#CBD #Food and #Beverage #Stock News: Sun Kissed's
(OTCMKTS: $SKDI) Subsidiary, Hakuna, Increases Output 300%-500%
Completed expansion and installation of its new Clean
Room facility
Hakuna is an award-winning
CBD-products company, currently nominated for "Best Hemp-Derived CBD
Product" by the California Cannabis Awards
NEW YORK, April 21, 2020 – ( Investorideas.com newswire) – Breaking
cannabis/CBD stock news - Sun
Kissed Industries Inc. (OTCMKTS:SKDI)
(“Sun Kissed”, “SKDI”), an emerging leader in the CBD Food and Beverage
marketplace, is excited to announce that its recent acquisition, Products Group
Inc, DBA/ Hakuna Supply (“Hakuna” or
the “Company”), has completed expansion and installation of its new Clean Room
facility, which includes a newly installed industrial mixer, a Nespresso
Capsule filling machine, and a Bagged Coffee filling machine.
Read this news featuring SKDI in
full at https://www.investorideas.com/news/2020/food-beverage/04211CBD-OTCSKDI.asp
The U.S. CBD-infused drinks
market, one of the fastest-growing segments in the CBD industry, is forecast to
reach $1.4 billion by 2023, according to Zenith Global.
The new Clean Room facility has
sharply increased the Company’s revenues and productive output:
·
Nespresso Capsule production increased from 2,000/day to
10,000/day
·
Bagged Coffee filling machine driving 500% increase in per
day bagged coffee production
·
New capability to produce single serve instant coffee pouches
·
Cost of goods sold expected to drop approximately 30% on a
per unit basis
“The results of our hard-working
team have resulted in significantly increased output across all our product
lines and decreased order-to-shipment time frames,” commented Hakuna CEO, Ilan
Freeman. “In addition, we have seen demand increase over the past couple of
months ahead of our expanded marketing efforts.”
The newly expanded and enhanced
Clean Room went into full use at the beginning of April. Hakuna online sales
have increased 30% since the COVID-19 ‘lock-downs’. The expanded facilities and
new equipment, along with increased marketing investments, have Hakuna
projecting increased revenues across all online product lines on a
month-over-month and year-over-year basis.
Hakuna, a wholly owned subsidiary,
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.
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 technology 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.
About Supply
Group, Inc. /DBA Hakuna
Hakuna is a well-established
retail CBD Company, based out of California. It sells a range of leading
consumer products spanning the premium CBD coffee, CBD tea, CBD Drink Drops,
CBD Gummies, and CBD Flower product markets. Hakuna is 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.
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.
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