Sun
Kissed Completes Closing on Acquisition
of Award-Winning Commercial Stage
CBD Company, Products Group,
Inc.
NEW YORK, NY
-- February 5, 2020 -- InvestorsHub NewsWire
-- Sun
Kissed Industries Inc. (OTC
PINK: SKDI) ("Sun Kissed", "SKDI", or the "Company"),
an emerging player
in the CBD and ancillary
marketplace, is thrilled to announce
that is has closed
in 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 and Canada.
"I
said previously that this was a deal we have been
hunting for to thrust Sun Kissed onto the
global CBD products market stage in a major way and I stand by that today as we
close on the contract to acquire them," commented Carl Grant, Sun
Kissed CEO. "Hakuna is a well-established
market leader in
CBD-based products with a respected distribution
footprint.
The company is already a major player in the space
and our investment
in its operations will allow it to extend its reach far beyond its
current level. This is an exciting time."
The
contract
represents an agreement to
acquire
Products Group,
Inc. which has been purchased through a definitive
stock purchase agreement by Sun Kissed as of
Wednesday,
February
5th
2020.
Hakuna Supply
received the DOPE Magazine Best New Product award for Southern
California in the non-cannabis/non-tech category in 2017
and their signature
hemp roast coffee was nominated in the 2019 California Cannabis
Awards for best CBD product . 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