NEW YORK, Nov. 25, 2019 (GLOBE NEWSWIRE) — through OTC PR WIRE — PRESS RELEASE — Sun Kissed Industries Inc., an emerging player in the CBD marketplace, has announced the signing of a Definitive Agreement to obtain Hakuna Provide/Merchandise Group, Inc., a premier income-creating CBD-primarily based merchandise firm situated in California with more than 110 established retail distribution partners across more than 20 states in the domestic U.S. industry.
“We couldn’t be far more excited to get this deal accomplished,” stated Carl Grant, Sun Kissed CEO. “After the LOI was signed, we faced a lot of doubters–a lot of people who didn’t recognize the nature of our commitment and vision, and the path this firm is on. This deal is now accomplished. Hakuna is component of the Sun Kissed loved ones. It is one particular of the most explosively profitable names in the CBD space–an award-winning brand name with a big industry footprint. And we strategy to expand that brand and position this firm as a actually dominant player in the space.”
The Agreement represents the acceptance of terms by each parties by means of which 100% of the issued and outstanding shares of Hakuna will be bought by Sun Kissed in a deal that is scheduled to close on, or prior to, Dec. 12, 2019.
The firm is extremely excited to move forward with Hakuna’s strong and properly-established package of top customer merchandise spanning the premium CBD coffee, CBD tea, CBD Drink Drops, CBD Gummies, and CBD Flower item markets. Hakuna is at the moment nominated for “Best Hemp-Derived CBD Product” by the California Cannabis Awards following winning the DOPE Magazine Greatest New Solution award for Southern California in the non- cannabis/non-tech category in 2017.
“This puts us in the driver’s seat as a big force in the CBD industry,” continued Grant. “Hakuna has established a huge distribution network and a 1st-class branding position. From right here, it genuinely comes down to implementation on the promoting side. The sector tailwind will be there–the development is only anticipated to accelerate. We currently have a differentiated industry identity by means of this acquisition. Now we just need to have to push, push, push. »