SUN KISSED INDUSTRIES INC.

(SKDI)
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Sun Kissed Issues Key Corporate Update on Numuni Platform Beta Launch

06/10/2020 | 08:50am EDT

New York, New York--(Newsfile Corp. - June 10, 2020) - Sun Kissed Industries Inc. (OTC Pink: SKDI) ("Sun Kissed", "SKDI"), an emerging leader in the development and sale of CBD consumables, digital content management, and online ad monetization technology, is pleased to provide an update for its current and prospective investors as the Company moves toward the full beta launch of the Numuni Monetization Platform, as well as the launch of the Company's new online resource, which will focus on providing useful information well as its full portfolio of recent acquisitions, including Numuni Inc. ("Numuni"), a monetization platform developed for digital media publishers, software providers, and online games, and Hakuna Supply/Products Group, Inc. ("Hakuna"), a premier revenue-generating CBD-based products company located in California.

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New Web-based Resource: The Company will be launching a new website built to provide important details related to Sun Kissed's strategic philosophy, future vision, and portfolio of recent acquisitions.Hakuna and Numuni will be featured to provide current and prospective investors with a much improved deeper understanding of the value obtained by these acquisitions; including details related to the strategic plans and operational goals of each, an outline of the synergies and potential operational complementarity programs that exist between Hakuna and Numuni. And finally, the path from here to full launch for the Numuni Monetization Platform, and why the Company believes the Numuni launch holds the potential to drive accelerated sales growth for Hakuna's award-winning line of CBD-based products. This new web resource will go live this week.

Numuni Beta Launch: The Company plans to begin the full beta launch of the Numuni Monetization Platform this month. The launch will initially leverage Numuni's preexisting software infrastructure. Additionally, in coming days, Numuni is set to begin important proprietary development work on its new software launcher designed to work through public consumption. As a direct result, end users will be able to sign up as beta test users in the extremely near future. And due to beta-test user demand and our initial scaling, a website is being created to accommodate a "waiting list" process.

Carl Grant, Sun Kissed CEO, commented, "As we recently outlined, accelerating Numuni's path to full commercialization has become our overriding near-term goal. All resources are being devoted to getting it fully launched and live as fast as humanly possible, because it represents such a powerful and disruptive vision, and implies such strong complementarity ties with our Hakuna investment in terms of marketing ROI, and overall forward sales expectations. Therefore, the Numuni beta launch is getting started now simultaneously with the waiting list growing, as well as the development on the new software launcher about to kick-off.

"We will have our new website live in the next few days, which will greatly enhance our shareholders understanding of exactly why we're so excited about the path ahead."

About Sun Kissed Industries, Inc.:

Sun Kissed Industries Inc. (OTC Pink: SKDI) is an emerging leader in the development and sale of CBD consumables, digital content management, and online ad monetization technology. The Company is pursuing meaningful acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player in well-defined, high-growth markets within rapidly expanding sectors.

About Numuni:

Numuni is a technology platform that aims to disrupt the digital marketplace for paid content by making use of the vast amount of unused computing resource that personal computer desktops have. By working with the world's largest media publication companies, Numuni will tap into their user base, achieving massive distributed super computing power. This system will revolutionize the market, allowing for true, on-demand, scalable computational power for sale on the Numuni marketplace.

About Hakuna:

Hakuna is 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 was also recently awarded "Runner Up" at the Los Angeles Coffee & Donut Festival People's Choice Coffee Awards for 2019. Hakuna generates significant revenues with a substantial distribution footprint, including over 110 established retail distribution partners across over 20 states in the domestic US market.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements, including information about management's view of Sun Kissed Industries Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Sun Kissed, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Sun Kissed's future results. The forward-looking statements included in this press release are made only as of the date hereof. Sun Kissed cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Sun Kissed undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Sun Kissed.

SOURCE: Sun Kissed Industries Inc.

Contact:

invest@sunkissedindustries.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57557


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Financials (USD)
Sales 2020 7,42  - -
Net income 2020 -4,45 M - -
Net Debt 2020 2,55  - -
P/E ratio 2020 -0,76x
Yield 2020 -
Capitalization 1,63 M 1,63 M -
Capi. / Sales 2019 -
EV / Sales 2020 458 973x
Nbr of Employees 1
Free-Float -
Income Statement Evolution
Managers and Directors
Joseph Ladin President, CEO, CFO, Secretary & Director