Cannabis Industry Growth Continues as Diversity Leads to Alternative Revenue Streams

PALM BEACH, Florida, February 15, 2017 /PRNewswire/ --

Various cannabis and legal marijuana operators rather than competing for indentifying the latest industry services and products, a few companies are exploring all revenue generating opportunities through more diversified product and services portfolios. However the marijuana industry as a whole had another great week recently, with the Viridian Cannabis Stock Index up for the eighth consecutive week. For the seven days ended February 3, the index gained 1.8 percent. Companies with market performances of note or new developments include: Sugarmade, Inc. (OTC: SGMD), Rocky Mountain High Brands, Inc. (OTC: RMHB), Marijuana Company of America, Inc. (OTC: MCOA), Hemp Inc. (OTC: HEMP), Agritek Holdings, Inc. (OTC: AGTK).

Sugarmade, Inc. (OTCQB:SGMD) today announces it is in the final stages of preparation for its product launch of Sriracha Seasoning Stix, under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a 'stick' which are inserted into meat, fish and poultry prior to cooking. Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors. Read this and more news for SugarMade, including recent Cannabis related developments at: http://marketnewsupdates.com/news/sgmd.html

"We could not be more excited about our upcoming Sriracha Seasoning Stix launch," commented Jimmy Chan, CEO of Sugarmade. "Thus far, interest is off the charts with our websitesalready receiving more than 60,000 signups for free shipping and our offer for free samples exceeding capacity on the first day. We think the culinary world is in for a seriously delicious treat with Sriracha Seasonings Stix."

Last week, Sugarmade having secured access to important patents for the active packaging of cannabis announced its product development strategy. The technology the Company intends to introduce will not only help to better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling but will also significantly improve the safety of cannabis via the emission of food safe oxidizers to mitigate mold, bacteria and other pathogens, including powdery mildew.

In other Cannabis market performances of note from trading yesterday: 

Rocky Mountain High Brands, Inc. (OTCQB: RMHB) closed up on Tuesday trading over 3 Million shares by the market close. Rocky Mountain High Brands develops, manufactures, markets, and distributes hemp-infused food and beverage products. The company offers hemp-infused beverages, including energy drinks, black tea, and lemonade; hemp-infused edibles, such as energy bars; and hemp-infused energy shots and coffee shots.

Marijuana Company of America, Inc. (OTC: MCOA) closed up over 5% on Tuesday trading over 10.1 Million shares by the market close. Marijuana Company of America recently announced that it has retained the services of 420 Pros to provide branding and marketing services for MCOA, targeting the investment community, hempSMART (non-THC cannabinoid consumer market) and Club Harmoneous (THC consumer market).

Hemp Inc. (OTC: HEMP) closed down very slightly on Tuesday trading over 18.4 Million shares by the market close. Hemp produces products made from industrial hemp. The company also offers products and services to the medical and recreational marijuana industries. It also develops and operates a website providing entertainment and news related to medical marijuana industry.

Agritek Holdings, Inc. (OTC: AGTK) closed up just under 5% on Tuesday trading over 4.2 Million shares by the market close. Agritek reported last week that the Company has completed the purchase and closing of the eighty (80) acre approved cannabis farm for the medicinal and recreational sector located in Pueblo, Colorado. The eighty (80) acre parcel including water and mineral rights now owned directly by Agritek Holdings as a major land asset for cultivation of cannabis is planned to be sectioned by acres and leased to licensed cultivators, manufacturers and one lab partner with expectations for production by the second quarter of 2017.

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