OGI - Sun Kissed Industries Inc.'s Investment In Hakuna Subsidiary's Clean Room Increasing CBD Product Output Seen Reducing Costs
When Sun Kissed Industries, Inc. (OTC: SKDI) announced this week that it is investing and installing new equipment into its Hakuna subsidiary’s expanded Clean Room, it netted immediate results. Not only did its increase its CBD product output by 300%-500% in that acquired company, but its online sales have increased 30% since the COVID-19 lockdowns and the Clean Room cost of goods sold are expected to drop some 30% on a per unit basis, it said. New equipment includes: Nespresso Capsule, Bagged Coffee filling machine, newly installed industrial mixer and a new product in single serve instant coffee pouches.
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Sun Kissed Industries, Inc.’s (OTC: SKDI) Investment In Hakuna Subsidiary’s Clean Room Increasing CBD Product Output, Seen Reducing Costs
Sun Kissed Industries, Inc.’s (OTC: SKDI) acquisition of 100% of the stock of Products Group Inc. DBA/Hakuna Supply, a well established retail CBD company, has paid immediate results growth. By making Clean Room investments in new equipment, SKDI has seen quick returns in its Hakuna’s Clean Room operation. Nespresso Capsule production has jumped 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. Single serve instant coffee pouches is a new product line. And it has a newly installed industrial mixer
Results are that Hakuna’s online sales have jumped 30% since the COVID-19 lockdown and the company has seen 300-500% output increases since the Clean Room expansion investment. Sun Kissed Industries, Inc. (OTC: SKDI) sees a quick return on its expansion and investment in the Clean Room expansion of Hakuna.
Results in the performance of the subsidiary of Sun Kissed Industries, Inc. (OTC: SKDI), Hakuna Supply, is that the company is 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) Investment In Hakuna Subsidiary’s Clean Room Increasing CBD Product Output, Seen Reducing Costs.
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.” Lower cost of goods sold by 30% on a per unit basis and a shortened time frame for filling orders, plus the increased demand, adds up to a more efficient operation and increased sales.
Sun Kissed Industries, Inc.’s (OTC: SKDI) Hakuna Expanded Clean Room Went Into Operation In Early April
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) Investment In Hakuna Subsidiary’s Clean Room Increasing CBD Product Output, Seen Reducing Costs.
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. (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.