Kona Gold Beverage, Inc. Subsidiary Gold Leaf Distribution Post Highest Monthly Revenue in January
February 02 2022 - 9:00AM
InvestorsHub NewsWire
Kona Gold Beverage, Inc. Subsidiary Gold Leaf
Distribution Post Highest Monthly Revenue in
January
Company’s new Ooh La Lemin Sparkling Starts
Production Next
Week
Melbourne, FL -- February 2, 2022 -- 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 its wholly owned subsidiary, Gold Leaf
Distribution, has posted its highest revenue month in January,
closing out with approximately $215,000 in revenue and gross
margins of approximately 31%. Gold Leaf’s Melbourne, FL and
Greer, SC locations both posted profits for the month of
January. Gold Leaf’s Conway, SC location, which opened in
October of last year, is expected to near profitability in the next
several months as beverage season kicks in during the Spring and
Summer months.
Gold Leaf Distribution recently received
authorization to distribute to 52 Quik Trip (QT) locations in South
Carolina, where it will be delivering a selection of products on a
weekly basis to these stores starting in February. This
selection of product will be new brands for Gold Leaf and is big
milestone for the Company to begin distributing to a popular
quality chain that has been serving customers with quality products
for over 60 years.
“I am pleased to announce to our shareholders that
Gold Leaf Distribution, our distribution subsidiary, continues to
hit record monthly revenues and January was no exception,” stated
Robert Clark, CEO of Kona Gold Beverage, Inc. “With January being
one of the slowest months in the beverage industry, our Gold Leaf
operation hit well over $200,000 for the month of January which is
evident of the continuation of our monthly growth. Two out of
three of our business location were profitable in January and we
anticipate Gold Leaf to start posting Companywide monthly profits
in the coming months.”
Kona Gold, the Company’s other wholly owned
subsidiary, recently announced it has developed and will be
launching a new line of beverages, Ooh La Lemin Sparkling Lemonade,
with all six flavors going into production next week. The
majority of the first production run of Ooh La Lemin Sparkling is
already presold, going to distributors and retail chains. The
Company has secured an additional, larger production run in March
in order to stay lock stepped with demand for its new healthy line
of beverages. Ooh La Lemin Sparkling will be available on the
Company’s ecommerce website along with Amazon in
February.
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
Kona Gold Beverage (PK) (USOTC:KGKG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kona Gold Beverage (PK) (USOTC:KGKG)
Historical Stock Chart
From Apr 2023 to Apr 2024