Sun Kissed Industries, Inc.’s Hakuna Subsidiary Sees Sales Of Its CBD Biometric Sen-sor Storage Devices Causing Backlog Of Thousands Of Units
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary today (May 6, 2020) announces that its retail store clientele have placed increased orders for the company’s CBD Biometric Sensor Storage Devices that have resulted in a supply sellout and thousands of ordered units being placed on back-order. As the nation begins to re-open from lockdowns, Hakuna has seen strong sales demand for the Storage Devices along with multiple sales across all product lines. 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.”
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 Subsidiary Sees Sales Of Its CBD Biometric Sensor Storage Devices Causing Backlog Of Thousands Of Units
Hakuna earlier said that its online sales of CBD products have increased some 30% since the COVID-19 lockdowns began. As a result, its April online sales ‘far surpassed’ expectations from the company and parent Sun Kissed Industries, Inc. (OTC: SKDI) . Ilan Freeman, CEO of Hakuna, also attributed the higher sales to its newly expanded Clean Room which helped Hakuna fulfill the increased online and brick-and-mortar store orders. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Sees Sales Of Its CBD Biometric Sensor Storage Devices Causing Backlog Of Thousands Of Units.
Hakuna Sees Backlogged Demand For Its New CBD Biometric Sensor Storage Device
The company’s CBD Biometric Sensor Storage Device is designed to keep its products safe and secure behind a lock-controlled unit through a fingerprint-triggered biometric sensing mechanism. A back-up metal key offers extra assurance to the owner. The box can be charged by a USB-compatible, portable and removable wireless charger located at its base. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Sees Sales Of Its CBD Biometric Sensor Storage Devices Causing Backlog Of Thousands Of Units.
Management sees the new device sitting at the intersection of two major trends: the biometric sensing market and the CBD industry. According to research from Marketsand Markets, the Biometric Sensing Market will reach $7.1 billion by 2024, reflecting a CAGR of 15.3% from 2019. The CBD industry is also anticipated to show double-digit CAGR growth, studies show. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Subsidiary Sees Sales Of Its CBD Biometric Sensor Storage Devices Causing Backlog Of Thousands Of Units.
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.
Ilan Freeman Sees $750,000 In New Sales For Hakuna This Year
A new affiliate marketing program combined with the expanded Clean Room — generating a 300-500% increase 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.
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.”
Hakuna’s Expanded Clean Room Raises Output, Expected To Cut Cost Of Sales
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
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