Kona Gold Solutions, Inc. Positions itself to be the Fastest Growing Beverage Company in the Hemp Sector
March 22 2019 - 9:01AM
InvestorsHub NewsWire
Kona Gold Solutions, Inc. Positions itself to be the
Fastest Growing Beverage Company in the Hemp
Sector
Company’s products are now distributed in 16 states
by 27 distributors
Melbourne, FL -- March 22, 2019 --
InvestorsHub NewsWire -- Kona Gold Solutions, Inc. (OTC
Pink: KGKG), a hemp and CBD lifestyle brand focused on product
development in the functional beverage sector,
has positioned itself to be the fastest
growing beverage company in the Hemp sector with its popular Kona
Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The
Company has had exceptional growth over the last six months,
signing 27 distribution partners across 16 states. Those
distribution partners include four Anheuser-Busch distributors,
large independent beverage distributors, and several boutique
distributors.
The
Company continues to execute on its 2019 forecast of $1.5 - $2
million annual revenue by having a record setting first quarter in
2019 with revenue currently over two hundred and fifty thousand
dollars ($250,000) and a little more than a week left in the
quarter. Kona Gold’s conservative 2019 forecast does not take
into account the product line extensions for Kona Gold Hemp Energy
Drinks and HighDrate CBD Waters, with plans to add 4 additional and
2 additional flavors respectively this year. The Company will
also be launching its much-anticipated Storm CBD Alkaline Water
next quarter which is expected to be picked up by all of its
current distributors. With the introduction of the new
flavors and Storm CBD Alkaline Water, the Company expects a
significant increase in revenue from sales. The Company’s
online sales continue to hit all time highs with those sales now
over twenty thousand dollars ($20,000) a
month.
The
Company’s products can now be found in 16 states at popular
convenient store chains like Hucks, BP, Mobil, and Shell to name a
few along with popular supermarket chains such as Lucky’s Market,
Wayfield’s, Food Depot, and Piggly Wiggly.
“What sets Kona Gold apart and has
made the Company the leader in our market is the amazing team that
we have,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We
have assembled a Sales team with experience and contacts in the
beverage industry that are second to none. Paired with our
exceptional products that resonate with our consumers, we expect
our rapid growth and expansion to continue through 2019. We
are currently working with additional grocery chains and
distributors to bring our products to new
markets.”
Gold Leaf Distribution, the Company’s
wholly owned subsidiary, brought it’s first beverage distribution
truck online this month and has begun opening new accounts in
Brevard County Florida and surrounding areas. Gold Leaf
anticipates it will have 100 accounts selling Kona Gold and
HighDrate by the end of April. The Company has plans to add
additional trucks in various markets in
2019.
Clark stated, “The Company’s
distribution partners and our own distribution company are seeing
excellent response to our products in their markets and are placing
re-orders quicker than anticipated. Our sales team have
several product kick-offs with our larger distributors in key
markets next month, where we plan to ramp up sales in those
markets.”
For more information regarding Kona
Gold Solutions, please visit:
http://www.konagoldhemp.com
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
For more information regarding
HighDrate, please visit:
http://www.highdrateme.com
https://www.facebook.com/HighDrateMe/
https://twitter.com/highdrateme
https://www.instagram.com/highdrateme/
Kona Gold Solutions,
Inc.:
Kona Gold Solutions, Inc., a Delaware
Corporation, has created wholly owned subsidiaries, Kona Gold LLC
and HighDrate, LLC. Kona Gold, LLC has developed a premium
Hemp Infused Energy Drink line; please visit the Company’s website
at www.konagoldhemp.com. HighDrate, LLC has developed
the beverage industry’s first CBD Energy Water, available in 4
delicious flavors; please visit the Company’s website
at www.highdrateme.com. The Companies are located on the east coast
of Florida in Melbourne.
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
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