A CBD-based products company is releasing a lock box with a biometric fingerprint lock.
Hakuna Supply – soon to be a subsidiary of Sun Kissed – will release the ‘Fingerprint Lock Box’ biometric sensing storage device for cannabis, hemp, and CBD products.
The box has a back-up metal key and can be charged by a USB-compatible, portable, removable wireless charger.
Carl Grant, CEO of Sun Kissed, said: “I’m truly excited that the Hakuna acquisition appears set to be finalised sooner than expected as Hakuna continues to roll out powerful new products.
“As we get ready to close the acquisition, our attention will quickly turn toward marketing the many award-winning top-tier products Hakuna has crafted, with this beautiful new state-of-the-art biometric sensing Fingerprint Lock Box representing yet another success story as shoppers get set for the holiday season.”
Sun Kissed and Hakuna are nearing the signing of their definitive agreement, by which Sun Kissed will acquire 100% of the issued and outstanding shares of Hakuna.
A press release states the biometric sensing market is projected to grow from $3.5 billion in 2019 to $7.1 billion by 2024, according to recent research from MarketsandMarkets.
The release adds that overall sales within the legal US cannabis industry are expected to reach $13.6 billion throughout 2019, for a 32% increase over 2018, according to New Frontier data.
“We are working closely with Hakuna to provide for a smooth transition as we get set to integrate Hakuna’s operations and prepare to invest in growing the company into one of the biggest CBD players in the US domestic market,” added Mr Grant.