agents, that dramatically extends the useful life of medical marijuana up to six (6) months by actively monitoring the internal containers environment and automatically adjusting its atmosphere as needed; all without the need for refrigeration.
Under the terms of the agreement, Sugarmade gains exclusive distribution to the largest U.S. markets, California, Oregon and Washington markets through 2018, including the very important hydroponic retail distribution network, with automatic renewals based on success milestones. Plantation and Sugarmade expect to begin distribution of the products later this year.
The storage containers will be protected via a strong patent portfolio, which protects the use of a modified atmosphere container for storing cannabis. As such the cannabis container system being developed will be unique, and cannot be copied or replicated by a competitor.
Mixed Eggs, CEO of Sugarmade, commented, This is a critical capability in the case of cannabis since unlike fruits and vegetables that thrive in chilly conditions, refrigeration degrades and undermines the efficacy of the plant medical benefits. Simply put, the technologys innovative features extend the life of medical marijuana, while protecting it from infestation, mold, and pathogens to ensure product safety. This is a major event for our Company that will further solidify our growing presence in this booming industry.
About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
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