Sun Kissed Sets
Acquisition Closing Date for Wednesday,
Feb. 5th, 2020
of Award-Winning Commercial Stage
CBD Company, Products Group,
Inc.
NEW YORK, NY -- February 4,
2020 -- InvestorsHub NewsWire -- Sun Kissed Industries
Inc. (OTC
PINK: SKDI) ("Sun Kissed", "SKDI", or the "Company"),
an emerging player
in the CBD marketplace, is thrilled to announce
that
it
has
set Wednesday,
February 5th to close its acquisition of
Products Group,
Inc. DBA
Hakuna Supply ("Hakuna" or "Hakuna
Supply"), a
premier revenue-generating
CBD-based products
company located in California with over 110 established retail
distribution partners across over 20 states in the domestic US
market.
"We have set the stage for
closing this acquisition now, by ensuring we are capitalized
with the right partner and have the right structure
in place
to make this a
success for the company, as well as our fantastic
shareholder base". "Hakuna is a
well-established
market leader in
CBD-based products with a broad and relevant
distribution
footprint already in
place. The
company is already a major player in the CBD space with considerable
reach."
The contract represents an agreement to
acquire
Products Group,
Inc. which will be purchased through a definitive
stock purchase agreement by Sun Kissed as of
end of day
Wednesday, February 5th, 2020.
Products Group CEO,
Ilan
Freeman, commented
that, "I have absolute faith in our operation and we have built a
solid
foundation to drive forward revenue and
now, with the resources of Sun Kissed behind us, we will be able to
expedite our business plan, and explode our brand across
the US and
internationally throughout 2020 and beyond. Be
assured, customers and investors
will be reading
significantly more about our products as we grow our sales and
marketing efforts in the coming weeks and
months."
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.
Research firm
MRFR
sees
the global CBD
market growing at better than
125%
annually
through 2026. Brightfield Group joins in
this view, adding that 2019 alone will show over 900% expansion
in total sales of CBD-based products across all related product
groups.
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