NEW YORK, November 21, 2019 — – Sun Kissed Industries Inc. (OTCMKTS: SKDI) (“Sun Kissed”, “SKDI”, or the “Company”), an emerging player in the CBD marketplace, and its presumptive subsidiary, Hakuna Supply/Products Group, Inc. (“Hakuna” or “Hakuna Supply”), an award-winning CBD-based products company, are excited to announce that the companies are in talks set to lead to the creation of a professional E-Sports team.
The move is designed to provide an alternative marketing vehicle toward the establishment of a leading CBD brand. The E-Sports industry is on pace to register a market value of approximately $1.5 billion in 2019, growing to over $2 billion in 2020.
“Gamifying the path to growth is a powerful strategy, and the dramatic growth of the E-Sports marketplace offers an enormous opportunity to achieve our core objectives through increased visibility and efficient investment,” stated Carl Grant, Sun Kissed CEO.
Management notes that, with the help of Twitch, some gamers and Pro-teams are able to generate 60,000 to 100,000 viewers during peak periods, which generates income through sponsorship and advertising. This introduces the potential for Sun Kissed and Hakuna to dramatically expand the scope and reach of their products while generating a significant diversification in value for shareholders. E-Sports is set to debut as an event at the 2022 Olympic Council Asian Games. The companies will sponsor the team, which will be called “Hakuna CBD”, raising awareness for products marketed under this brand designation.
The companies remain on track to sign a Definitive Agreement whereby 100% of the issued and outstanding shares of Hakuna will be purchased by Sun Kissed in a deal set to close in the very near future.
Mr. Grant continued, “E-Sports is a rapidly growing domain, and we see a huge opportunity on several levels. Most importantly, this signifies our outside-the-box approach to expanding the Hakuna brand and positioning this Company as a leader in the rapidly growing CBD market.”
About Sun Kissed Industries, Inc.
Sun Kissed Industries Inc. (OTCMKTS: SKDI) is an emerging leader in the CBD-based products marketplace. The Company is pursuing meaningful acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player in a well-defined, high-growth niche within the rapidly expanding CBD sector.
This press release may contain forward-looking statements, including information about management’s view of Sun Kissed Industries Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Sun Kissed, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Sun Kissed’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Sun Kissed cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Sun Kissed undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Sun Kissed.
SOURCE: Sun Kissed Industries Inc.
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