Kona Gold Beverage, Inc Post Highest Monthly Revenue in May
06 June 2022 - 11:00PM
InvestorsHub NewsWire
Kona Gold Beverage, Inc Post Highest Monthly Revenue
in May
Ooh La Lemin Lemonades are rolling out in Walmart in
June
Melbourne, FL -- June 6, 2022 -- 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 posted its highest monthly gross revenue
in May. The Company’s subsidiaries combined gross revenue was
approximately $480,000 during that period with subsidiary
breakdowns of approximately $345,000 from Gold Leaf Distribution
LLC and approximately $135,000 from Kona Gold LLC. Gold Leaf
Distribution also posted its highest monthly gross revenue in
May.
Kona Gold Beverage is experiencing phenomenal growth
and is looking to match or surpass 2021 revenues in the first two
quarters of 2022. This growth has been driven by the success
of its Gold Leaf Distribution subsidiary and the recent launch of
its Sparkling Ooh La Lemin Lemonades. The Company’s Ooh La
Lemin Lemonades will be rolling out to Walmart in various states
across the country in June and the Company anticipates a big
increase in revenue as distributors place orders to support the
rollout.
“I am excited to report to our shareholders that the
Company has posted its highest gross revenue month in Company
history,” stated Robert Clark, CEO of Kona Gold Beverage, Inc. “We
continue to see month-over-month sales growth across our
subsidiaries and our team continues to focus on new chain
authorizations, new distribution partners, and growing market
share. We are looking to hit 2021 revenues by the end of
June, only halfway through the year, which is a testament to the
success of our team and the mission to increase shareholder
value.”
Clark continues, “Our subsidiary, Gold Leaf
Distribution, hit almost $350,000 in revenue in May, which is more
than it posted for all of the fiscal year 2020. Along with
Gold Leaf’s continued growth and our roll out this month of our Ooh
La Lemin brand into Walmart in various states, we anticipate June
to be a very successful month for the
Company.”
Kona Gold Beverage recently announced its popular
Sparkling Ooh La Lemin Lemonades will be sold in Winn-Dixie stores
in Florida. The Company’s 12 oz Sparkling Ooh La Lemin
Lemonades, available in 6 flavors, will be sold in various stores
across the state of Florida starting in Q3 of 2022. The
Company will announce the approximate number of stores and the
dates as it gets closer to launch. This marks the second
major Grocery/Supermarket chain the Company has announced in 2022
where Ooh La Lemin will be sold.
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 rebranded its Lemin Lemonade to Ooh La Lemin Lemonade;
please visit its website at www.oohlalemin.com. Kona Gold and its family of companies are located
on the east coast of Florida in Melbourne and in Greer and Conway
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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