Kona Gold Beverage, Inc. Post Highest November Revenue
December 13 2021 - 9:00AM
InvestorsHub NewsWire
Kona Gold Beverage, Inc. Post Highest November
Revenue
Subsidiary Gold Leaf Distribution has another record
month
Melbourne, FL -- December 13, 2021 -- InvestorsHub
NewsWire -- Kona Gold Beverage, Inc. (OTCQB:
KGKG), a holding company focused on product development in the
better-for-you and hemp and CBD functional beverage sector, is
pleased to announce it has posted the highest November Revenue in
Company history. November revenues increased over 330%
compared to the prior-year November, which is a significant
increase. Total Revenues for November were approximately
$236,000.
Kona Gold Beverage’s subsidiary, Gold Leaf
Distribution, led revenues in November posting another record
revenue month with over $183,000 in sales. Sales for Gold
Leaf continue to climb and the Company expects to see substantial
revenue growth as its new Conway, South Carolina distribution
center takes root and develops market share in that
territory. Gold Leaf Distribution has seen substantial growth
in 2021, with 9 delivery trucks, 10 employees, and nearing
profitability.
“I am pleased to announce to our shareholders that
the Company continues to hit revenue projections and we continue to
grow, month-over-month,” stated Robert Clark, CEO of Kona Gold
Beverage, Inc. “We have already hit our revenue projections for
2021 and our team is currently laying out the groundwork for a
successful 2022, where we will see much higher revenue projections
and will announce that to shareholders in early
January.”
Clark continued, “We anticipate our Gold Leaf
operation to grow to approximately $300,000 + in revenue per month
in early 2022 as the beverage season goes into full swing and our
new Conway, SC branch gets established. We are seeing
exciting developments around our new Sparkling Ooh La Lemin
Lemonades and anticipate that brand to have an extremely successful
launch early next year. Along with the rebranding of our Kona
Gold Hemp Energy Drinks, which is anticipated to roll out in March
of next year, we are planning for a huge Q1 in
2022.”
Kona Gold recently announced it has developed and
will be launching a new line of beverages, Ooh La Lemin Sparkling
Lemonade, which will launch in early Q1 of 2022. Ooh La Lemin
Sparkling will be produced in 12oz sleek cans; it will be made with
all natural ingredients; it is gluten and GMO free; and it has 10
low calories. Ooh La Lemin Sparkling will be available in six
delicious flavors: Blue Raspberry, Citrus Splash, Cucumber
Watermelon, Huckleberry, Original, and Pineapple
Mango.
For more information regarding Kona Gold Beverage,
please visit:
https://konagoldbeverage.com/
About Kona Gold Beverage,
Inc.
Kona Gold Beverage, 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 its 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 its website at
www.highdrateme.com. Gold Leaf Distribution, LLC
was created to fill the Company’s distribution needs in markets
that it wants to enter quickly; please visit its website
at www.goldleafdist.com. Kona Gold Beverage, Inc.
recently rebranded its Lemin Lemonade to Ooh La Lemin Lemonade;
please visit its website at www.oohlalemin.com. Kona Gold and its family of companies are located
on the east coast of Florida in Melbourne and in Greer and Conway
South Carolina.
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. The Company may also make
written or oral forward-looking statements in its filings with the
U.S. Securities and Exchange Commission, in press releases and
other written materials, and in oral statements made by its
officers, directors or employees to third parties. There can
be no assurance that such statements will prove to be
accurate. The Company cautions that these forward-looking
statements are further qualified by other factors including, but
not limited to, those set forth in the Company’s Registration
Statement on Form S-1. 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.
The Company does not undertake any obligation to
update publicly or to revise any statements in this release,
whether as a result of new information, future events, or
otherwise.
Investor Relations
Contact:
Robert Clark
844-714-2224
investorrelations@konagoldbeverage.com
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