Kona Gold Solutions, Inc. Begins Production of its New Hemp Energy Drink and CBD Energy Water Flavors
April 15 2019 - 9:00AM
InvestorsHub NewsWire
Kona Gold Solutions,
Inc. Begins Production of its New Hemp Energy Drink and CBD Energy
Water Flavors
Company’s has record
quarter with Q1 revenue upwards of
$260,000
Melbourne, FL -- April 15, 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, is pleased to
announce the Company has begun production of its new Hemp
Energy Drink and CBD Energy Water flavors. The Company’s Kona
Gold Hemp Energy Drink line extension will include the flavors
Bubble Gum and Candy Apple. The line extension for the
Company’s HighDrate CBD Energy Waters will include Blue Island
Punch and Sour Apple. Kona Gold has been working over the
last several months with its world class formulators to create new
flavors that will complement and play off of the Company’s already
successful flavor line up and will resonate with its
consumers. The new flavors are slated to hit the market in
late May.
The Company has seen substantial
growth over the last 6 months with its current product offering and
had a record first quarter, posting revenues over $260,000, which
it will be releasing in it’s quarterly disclosure later this
month. With repeat orders from some of the Company’s larger
accounts, such as Huck’s and Kentucky Eagle, new orders from the
majority of the Company’s other distribution partners, the launch
of new flavors, and the release of Kona Gold’s all new Storm
CBD High Alkaline Water, the Company has forecasted revenues of
$400,000 for the second quarter of 2019. These projections
make the Company profitable in the second quarter of
2019.
“We are
excited to be announcing the addition of these exciting flavors for
both our Kona Gold and HighDrate product lines,” stated Robert
Clark, CEO of Kona Gold Solutions, Inc. “Our Company has been
growing at a blistering pace and these added flavors will not only
give our brands a larger presence, but will add substantial revenue
at launch. This quarter we will see our beverage product
offering grow from our current 11 SKUs to 17 SKUs, which is a
substantial expansion.”
Chris
Selinger, V.P. of Sales of Kona Gold Solutions, Inc. stated, “Our
mission at Kona Gold is the dedication to bringing the highest
quality and best tasting Hemp and CBD products to market. Our
current Kona Gold and HighDrate consumers will be blown away by
these unique flavors. We anticipate our distribution partners
to be quick to add these new flavors to their current product
portfolio.”
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, HighDrate, LLC, and Gold Leaf
Distribution, 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. Gold Leaf Distribution, LLC was created to
fill the Company’s distribution needs in markets it wants to
quickly enter. 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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