Kona Gold Solutions, Inc. Increases Revenue Over 62% from Previous Quarter
15 November 2017 - 1:00AM
InvestorsHub NewsWire
Company negotiates 33%
reduction in cost to produce its popular hemp energy
drinks
Rockledge, FL -- November 14, 2017 -- InvestorsHub NewsWire
-- Kona Gold Solutions,
Inc. (OTC Pink:
KGKG), a hemp lifestyle brand of exclusivity and status, is
pleased to announce its continued growth in 2017 with a third
quarter revenue increase of 62.5% from the previous
quarter. The Company
has seen growth every quarter this year as market reach of its
popular hemp energy drinks continues to expand across the
country.
Kona Gold was recently
able to negotiate a 33% reduction in production cost of its popular
hemp infused energy drinks, which will correlate into a larger
profit margin for the Company. The Company plans to leverage this decrease in
cost in negotiations with future regional and national distribution
partners.
“We are very happy to
be posting a third quarter revenue increase of over 60% from our
previous quarter,” stated Robert Clark, CEO of Kona Gold Solutions,
Inc. “As a company we
continue to grow, expand our market share, and increase shareholder
value, which are all paramount to the success of the
company. I anticipate
strong growth in the last quarter of 2017 and all of 2018 with new
products coming to market and expansion in our distribution
channels.”
Clark continued, “We
were successfully able to negotiate a significate reduction in the
cost to produce our hemp energy drinks, increasing our profit
margin by over 30%. This will have a great impact on revenue and
will more importantly, allow us to aggressively pursue new
distribution partners on a regional and national
level.”
For more information
regarding Kona Gold Solutions, please
visit:
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
http://www.konagoldhemp.com
Kona Gold Solutions,
Inc.:
Kona Gold Solutions,
Inc. has created Kona Gold LLC, a Delaware Corporation, which has
developed a premium Hemp Infused Energy Drink line, Energy shots,
and Apparel; please visit the Company’s new website
at www.konagoldhemp.com.
The Company is located on the east coast of Florida in Rockledge,
FL.
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:
investorrelations@konagoldhemp.com
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