Kona Gold Solutions, Inc. Announces 225% Increase in Revenue for the Month of October
November 07 2018 - 9:00AM
InvestorsHub NewsWire
Kona Gold Solutions, Inc. Announces 225% Increase in
Revenue for the Month of
October
The Company forecasts Q4 Sales and Revenue Growth to
be Largest to
Date
Melbourne, FL
-- November 07, 2018 -- 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 a two hundred and
twenty-five percent (225%) increase in revenue from the previous
month on thirty-two thousand dollars ($32,000) in sales. The
Company recorded its strongest month-to-date off of the signing of
new distribution partners and extremely strong sales of its popular
Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters.
The Company has also seen an eight-seven percent (87%) increase in
sales on Amazon.com over the last 30 days and a two hundred and
ninety-two percent (292%) from this time last
year.
Kona Gold has forecasted one hundred
fifty-three thousand dollars ($153,000) in revenue for Q4 with
fifty-six thousand ($56,000) in gross
profit.
“I am excited to announce to our
shareholders that we have seen extremely strong growth and sales in
the month of October, which is from the culmination of strong
product pull through in retail locations, a big increase in online
sales, and large orders from our current and new distribution
partners,” stated Robert Clark, CEO of Kona Gold Solutions,
Inc. “We will continue to see an explosion in growth as the company
is working to close deals with several very large distribution
partners and grocery chains. This is an exciting time to be
in the hemp and CBD industry and we are positioning the Company
with the right products and the right personnel to be a leader in
the market. Our primary goal to our shareholders is to
increase revenue and be profitable in Q4 of
2018.”
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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