CBD processor acquires California brand, plans to expand footprint

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.