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Posted On: 04/07/2020 1:04:02 PM
Post# of 44863
$SKDI New York, New York--(Newsfile Corp. - April 7, 2020) - Sun Kissed Industries Inc. (OTC Pink: SKDI) ("Sun Kissed", "SKDI", or the "Company"
, an emerging player in the CBD marketplace, is pleased to announce that, in preparation for future acquisitions, has agreed with long-term note holder 'Green Light Developments LLC' to have all of the outstanding debt, with interest, removed from the liabilities and forgiven, with no consideration due.
Sun Kissed CEO, Mr. Carl Grant, stated today that, "We have worked with Green Light to help us meet our liabilities over the past two years, and they have been a fantastic partner. In the current economic climate, we need to be as lean as possible and we have used this to agree to a complete forgiveness of debt. We are extremely satisfied with our tough negotiating stance which sees Green Light with no equity or debt position whatsoever in Sun Kissed and we part ways at this point completely.
We have exciting acquisitions and partnerships in the works, and this just further enhances the attractive propositions on the market right now with our liabilities being reduced by such a significant amount."
Also, the Company previously effected a massive 80% reduction in its Authorized Share Capital in preparation for its previous acquisition, in January, of Products Group.
https://www.marketwatch.com/press-release/sun...quote_news
, an emerging player in the CBD marketplace, is pleased to announce that, in preparation for future acquisitions, has agreed with long-term note holder 'Green Light Developments LLC' to have all of the outstanding debt, with interest, removed from the liabilities and forgiven, with no consideration due. Sun Kissed CEO, Mr. Carl Grant, stated today that, "We have worked with Green Light to help us meet our liabilities over the past two years, and they have been a fantastic partner. In the current economic climate, we need to be as lean as possible and we have used this to agree to a complete forgiveness of debt. We are extremely satisfied with our tough negotiating stance which sees Green Light with no equity or debt position whatsoever in Sun Kissed and we part ways at this point completely.
We have exciting acquisitions and partnerships in the works, and this just further enhances the attractive propositions on the market right now with our liabilities being reduced by such a significant amount."
Also, the Company previously effected a massive 80% reduction in its Authorized Share Capital in preparation for its previous acquisition, in January, of Products Group.
https://www.marketwatch.com/press-release/sun...quote_news
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