Jimmy Chan, Sugarmade CEO:

"Growers in Kentucky will require hundreds of millions of hemp plant clones"

Sugarmade plans to expand its supplies of hemp-cultivation products, specifically to farmers in Kentucky who are hard-pressed to meet booming demand. Jimmy Chan, CEO of SGMD, noted in a news release his belief that hundreds of millions of hemp clones will be needed in that state to keep pace.

According to Chan, the hemp industry will require plant clones for cultivation to meet future demand. He cited farmers in Kentucky facing the challenge of a hemp boom, stating, “With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000 farmers in Kentucky will need hundreds of millions of clones over the coming years.”

According to the company, hemp clones are ready to plant, with the same genetics and phenotypes as the mother plant. The clones need no extra inputs, such as growing first indoors or in a greenhouse setting. SGMD is committed to providing the necessary supplies for supporting the micropropagation process of creating hemp plant clones.

SGMD has expanded its footprint in hydroponic and cultivation products. The company’s new agreement with Hempistry Inc. reinforces its commitment to supplying growers in the hemp sector. Sugarmade is investing in Hempistry, a privately held corporation, which has begun planting an industrial hemp strain in Kentucky.

In a news release, Chan, now also a director at Hempistry, added, “We have already received our first shipment of micropropagation supplies, and we are in the process of making deliveries.”

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