$SKDI Hakuna offers award-winning high-end CBD-bas
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Hakuna Supply received the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017
Hakuna’s coffee is currently nominated for “Best Hemp-Derived CBD Product” by the California cannabis awards
The LOI represents an agreement to pursue a transaction in which 100% of the issued and outstanding shares of Hakuna will be purchased through a definitive stock purchase agreement by Sun Kissed on or before November 22, 2019.
“According to every major research firm familiar with this market, the dramatic explosion in growth we are seeing in the CBD space is being fueled by a massive wave of mainstream adoption among typical US and global consumers,” continued Mr. Grant. “That growth is only expected to further accelerate in the months and quarters ahead, and Hakuna puts us instantly on the map as a market leading force to be reckoned with.”
Research firm MRFR sees the global CBD market growing at better than 125% annually through 2026. Brightfield Group joins in this view, adding that 2019 alone will show over 900% expansion in total sales of CBD-based products across all related product groups.
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