Sun Kissed Industries, Inc.’s Hakuna subsidiary’s Ilan Freeman, CEO, Sees Growth And Niche Acquisitions In Future
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary’s Ilan Freeman, CEO, 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,” he told interviewer Jane King on the Stock Market Podcast released May 4, 2020.
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’s Ilan Freeman, CEO, Sees Growth And Niche Acquisitions In Future
Ilan Freeman, CEO of 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. The link to the podcast interview on May 4th is at Stock Market Podcast. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary’s Ilan Freeman, CEO, Sees Growth And Niche Acquisitions In Future.
Hakuna Looking To Acquire CBD Brands, Helping Them Grow To Next Level”
Freeman of Hakuna said that the partnership with Sun Kissed Industries, Inc.’s (OTC: SKDI) has enabled Hakuna to expand its production facilities, while becoming more efficient and also seeking other CBD brands in the future. “We are looking at CBD brands that have their own unique loyal demographics and niches.” These include, he said, companies with product in niches “we’re not hitting such as high protein. We want to help them grow to the next level.”
Hakuna’s Cafe Strategy Based On West Coast
Freeman discussed how his 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 observes its U.S. grown hemp sourced from California and Oregon. Processing is performed in Huntington Beach and Colorado, he said. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary’s Ilan Freeman, CEO, Sees Growth And Niche Acquisitions In Future
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 said earlier that its online sales has jumped some 30% since the COVID-19 lockdowns began.
It 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. Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna subsidiary’s Ilan Freeman, CEO, Sees Growth And Niche Acquisitions In Future.
Carl Grant, CEO of Sun Kissed Industries, Inc. (OTC: SKDI) Said He Is Committed To Hakuna’s Rapid Growth
Carl Grant, CEO of Sun Kissed Industries, Inc. (OTC: SKDI), 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. This podcast is the first of many as our corporate expansion plans move forward full steam.” Grant said that Robert Reynolds, CEO of Numani — which Sun Kissed recently signed a LOI to acquire — has confirmed an interview with Stock Market Podcast. The details of that interview will be forthcoming, Grant said.
Global Cannabis Beverages Market Estimated To Reach Near $3 Billion By 2025
Hakuna participates in a global cannabis beverages market estimated to reach $3 billion by 2025, according to Grand View Research. The largest and fastest-growing segment of this market is seen as non-alcoholic drinks.
Sun Kissed Industries, Inc. (OTC: SKDI) Sees Volume Growth In The Future
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.
Within two months after closing on its acquisition of Products Group Inc. DBA/Hakuna Supply, a well established retail CBD company, Sun Kissed Industries, Inc. (OTC: SKDI) signed an LOI to buy Numuni Inc., a monetization platform developed for digital media publishers, software providers and online games.
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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