CBD processor acquires California brand, plans to expand footprint
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics February 6, 2020 MJ Shareholders 0
Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states.
Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed.
Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust Sun Kissed onto the global CBD products market stage in a major way.”
He did not say whether that means product from Thousand Oaks, California-based Hakuna will start carrying the Sun Kissed name.
Hakuna products include CBD beverages, gummies and smokable flower. The company is privately held.
Sun Kissed trades on the over-the-counter markets as SKDI.
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