The Cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space, significant investments, improved distribution and refined marketing strategies mean theses public cannabis companies are only just starting to sprout. Cannabis stock investors are looking for the industry to deliver improvement this year.
High-flying and volatile cannabis stocks have caught the attention of both the Main street and Wall Street this year.For investors ready to jump on the hemp CBD bandwagon, Sun Kissed Industries Inc. (OTC: SKDI) is a great sub penny stock to consider buying at these levels.
Sun Kissed Industries Inc. (OTC: 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.
The Company recently announced that is has closed in its acquisition of Products Group, Inc. DBA Hakuna Supply (“Hakuna” or “Hakuna Supply”), a premier revenue-generating CBD-based products company located in California with over 110 established retail distribution partners across over 20 states in the domestic US market and Canada.
Hakuna Supply received the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017 and their signature hemp roast coffee was nominated in the 2019 California Cannabis Awards for best CBD product . Hakuna has established high-end CBD-based products, including CBD Hemp Roast Coffees, CBD Coffee Bundles, CBD Tea Bundles, CBD Drink Drops, CBD Gummies, CBD Flower, a range of premium CBD Teas, and other premium products.
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.
SKDI is trading at a discount compared to other players. And several upcoming catalysts could catapult shares higher. In our view, a bounce is all but guaranteed. Use this to your advantage to make some money back. Right now, all of the fear and negativity is priced in. That means, in the short-term, Sun Kissed Industries Inc. (OTC: SKDI) have nowhere to go but up.