Kona Gold Solutions, Inc. Projects $1.5 Million in Revenue from Subsidiary Gold Leaf Distribution in 2020
December 30 2019 - 9:10AM
InvestorsHub NewsWire
Kona Gold Solutions,
Inc. Projects $1.5 Million in Revenue from Subsidiary Gold Leaf
Distribution in 2020
Company finalizing requirements to move to the OTCQB
market tier
Melbourne,
FL -- December 30, 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 projected revenue of $1.5 million ($1,500,000) from
its Gold Leaf Distribution subsidiary in 2020. Gold Leaf
Distribution is the Company’s product distribution arm that not
only distributes Kona Gold, HighDrate, and Storm products, but also
products from other vendors.
Gold Leaf
Distribution, which was established in January of 2019, has
experienced significant growth in the fourth quarter of 2019.
Gold Leaf currently operates in Florida and South Carolina, has 3
delivery trucks, two full time employees, one part time employee,
and currently has established over 300 accounts. Those
accounts include grocery stores, restaurants, C-stores, specialty
stores, and smoke shops. Gold Leaf is currently adding 30-40
accounts a month and is averaging $20,000 a month in the last two
months of 2019. The Company plans to add two more beverage
delivery trucks and two additional full time employees in the first
quarter of 2019 and anticipates a large increase in revenue as
Spring and Summer approach, which is the busy season in the
beverage industry.
“I’m excited
to announce to our shareholders the growth our distribution
Company, Gold Leaf, has experience late in 2019,” stated Robert
Clark, CEO of Kona Gold Solutions, Inc. “This growth is attributed
to adding key additional products to Gold Leaf’s portfolio and
opening a significant number of accounts in Q4. Gold Leaf is
nearing profitability and we anticipate it to be profitable by Q1
of 2020. Gold Leaf’s product portfolio consists of a wide
array of products that helps the Company open new accounts in
almost any type of retail establishment from Grocery to restaurants
and C-stores to specialty stores. We have recently launched
Gold Leaf’s website, which lists our product portfolio and has an
interactive store locator.”
Kona Gold
has also announced it is finalizing requirements to move to the
OTCQB market tier and will be updating shareholders very soon with
exciting details on this and filing its S-1.
For more
information regarding Kona Gold Solutions, please
visit:
https://www.goldleafdist.com
For more
information regarding Kona Gold Solutions, please
visit:
https://www.konagoldhemp.com
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
For more
information regarding HighDrate, please visit:
https://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
Infused Energy Water, available in 6 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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