NEW YORK, Nov. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – PRESS RELEASE -- Sun Kissed Industries Inc., an emerging player in the CBD marketplace, has issued the following Letter to Shareholders from the company’s CEO:
Dear Valued Shareholder,
We have been quiet in recent months, but a lot of action has been going on under the surface. Significant announcements are forthcoming as we aggressively pursue an immediate acquisition that will position the Company as an emerging leader in the CBD products marketplace. We are already in advanced stages of negotiation with a very promising high-growth target.
Our analysis suggests the CBD space continues to be ripe for massive overall growth that represents a multi-year boom, very little of which has actually taken place to date. The driver behind this boom is the process of mainstream adoption among North American consumers of CBD-infused products as supplemental ingredients in a healthy and vibrant lifestyle.
This process of adoption is only in its infancy, and the market for such products has yet to differentiate fully into the myriad component puzzle pieces we anticipate coming into existence with the growth boom. Right now, recent research from the Brightfield Group shows 2019 to be the breakout year where CBD announces itself onto the grand stage for investors, with the full market for CBD products set to grow by over 900% this year, which appears to be an astonishing rate of expansion on its face.
But, if you look a little closer at the data, it makes perfect sense as part of the shift in which a very small niche market is rapidly becoming a huge and commonplace part of the American consumer menu.
According to our own analysis, most of this 2019 growth is stacking toward the back half of the year following steps taken by big-brand mainstream retailers, like Kroger’s, Walgreens, Walmart, Rite-Aid, and others, to start placing CBD-based products on their physical store shelves. That has taken the CBD industry out of the shadows of backwater ecommerce portals on the internet and put it squarely in front of consumers as they go about their typical shopping day.
These are huge brands that dominate the chain-store shopping experience for most Americans. We expect this to be just the tip of the iceberg. As more big brands follow suit, the accelerating growth curve will build to a fever picture over coming quarters.
As such, we have put in place a strong strategy for carving out a dominant presence in a highly differentiated niche inside of the broader CBD marketplace. The first step will be taken via a meaningful M&A move on the immediate horizon. Keep an eye out for more details in the days that follow.
Carl Grant, CEO, Sun Kissed Industries