Kona Gold Beverage, Inc. Announces Gold Leaf Distribution Subsidiary Post Biggest Monthly Revenue in May
June 07 2021 - 9:00AM
InvestorsHub NewsWire
Kona Gold Beverage, Inc. Announces Gold Leaf
Distribution Subsidiary Post Biggest Monthly Revenue in
May
Gold Leaf Distribution post profits through first two
months of Q2
Melbourne, FL -- June 7, 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 its wholly owned subsidiary, Gold Leaf
Distribution, posted record revenue in May. Gold Leaf’s May
revenues were approximately $120,000, with a profit margin of
approximately 30% of revenue. Gold Leaf has been profitable
through the first two months of Q2, and is on track to have its
first profitable quarter in Company
history.
Kona Gold Beverage’s other wholly owned subsidiary,
Kona Gold, recently announced receiving its largest purchase order
to date. The purchase order, which came in from a new vendor,
and is for the Company’s Ooh La Lemin Lemonade, was approximately
$250,000. The new vendor has over 300 stores across 15 states
in the Midwestern united states. They have begun to receive
shipments across their multiple warehouses, and Ooh La Lemin is now
available for purchase in their stores. Once the product is
distributed to all their stores, Kona Gold anticipates a reorder
within the next several weeks.
Kona Gold Beverage recently announced it anticipated
second quarter revenues to be approximately $750,000, comprising of
$300,000 from its subsidiary, Gold Leaf Distribution; and $450,000
from the Company’s other subsidiaries. The Company has since
revised anticipated second quarter revenues to be approximately
$850,000, comprising of $350,000 from its subsidiary, Gold Leaf
Distribution; and $500,000 from the Company’s other
subsidiaries.
“Once again, I am excited to share with our
stockholders revenue growth that the Company continues see
month-over-month in 2021,” stated Robert Clark, CEO of Kona Gold
Beverage, Inc. “This is an exciting time for the Company as we are
experiencing phenomenal growth across all subsidiaries with no sign
of slowing down. We are looking to grow our team by almost
50% over the next few months as we continue to grow our brands and
expand into new markets.”
Kona Gold
Beverage is excited to announce it will be exhibiting its beverage
portfolio at this year’s NACS (National Association of Convenience
Stores) Show October 5-8 in Chicago. The
NACS Show is a premier trade show in
the country, related to convenience and fuel retailing industry,
where Kona Gold Beverage will be sampling its products to the
industry’s leading buyers.
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
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