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:
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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.
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