Kona Gold Solutions, Inc. Posts 1,845% Year-Over-Year Revenue Growth
November 13 2019 - 9:00AM
InvestorsHub NewsWire
Kona Gold Solutions, Inc. Posts 1,845% Year-Over-Year
Revenue Growth
The Company forecasts $6-$8 million in revenue for
2020
Melbourne, FL -- November 13, 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 1,845% year-over-year revenue growth. The Company
posted revenue of just $73k through the first three quarters in
2018 and $1.42 million through the first three quarters of
2019. During the same period, the Company’s increase in
revenue was reflected in its market
capitalization.
In the first three quarters, Kona
Gold has made a significate impact in the functional beverage
market with its hemp and CBD product lines. During that time,
the Company has expanded operation into South Carolina with its
30,000 sq ft distribution center, partnered with over 60
distributors in 36 states, expanded its Kona Gold Hemp Energy Drink
and HighDrate CBD Energy Water lines from 9 SKUs to 15 SKUs,
launched its new product line - Storm CBD High Alkaline Water, and
signed key partnerships with the American Breast Cancer Foundation
and World Champion Ski Jumper, Ryan
Dodd.
In January of 2019, Kona Gold
forecasted $1.5 to $2 million in revenue, which the Company has
already hit in early October. The Company has recently set
projections of $6-$8 million for 2020 based on demand for its
current products, new product launches for 2020, and current
developments in the last quarter of
2019.
“I’m excited to announce to our
shareholders the phenomenal growth Kona Gold has experienced over
the last year,” stated Robert Clark, CEO of Kona Gold Solutions,
Inc. “The Company’s revenue has grown over 1,800%, year-over-year,
which is not only amazing, but a testament to the hard work our
team has put in. We anticipate our growth to continue into Q4
of this year and into 2020, as our team continues to execute and
grow our market presence.”
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 Infused Energy Water, available
in 6 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
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