Kona Gold Beverage, Inc. Receives $250,000 Purchase Order from New Vendor
11 May 2021 - 11:00PM
InvestorsHub NewsWire
Kona Gold Beverage, Inc. Receives $250,000 Purchase
Order from New
Vendor
Melbourne, FL -- May 11,
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 it has received 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, is approximately
$250,000. The new vendor, which has over 300 stores across 15
states in the Midwestern united states, will receive half a pallet
of Ooh La Lemin Lemonade for each
store.
Kona Gold Beverage recently announced it anticipates
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. These revenue
projections did not include additional large partnership deals such
as this purchase order, which could take second quarter revenues
much higher. The Company anticipates a gross profit of
approximately 30% from these
revenues.
“Our team has been working diligently to close deals
that we have been working on for months, some deals for years, and
I am excited to be announcing to our shareholders, that one of
those deals has closed and the Company has received its largest
purchase order to date, and it is a substantial one at that,”
stated Robert Clark, CEO of Kona Gold Beverage, Inc. “Our Ooh La
Lemin Lemonade brand is growing rapidly and doing extremely well in
its current and new markets. We recently launched Ooh La
Lemin in an 800+ convenience store chain where its performance has
exceeded expectations and that vendor has already placed multiple
reorders.”
Kona Gold
was expecting to receive its first international order in the
coming weeks for its Kona Gold Hemp Energy Drinks, taking the
number one selling hemp energy drink outside the United States for
the first time, but that country has recently locked down due to
COVID, and the order has been delayed. The Company will keep
shareholders up-to-date regarding execution of this deal and other
deals as they come to fruition.
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
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