Sun Kissed Industries, Inc.’s Hakuna CBD Product Subsidiary Reports April Online Sales ‘Surpass’ Expectations
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna CBD products subsidiary today (May 6, 2020) announces it recorded April online sales that surpassed expectations. The results were driven by sales from home-bound CBD consumers and retail store clientele who have increased their orders ahead of the cross-country ‘re-opening.’ Hakuna had said its online sales since the lockdowns jumped some 30%. Ilan Freeman, CEO of Products Group Inc. DBA/Hakuna Supply (Hakuna brand), said the company’s sales for its fiscal Q1/Q2 have been ‘near exponential.” He also attributed the heightened sales to its newly expanded Clean Room which helped Hakuna fulfill the increased online and brick-and-mortar store orders.
The CBD market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of CBD related stocks such as Sun Kissed Industries, Inc. (OTC: SKDI), Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT). Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF) and OrganiGram Holdings Inc. (NASDAQ: OGI).
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna CBD Product Subsidiary Reports April Online Sales ‘Surpass’ Expectations
Ilan Freeman, Hakuna CEO, said contributing to April’s sales rise has been increased orders of its CBD Biometric Sensor Storage Device. The orders have caused a backlog of thousands of units, he said. That, plus the multiple orders across all product lines, have helped generate the volume which have ‘far surpassed’ the anticipated numbers. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna CBD Product Subsidiary Reports April Online Sales ‘Surpass’ Expectations.
Ilan Freeman, CEO, Sees $750,000 In New Sales For Hakuna This Year
A new affiliate marketing program combined with the expanded Clean Room — with 300-500% growth in output potential — has shown dramatic results. Ilan Freeman said, “The new clean room is facilitating the fulfillment of increased online and traditional brick-and-mortar store orders. During the past month we have put the finishing touches on our affiliate market program launching this month. Our new combined marketing could result in over $750,000 in new sales this year.” He added, “Plans for festivals, typically during the end of summer and early fall seasons, are further bolstering sales.”
Earlier, Freeman said, “Our near exponential growth during Q1/Q2 this year has attracted a lot of industry interest. In addition, we have seen demand increase over the past couple of months ahead of our expanded marketing efforts. With Sun Kissed’s expert team, 2020 and beyond will be a game changer.” Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary, said its online sales spiked some 30% online ever since the shelter-at-home orders were given. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna CBD Product Subsidiary Reports April Online Sales ‘Surpass’ Expectations.
In a recent interview with Stock Market Podcast and interviewer Jane King, Freeman said he sees growth for the company and niche CBD acquisitions in the future. He credited the transaction with Sun Kissed for the company’s production increases, newly installed equipment and ability to pursue for purchase other CBD companies in the future. “We can offer other companies increased efficiency and perhaps push them into reaching the next level.” Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna CBD Product Subsidiary Reports April Online Sales ‘Surpass’ Expectations.
Hakuna Participates In A Near $3 Billion Cannabis Beverages Market
Products Group Inc. DBA/Hakuna Supply, a subsidiary of Sun Kissed Industries, Inc. (OTC: SKDI), Hakuna participates in a cannabis beverages market estimated to reach near $3 billion by 2025 by firm Grand View Research. Sun Kissed Industries, Inc. (OTC: SKDI) acquired Products Group Inc. DBA/Hakuna Supply when it bought 100% of the issued and outstanding shares of Hakuna in a definitive stock purchase agreement. Hakuna sells products including premium CBD coffee, CBD tea, CBD Drink Drops, CBD Gummies and CBD Flower product markets.
Hakuna’s Cafe Strategy Based On West Coast
Freeman discussed how the holistic-focused Hakuna brand is available to consumers in a Cafe approach — the brand is available at festivals primarily on the West Coast, and will resume that activity in the future as the nation reopens. The company, he said, produces high quality CBD products and carefully monitors its U.S. grown hemp sourced from California and Oregon. Processing is performed in Huntington Beach and Colorado, he said.
Hakuna Sees Expanded Distribution To Grocery and Larger Independent Retailers
Currently, he added, Hakuna is available at some 150 brick-and-mortar stores nationally and online. In the near future, Freeman said, Hakuna hopes to expand its distribution to grocery stores and larger independent retailers.
Hapuna now has an expanded Clean Room with the installation of a new Nespresso Capsule filling machine which increased production 2,000 to 10,000 daily; a new Bagged Coffee filling machine, which drove a 500% increase in bagged coffee daily; a new industrial mixing machine; and single serve instant coffee pouches were introduced. Overall, Hakuna capacity has jumped 300-500% with the Clean Room expansion. The new efficiency is expected to reduce by 30% cost of sales per unit.
Carl Grant, CEO of Sun Kissed Industries, Inc. (OTC: SKDI) Said He Is Working Closely With Hakuna, Sees Bright Outlook For 2020
Carl Grant, CEO of Sun Kissed Industries, Inc. (OTC: SKDI), said, “Our team at Sun Kissed is working closely with Hakuna to increase inventory and the number of festivals attended this year. We couldn’t be happier with the results coming in for Q1 and Q2 as well as the outlook for the rest of 2020.” He earlier said, “Working with Ilan Freeman over the past few months has further enhanced our commitment to Hakuna’s rapid growth. Freeman and the team over at Hakuna continue to impress.”
Sun Kissed Industries, Inc. (OTC: SKDI) is an emerging leader in the CBD-based products market. It is pursuing technology acquisitions through an aggressive M&A strategy. It seeks to become a dominant player in a well-defined, high-growth niche within the CBD sector.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 firstname.lastname@example.org Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press