Hydroponic Supplies Play Key Role in Hemp Market Growth
CBDWire Editorial Coverage: Surging hemp market growth has created huge demand for hydroponic supplies. Demand for CBD is driving a rise in hemp cultivation, much of which is done indoors using hydroponic equipment. This hydroponic approach allows greater quality control over the cultivation process and the hemp. Acquisitions and expansion are needed for hydroponic companies to keep up with demand. Hydroponic supplier Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) has been making swift moves to deal with this demand, acquiring other supply companies and outlets. Canadian company Tilray Inc. (NASDAQ: TLRY) has acquired the world’s largest hemp foods company, giving it…