$SKDI Sun Kissed Industries Inc. (OTCMKTS:SKDI) co
Post# of 98044
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Posted On: 02/28/2020 11:55:35 AM
$SKDI Sun Kissed Industries Inc. (OTCMKTS:SKDI) continues to hit our speculative radar as a potentially extremely undervalued name in the high-end specialty food and beverage space given its recently closed acquisition of Hakuna Supply, a an award-winning CBD-products company, currently nominated for “Best Hemp-Derived CBD Product” by the California Cannabis Awards after winning the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017.
Hakuna already boasts significant revenues with a substantial distribution footprint, including over 110 established retail distribution partners across over 20 states in the domestic US market.
One reason SKDI might be so undervalued here is the simple fact that the market may not have actually priced this acquisition in at all. If we assume Hakuna will pull in $5M on the topline over the next year (not remotely unrealistic according to our analysis of the company and its market positioning and brand), then we are dealing with a stock trading at less than a 1x multiple to sales, which is absurd. https://dailytrendingstocks.com/analysis-skdi...quisition/
Hakuna already boasts significant revenues with a substantial distribution footprint, including over 110 established retail distribution partners across over 20 states in the domestic US market.
One reason SKDI might be so undervalued here is the simple fact that the market may not have actually priced this acquisition in at all. If we assume Hakuna will pull in $5M on the topline over the next year (not remotely unrealistic according to our analysis of the company and its market positioning and brand), then we are dealing with a stock trading at less than a 1x multiple to sales, which is absurd. https://dailytrendingstocks.com/analysis-skdi...quisition/
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