Kona Gold Solutions, Inc Beats Revenue Projections for Q2 with $729,000 in Revenue
August 19 2019 - 9:19AM
InvestorsHub NewsWire
Kona Gold Solutions,
Inc Beats Revenue Projections for Q2 with $729,000 in
Revenue
The Company continues impressive growth
in U.S. Markets
Melbourne,
FL -- August 19, 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 it has beat Second Quarter projected revenue of $400,000
by $329,000 on revenue of $729,000. Sales from the Company’s
Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters beat
Company estimates by a huge margin. The signing of 16 new
distribution partners, the launch of two new Kona Gold Hemp Energy
Drink flavors, and the strong demand for the Company’s products
during the second quarter of 2019 pushed revenue to new
heights.
Kona Gold
continues to have impressive growth in the third quarter of
2019. During the current quarter, the Company has added
14 new distribution partners, with several more in negotiation,
continues to expand market presence in new states, and announced
the recent partnership with the American Breast Cancer Foundation,
in which the Company will launch its all new Kona Pink beverage, a
Pink Grapefruit Flavored Hemp Energy Drink, at the end of
September. Kona Gold has set projected revenue of $800,000
for the third quarter.
“We had an
unbelievable second quarter signing, on average, a new distributor
every week and almost moving double the amount of product as we
projected,” stated Robert Clark, CEO of Kona Gold Solutions, Inc.
“Our team continues to fire on all cylinders and our products are
making a huge impact in the market place. Our premium
beverage products are now available in 35 states in convenient
stores, restaurants, grocery chains, specialty stores, bowling
alleys, smoke shops, and more.”
Clark
continued, “Early in the year the Company projected $1.5 - $2
million in revenue for 2019, which it will hit by the end of
Q3. This is a huge accomplishment for the Company as it
pushes to have its first profitable year in
2019.”
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:
Robert
Clark
844-714-2224
investorrelations@konagoldhemp.com
Kona Gold Beverage (PK) (USOTC:KGKG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kona Gold Beverage (PK) (USOTC:KGKG)
Historical Stock Chart
From Sep 2023 to Sep 2024