Kona Gold Solutions Inc (OTCMKTS: KGKG) has been on fire in recent weeks making an explosive move up the charts off its base just over a penny. The stock has quickly attracted a loyal shareholder base which has transformed KGKG into a volume leader.
KGKG is at the right place at the right time with cannabis stocks on fire and CBD stocks getting a boost after reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. With a rising number of various CBD products available in mainstream markets, consumers are spending more on CBD products than ever before. The Brightfield Group estimates the space will top $22 billion within the next 4 years, making it one of the more enticing spaces from an opportunity standpoint.
Kona Gold Solutions Inc (OTCMKTS: KGKG) is a premier lifestyle company that specializes in developing hemp and CBD products in the functional beverage and fitness markets. Focusing on the hemp energy drink, CBD energy water, and CBD water markets, Kona Gold Solutions, Inc. has positioned itself as a premium lifestyle brand.
Kona Gold is led by entrepreneur Robert Clark operating out of the Company’s new state of the art corporate office consisting of 4,500 square feet of office and warehouse space located at 746 North DriveSuite Melbourne, Florida. KGKG holds 2,476,722 shares of Elev8 Brands Inc. (OTC: VATE) Preferred Series D Shares which convert at 60:1 = 148.6M shares of VATE Common. With VATE trading at .044 the value of KGKG’s holdings is $6.5 million.
Kona Gold is currently in the process of having the Company’s financials audited in order to meet the requirements set worth by OTC in order to up-list to the OTCQB market tier. The Company also retired 160 million shares of common stock earlier this year.
Kona Gold LLC Is a wholly owned subsidiary of Kona Gold Solutions, Inc. focuses on creating great tasting and healthy hemp infused energy drinks in the functional beverage market for those who lead an active lifestyle.
HighDrate LLC is a wholly-owned subsidiary of Kona Gold Solutions, Inc. which focuses on the development and marketing of CBD infused energy waters available in a variety of great tasting flavors. HighDrate LLC has single handedly created a new product niche with its healthy CBD energy waters geared towards the fitness and wellness markets.
In 2017 Kona Gold through its wholly owned subsidiary HighDrate LLC started producing its CBD Infused Flavored Energy Waters, High-drate, under its premium Kona Gold brand. The Company produces four delicious flavors: Tropical Coconut, Georgia Peach, Kiwi-Strawberry, and Watermelon.
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Sales have been strong according to management who said earlier this year they have moved over twelve thousand (12,000) units of product over the last 30 days. To date, this signifies the Company’s strongest 30-day span in regards to sales and revenue.
Kona Gold has a ton of distributers for its CBD Infused Flavored Energy Waters including distributers in California, Massachusetts, New York, North Carolina, illinois, Florida and Bermuda among others.
Last month Kona Gold hired Chris Selinger as its new Vice President of Sales. Mr Selinger is a veteran of the beverage industry who once signed over 88 new distributors for a national beverage brand in the Southeast region in 36 months, which increased yearly territory case sales from 70,000 cases to over 1.1 million cases.
On September 28 KGKG announced it has entered into a distribution agreement with Southeast Beverage, Inc. Southeast Beverage services over 1100 accounts in 25 counties throughout North and South Carolina. Kona Gold is currently in negotiations with several additional distributors in the southeast United States and has additional meetings set in October with distribution partners in new key markets for the Company.
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Currently trading at a $8 million market valuation KGKG has small but growing revenues, minimal assets and is debt free. KGKG is an exciting story developing in small caps; the Company’s CBD Infused Flavored Energy Waters are doing great in a booming CBD market and the stock has quickly developed a loyal shareholder base that swears this one goes higher. We will be updating on KGKG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with KGKG.
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Disclosure: we hold no position in KGKG either long or short and we have not been compensated for this article.