Kona Gold Beverage, Inc. Announces Highest Monthly Revenue in February Over Previous 15 Months
March 08 2021 - 9:00AM
InvestorsHub NewsWire
Kona Gold Beverage, Inc. Announces Highest Monthly
Revenue in February Over Previous 15
Months
Melbourne, FL -- March 8, 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 February 2021 revenues from the Company’s
subsidiaries were the highest monthly revenues when compared to the
previous monthly revenues over the last 15
months.
Kona Gold
LLC saw revenue of over $115,000, and Gold Leaf Distribution saw
revenue of almost $60,000 in the month of February. This was
the highest monthly revenue for Kona Gold LLC dating back to
November of 2019, and Gold Leaf Distribution LLC’s highest monthly
revenue to date. Gold Leaf Distribution continues to break
monthly revenue records and is nearing profitability. Kona
Gold LLC realized an increase in a gross profit margin of
approximately 22% in February of 2020 to approximately 40% in
February of 2021. Gold Leaf Distribution LLC continues to
operate at a gross profit margin ranging from 28-30%, which is
above industry standards of approximately
25%.
The catalyst
for the increased revenue for Kona Gold LLC is from the recent
acquisition of S&S Beverage (Lemin Lemonade) with new
distributor agreements and subsequent orders beginning to come in
for the upcoming spring sets. Additionally, the Company has seen
increased sales from the Company’s other portfolio products, Kona
Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. Gold
Leaf Distribution LLC’s catalyst for the increased revenue has come
from cultivating relationships with existing accounts, opening new
accounts, and adding more profitable, higher demanding products to
its portfolio.
Kona Gold
Beverage anticipates its subsidiaries will continue to have a
substantial increase in revenue in March, as an increase has been
evident in a very strong start to sales in the beginning of March.
Additionally, an increase in sales expected in the coming months of
2021 as the Company enters into the historically busier beverage
seasons of spring and summer.
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 acquired S&S Beverage, Inc., which manufactures and
distributes LEMIN Superior Lemonade line; please visit its website
at www.drinklemin.com. Kona Gold and its family of
companies are located on the east coast of Florida in Melbourne and
in Greer, 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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