Kona Gold Solutions, Inc. To Distribute
Stock Dividend From Sale of Elev8 Hemp, LLC
The Company approves dividend
with a record date of March 31, 2017
Rockledge, FL -- February 23, 2017 -- InvestorsHub NewsWire
-- Kona Gold Solutions, Inc. (OTC Pink: KGKG), a hemp lifestyle
brand of exclusivity and status, is pleased to announce that the
Companys Board of Directors, as well the majority shareholders have
consented, to a dividend of approximately 41,296,544 of the Elev8
Brands, Inc. (OTC Pink: VATE) shares of common stock acquired by
KGKG in its sale of Elev8 Hemp, LLC to Elev8 Brands, Inc. The
record date will be March 31, 2017. Kona Gold Solutions, Inc.
shareholders owning common stock, as of the record date will
receive 1 share of Elev8 Brands, Inc. (OTC Pink: VATE) stock for
every 10 shares of Kona Gold Solutions, Inc. (OTC Pink: KGKG)
owned.
The Company would also like to announce that it is on schedule
to have its all-new sugar free energy drink produced and on the
market next month.
"It took longer than we expected to get to this point, but I am
very excited to be announcing the details of the stock dividend
from the sale of Elev8 Hemp, LLC," stated Robert Clark, CEO of Kona
Gold Solutions, Inc. "Our current and future shareholders should be
very excited, knowing that they could become part of two
extraordinary companies that we hope will see exponential growth in
2017! The strategic move to spin off assets not part of our core
focus, allows us to effectively grow the company for the greater
good of our shareholders."
Ryan Medico, CEO of Elev8 Brands, Inc. said, "This is an
exciting time for everyone involved with Elev8 Brands and Kona
Gold. These are two growing companies that are poised to do great
things in the hemp industry and we have presented a fantastic
opportunity for shareholders to potentially be part of both
companies. There will be no increase in Elev8s issued and
outstanding shares from the distribution of the dividend and the
company plans to retire additional shares."
Kona Gold will communicate to shareholders by providing future
press releases regarding dividend distribution once the record date
has passed.
For more information regarding Kona Gold Solutions, please
visit:
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
http://www.konagoldhemp.com
Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware
Corporation, which has developed a premier Hemp Infused Energy
Drink, Energy shots, and Apparel; please visit the Companys website
to view updates and new products at www.konagoldhemp.com. The Company recently moved its
Corporate Headquarters to Rockledge, FL giving the Company the
space needed to expand rapidly.
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's control.
Investor Relations Contact:
investorrelations@konagoldhemp.com