Kona Gold Solutions Inc (OTCMKTS: KGKG) is making an explosive move up after the Company announced a two hundred and twenty-five percent (225%) increase in revenue from the previous month on thirty-two thousand dollars ($32,000) in sales.
The Company recorded its strongest month-to-date off of the signing of new distribution partners and extremely strong sales of its popular Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The Company has also seen an eight-seven percent (87%) increase in sales on Amazon.com over the last 30 days and a two hundred and ninety-two percent (292%) from this time last year. Kona Gold has forecasted one hundred fifty-three thousand dollars ($153,000) in revenue for Q4 with fifty-six thousand ($56,000) in gross profit.
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 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. The Company recently said it was extending its popular Hemp Energy Drink product line to include new exciting flavors. Two new flavors Kona Gold is developing and planning to bring to market in late November are Cherry Vanilla and Cotton Candy. The Company has compiled feedback and statistics from industry experts and several large distribution houses to determine what flavors would be the most successful.
Kona Gold has a ton of distributors for its CBD Infused Flavored Energy Waters including distributors in California, Massachusetts, New York, North Carolina, Illinois, Florida and Bermuda among others. The Company also recently signed two new distributors in North and South Carolina including Ringo’s Wholesale, located in Lexington, South Carolina. Ringo’s Wholesale will be distributing the Company’s Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters to new territories in key markets where the Company’s products are not currently offered. Ringo’s Wholesale supplies products to over 300 accounts across several counties including Lexington, Newberry, Richland, and Sumter.
Kona Gold is also producing its new larger 12 oz slim line cans that will be replacing its 8.4 oz offering. The new 12 oz Hemp Energy drinks will be available in late October and will include Kona Gold’s popular Classic, Sugar Free, and all new Platinum flavors.
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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.
CEO Robert Clark said on October’s Sales “I am excited to announce to our shareholders that we have seen extremely strong growth and sales in the month of October, which is from the culmination of strong product pull through in retail locations, a big increase in online sales, and large orders from our current and new distribution partners. We will continue to see an explosion in growth as the company is working to close deals with several very large distribution partners and grocery chains. This is an exciting time to be in the hemp and CBD industry and we are positioning the Company with the right products and the right personnel to be a leader in the market. Our primary goal to our shareholders is to increase revenue and be profitable in Q4 of 2018.”
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Currently trading at a $25 million market valuation Kona Gold boasts fast growing revenues and is virtually debt free. KGKG is an exciting story developing in small caps; the Company’s Kona Gold CBD Infused Flavored Energy Waters are doing great bringing in $32,000 in October representing a 225% increase over September’s sales. The Company operates in the booming CBD space 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.