Sun Kissed CEO Issues
Shareholder Letter on
CBD-Based Acquisition
Strategy
NEW YORK, NY -- November
4, 2019 -- InvestorsHub NewsWire -- Sun Kissed Industries
Inc. (OTCMKTS:
SKDI)
("Sun
Kissed",
"SKDI", or the "Company"),
an emerging player
in the CBD marketplace, issues the following Letter
to Shareholders from the Company's CEO:
Dear Valued
Shareholder,
We have been quiet in recent
months, but a lot of action has been going on under the surface.
Significant announcements are forthcoming as we aggressively pursue
an immediate acquisition that will position
the Company as an emerging leader in the CBD products
marketplace. We are already in advanced
stages of negotiation with a very promising high-growth
target.
Our analysis suggests the
CBD space
continues to be ripe for massive overall growth that represents a
multi-year boom, very little of which has actually taken place to
date. The driver behind this boom is the process of mainstream
adoption among North American consumers
of CBD-infused products as
supplemental ingredients in a healthy and vibrant
lifestyle.
This process of adoption is
only in its infancy, and the market for such products has yet to
differentiate fully into the myriad component puzzle pieces we
anticipate coming into existence with the growth boom. Right now,
recent research from the Brightfield Group shows 2019 to be the
breakout year where CBD announces itself onto the grand stage for
investors, with the full market for CBD products set to grow by
over 900% this year, which appears to be an astonishing rate of
expansion on its face.
But, if you look a little
closer at the data, it makes perfect sense as part of the shift in
which a very small niche market is rapidly becoming a huge and
commonplace part of the American consumer menu.
According to our own analysis,
most of this 2019 growth is stacking toward the back half of the
year following steps taken by big-brand mainstream retailers, like
Kroger's, Walgreens, Walmart, Rite-Aid, and others, to start
placing CBD-based products on their physical store shelves. That
has taken the CBD industry out of the shadows of backwater
ecommerce portals on the internet and put it squarely in front of
consumers as they go about their typical shopping day.
These are huge brands that
dominate the chain-store shopping experience for most
Americans. We expect this to be just the
tip of the iceberg. As more big brands follow suit, the
accelerating growth curve will build to a fever picture over coming
quarters.
As such, we have put in place a
strong strategy for carving out a dominant presence in a highly
differentiated niche inside of the broader CBD marketplace. The
first step will be taken via a meaningful M&A move on the
immediate horizon. Keep an eye out for more details in the days
that follow.
Warm Regards,
Carl Grant, CEO, Sun Kissed
Industries
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.
FORWARD-LOOKING STATEMENTS:
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.
invest@sunkissedindustries.com