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Sun Kissed Acquires Hakuna Supply, an Award-Winning Commercial Stage CBD Products Co
Monday 02 December 2019

2 December 2019 - UK-based CBD company Sun Kissed Industries Inc. (OTC: SKDI) has agreed to acquire California, US-based CBD-based products company Hakuna Supply/Products Group, Inc., distributing products to retail clients across 20 US states, the company said.

The Agreement represents the acceptance of terms by both parties through which 100% of the issued and outstanding shares of Hakuna will be purchased by Sun Kissed in a deal that is scheduled to close on, or before, December 12th, 2019. Terms of the transaction were not disclosed.

Sun Kissed said Hakuna has established a massive distribution network and a first-class branding position. It comes down to implementation on the marketing side. The sector tailwind will accelerate the company's growth.

Sun Kissed Industries Inc. (OTC: SKDI) is an emerging firm in the CBD-based products marketplace. The company is pursuing acquisitions as part of an aggressive M and A strategy.
Details
Date Published: 02/12/2019
Target: Hakuna Supply/Products Group, Inc
Country: USA
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Sun Kissed Industries Inc
Comment:
Terms of the deal were not disclosed

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