CannabisNewsWire 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 a strong position in a customer-facing part of the sector. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has set up a new hemp-growing facility in New York state, using hydroponics to help it meet growing demand. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has received a large boost in investment thanks to interest in the surrounding sector, providing fuel for future growth. Aphria (NYSE: APHA) (TSX: APHA) is looking beyond…
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