Kona Gold Solutions, Inc has Record Quarter on Revenue of over $720,000
July 03 2019 - 9:00AM
InvestorsHub NewsWire
Kona Gold Solutions,
Inc has Record Quarter on Revenue of over
$720,000
The Company has its first profitable
quarter as sales continue to outpace
projections
Melbourne, FL -- July 3, 2019 -- 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 it has beat Second Quarter protected revenue of $400,000
by over $320,000. Kona Gold had its first ever profitable
quarter on revenue of over $720,000 from sales of its popular Kona
Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The
Company will surpass $1 million in revenue for 2019 this
month.
Kona
Gold continues to experience exponential growth as the Company adds
distribution partners in new and current states. The
Company’s two product line, Kona Gold and HighDrate, can now be
purchased in 31 states in popular convenience stores, grocery
stores, and specialty stores. Product re-orders from
distributors are at its highest pace as demand for the Company’s
products strengthens.
“I am
excited to announce to our shareholders that Kona Gold has
surpassed revenue projections by over $320,000, almost doubling Q2
projections,” stated Robert Clark, CEO of Kona Gold Solutions, Inc.
“Our Strong revenues is a testament to how well our products are
doing in the market place and how fast the Company is
growing. We are proving to be the leader in the hemp energy
and CBD beverage market and with success of our product line
extensions, great tasting beverages, and top notch team, we plan to
continue to execute on all fronts as Kona Gold grows into a
national brand.”
Kona
Gold recently leased 15,000 sq ft of a 30,000 sq ft warehouse in
Greer, South Carolina, which has become the Company’s distribution
hub. The Company’s new distribution hub has been built out
with offices and is now fully operational with over 120 pallets of
product in inventory and shipping product out to distributors
around the country.
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, HighDrate, LLC, and Gold Leaf
Distribution, 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. Gold Leaf Distribution, LLC was created to
fill the Company’s distribution needs in markets it wants to
quickly enter. 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:
Robert Clark
844-714-2224
investorrelations@konagoldhemp.com
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