Sun Kissed Industries, Inc.’s Hakuna Subsidiary Boosts CBD Product Output By 300%-500% With Clean Room Expansion
Sun Kissed Industries, Inc. (OTC: SKDI) announced today (April 20, 2020) that its Hakuna Subsidiary has boosted its CBD product output by 300%-500% with more expansion capabilities and new equipment installed in its Clean Room. The wholly owned Products Group Inc. DBA/Hakuna Supply, a well established retail CBD company, has grown its Nespresso Capsule production five-fold from 2,000 to 10,000 a day. It has grown its Bagged Coffee filling production by 500% daily driven by a new Bagged Coffee filling machine. Hakuna’s online sales during the COVID-19 lockdowns have grown 30% while Clean Room cost of goods sold are expected to drop some 30% on a per unit basis.
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), CBD Unlimited, Inc. (OTC PINK: EDXC), 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 Subsidiary Boosts CBD Product Output By 300%-500% With Clean Room Expansion
The newly expanded Clean Room of Hakuna went into full operation in early April with a new capacity to produce single serve instant coffee pouches. The expanded Clean Room facility has new equipment, increased marketing investments and more output capacity. It is equipped with a new industrial mixer, a Nespresso Capsule filling machine and a Bagged Coffee filling machine. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Boosts Output By 300%-500% With Clean Room Expansion.
All of that results in the subsidiary of Sun Kissed Industries, Inc. (OTC: SKDI), Hakuna Supply, now projecting increased revenue across all online product lines on a month-by-month and year-over-year basis. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Boosts CBD Product Output By 300%-500% With Clean Room Expansion.
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Sees Online Monthly, Yearly Gains
Ilan Freeman, Hakuna CEO, said, “The results of our hardworking team have resulted in significantly increased output across all our product lines and decreased order-to-shipment time frames. In addition, we have seen demand increase over the past couple of months ahead of our expanded marketing efforts.” Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Boosts CBD Product Output By 300%-500% With Clean Room Expansion.
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Selling In A CBD-Infused Drinks Market, Forecast To Reach $1.4 billion By 2023, according to Zenith Global
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary has a significant distribution footprint including more than 110 established retail distribution partners across greater than 20 states. Based in California, Hakuna participates in a CBD-infused drinks market forecast to reach $1.4 billion by 2023, according to research firm Zenith Global. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Boosts CBD Product Output By 300%-500% With Clean Room Expansion.
Hakuna Supply’s expanded Clean Room has gone into operation this month. The company’s online sales have jumped by 30% during the COVID-19 lockdowns, the company said. Its cost of goods are expected to drop some 30% for the company on a per unit basis following the installation of its new equipment and expansion.
Sun Kissed Industries, Inc. (OTC: SKDI) Closes On Hakuna Acquisition In February 2020
Sun Kissed Industries, Inc. (OTC: SKDI) acquired the issued and outstanding shares of Hakuna in a definitive stock purchase agreement in February 2020. It sells products including premium CBD coffee, CBD tea, CBD Drink Drops, CBD Gummies and CBD Flower product markets. The firm is currently nominated for “Best Hemp-Derived CBD Product” by the California Cannabis Awards and won the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017. It just won ‘Runner Up” at the Los Angeles Coffee & Donut Festival People’s Choice Coffee Awards for 2019.
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
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