Sun Kissed Industries Buoyant as California State Assembly Bill 228 Looks to Pass CBD Foods Code
January 21 2020 - 9:00AM
InvestorsHub NewsWire
Sun Kissed Industries
Buoyant as California State Assembly
Bill 228 Looks to Pass CBD Foods Code
NEW YORK, NY -- January 21,
2020 -- InvestorsHub NewsWire -- Sun Kissed Industries Inc.
(OTC
PINK: SKDI)
("Sun Kissed", "SKDI", or the "Company"), an emerging player in the
CBD marketplace, is pleased to announce that the first
strategy meeting of 2020 in Los Angeles,
CA,
between the CEO
of Products Group and the CEO of Sun Kissed Industries
was a huge
success especially against the backdrop of California announcing
that Bill 228 would soon bring CBD foods into the mainstream with
a State-wide recognized Code.
Carl Grant and
Ilan
Freeman, CEO of
Products Group, both signed off a plan to build a
state-of-the-art
CBD
food
production facility at the Products Group
Headquarters just as the news of Assembly Bill 228 was coming out
from the
California State legislature.
Sun Kissed CEO, Mr. Carl
Grant, stated today that "we have built a strategy
around brands we can take to market supported by a world class
sales team here in LA, California. To be able to sign off the
plans for the company to build its own food production space just
as Bill 228 is coming into the conversation is such fantastic timing for
us. We were already preparing for exponential growth in
2020, but once California
normalize
the use of CBD in
foods we will be the prime player in this market, the fourth largest economy in
the world, the State of California."
The bill is expected to
provide the foundation for the development of a safe and regulated
CBD product market that will allow cultivators, processors, brands
and vendors to unlock market expected to reach $23 billion in the
US by 2023, according to the Brightfield Group.
Hakuna Supply received the
DOPE Magazine Best New Product award for Southern California in the
non-cannabis/non-tech category in 2017. Hakuna has established
high-end CBD-based products, including CBD Hemp Roast Coffees, CBD
Coffee Bundles, CBD Tea Bundles, CBD Drink Drops, CBD Gummies, CBD
Flower, a range of premium CBD Teas, and other premium
products.
About Sun
Kissed Industries, Inc.
Sun Kissed Industries Inc.
(OTC
PINK:
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.
invest@sunkissedindustries.com