Sun Kissed Acquisition, Hakuna Supply, Lays Foundation to Substantially Scale Up Output, Revenues
NEW YORK, NY — February 25, 2020 — InvestorsHub NewsWire — Sun Kissed Industries Inc. (OTC PINK: SKDI) (“Sun Kissed“, “SKDI“, or the “Company”), an emerging leader in the CBD Food and Beverage marketplace, is excited to announce that the Company’s recent acquisition, Products Group Inc, DBA/ Hakuna Supply (“Hakuna”), has initiated a series of measures to optimize operational efficiency, increase output, and drive a substantial increase in revenue growth over the next several quarters.
Hakuna has already begun the construction of a new Clean Room, which represents an important part of this initiative. The Clean Room is expected to be fully operational by March 13, 2020.
“Hakuna has a very strong stable of award-winning products and a large nationwide distribution footprint in a booming market niche,” noted Carl Grant, CEO of Sun Kissed. “But one of the reasons we acquired the company is their optimally positioned stage of growth. This is truly a top emerging brand in the high-end CBD-based products space. The capability to increase Hakuna’s output translates into sales growth and a wider awareness of the Hakuna brand. At this point, the story is about scaling up and widening margins on variable cost inputs.”
New measures being taken by Hakuna will include a fully operational clean room, new equipment (industrial mixer, industrial hopper, and capsule packaging machine for coffee goods etc.), and several additional steps to streamline the operational sequence from order to shipment of product.
Hakuna management believes these steps will reduce the time lag between placement of a new order and shipment of that order by over 50% to just 48 hours and increase overall output by over 50%. The net effect of these adjustments are expected to drive a significant increase in revenue over the next two quarters alone.
Hakuna is an award-winning CBD-products company, currently nominated for “Best Hemp-Derived CBD Product” by the California Cannabis Awards after winning the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017. Hakuna was also just awarded “Runner Up” at the Los Angeles Coffee & Donut Festival People’s Choice Coffee Awards for 2019. Hakuna generates significant revenues with a substantial distribution footprint, including over 110 established retail distribution partners across over 20 states in the domestic US market.
Grant concluded, “We have a great deal of faith in Ilan Freeman and his team to successfully pluck the low-hanging fruit from the vine. Hakuna is ready to scale up as a leadership brand in the CBD products space.”
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.
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.
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