Sun Kissed
and Hakuna
Supply Set to Enter $2B E-Sports Market as
Branding Vehicle
NEW YORK, NY -- November
21, 2019 -- InvestorsHub NewsWire -- Sun Kissed Industries
Inc. (OTCMKTS:
SKDI)
("Sun
Kissed",
"SKDI", or the "Company"),
an emerging player
in the CBD marketplace, and its presumptive
subsidiary, Hakuna Supply/Products Group,
Inc. ("Hakuna" or "Hakuna
Supply"), an award-winning CBD-based
products company, are excited to announce that
the companies are in talks set to lead to the
creation of a professional E-Sports
team.
The move is designed to provide
an alternative marketing
vehicle toward the establishment of a
leading CBD brand. The E-Sports industry is on pace to register a
market value of approximately $1.5 billion in 2019,
growing to over $2
billion in 2020.
"Gamifying the path to growth
is a powerful strategy, and the dramatic growth of the E-Sports
marketplace offers an enormous opportunity to achieve our core
objectives through increased visibility
and efficient investment," stated Carl Grant, Sun Kissed
CEO.
Management notes that,
with the
help of Twitch, some gamers and Pro-teams are able to generate
60,000 to 100,000
viewers during peak periods,
which generates income through
sponsorship and advertising. This introduces the potential
for Sun Kissed and Hakuna to dramatically expand the scope and
reach of their products while generating a significant
diversification in value for shareholders. E-Sports is set to debut
as an event at the 2022 Olympic Council Asian Games. The companies
will sponsor the team, which will be called "Hakuna CBD", raising awareness
for products marketed under this brand
designation.
The companies remain on track
to sign a Definitive Agreement whereby 100% of the issued and
outstanding shares of Hakuna will be purchased by Sun Kissed in a
deal set
to close in
the very near future.
Mr. Grant continued, "E-Sports
is a rapidly growing domain, and we see a huge opportunity on
several levels. Most importantly, this signifies our
outside-the-box approach to expanding the Hakuna brand and
positioning this Company as a leader in the rapidly growing CBD
market."
About
Sun Kissed Industries,
Inc.
Sun Kissed Industries Inc.
(OTCMKTS:
SKDI)
is an emerging leader in the CBD-based products marketplace. The
Company is pursuing meaningful acquisitions as part of an
aggressive M&A strategy designed to position Sun Kissed as a
dominant player in a well-defined, high-growth niche within the
rapidly expanding CBD sector.
FORWARD-LOOKING
STATEMENTS:
This press release may contain
forward-looking statements, including information about
management's view of Sun Kissed Industries Inc.'s future
expectations, plans and prospects. In particular, when used in the
preceding discussion, the words "believes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements.
Any statements made in this news release other than those of
historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of Sun Kissed, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on Sun Kissed's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. Sun Kissed cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Sun Kissed undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by Sun Kissed.
SOURCE: Sun Kissed Industries
Inc.
Contact:
Target marketing
agency
112 E 25th street
New York New York
10010
917-983-2268