Kona Gold Beverages, Inc. Achieves
April Revenues Exceeding $586,000
Diversification Efforts Enrich
Company's Distribution Portfolio with Multiple New
Products
MELBOURNE, FL --
May 8, 2024 -- InvestorsHub NewsWire -- Kona Gold Beverages, Inc.
(OTCPK:
KGKG), a leading holding company specializing in innovative
product development within the better-for-you and functional
beverage sector, proudly announces April revenues totaling over
$586,000, further solidifying its position in the market with the
addition of newly introduced beverage products to its already
impressive portfolio.
In a remarkable
start to Q2, Covert LLC contributed significantly to the company's
success by posting April revenue totaling over $376,000, signaling
a continued upward trend in the market. Anticipation mounts as
Covert LLC eagerly awaits the release of multiple new products,
alongside the highly anticipated launch of its e-commerce site.
Additionally,
company subsidiaries have shown exceptional performance, with Surge
Distribution reporting revenue exceeding $210,000 in April. This
robust performance underscores the effectiveness of the company's
diversified business strategy.
"We are excited to
introduce three new lines of beverages, expanding our product
offerings to meet the evolving demands of consumers," said Brandon
White, Chairman of Kona Gold Beverages, Inc. "Our commitment to
innovation and quality is reflected in the introduction of
Botanical Brewing Co, Milonga – Yerba Mate, and Guayaki – Yerba
Mate."
In anticipation of
the eagerly awaited first production run of HighDrate D9 Drinks,
scheduled for this month, revenues are expected to increase
substantially. The introduction of HighDrate D9 Drinks marks a
significant milestone for Kona Gold, as the company expands its
offerings with these innovative beverages. Crafted to cater to
health-conscious consumers, the HighDrate D9 Drinks will debut in
two enticing flavors Watermelon and Blueberry/Lemonade, offering a
refreshing and revitalizing drink experience. This strategic move
further underscores Kona Gold's commitment to meeting the evolving
preferences of its customer base while driving sustained growth and
value for its stakeholders.
Botanical Brewing
Co offers a diverse range of beverages, including their popular D9
and D8 energy drinks, as well as Kava, Kratom, and Kanna drinks.
Recognized as the 2023 IAA Manufacturer of the Year by the Horizon
Foundation, Horizon Council, and Lee County Economic Development,
Botanical Brewing Co sets the standard for excellence in beverage
manufacturing.
Milonga – Yerba
Mate, cultivated exclusively in the rich, fertile heartlands of
subtropical South America, brings a superfood-classified herb that
invigorates millions worldwide. Its harmonious integration with
Cannabis further enhances its appeal.
Guayaki offers a
variety of delicious flavors, including Berry Lemonade, Peach, and
Tropical Uprising, along with sparkling options and an assortment
of teas. Brewed naturally with caffeinated leaves, Guayaki products
provide a smooth energy boost, enhancing focus and delivering a
unique combination of caffeine, theobromine, and polyphenols.
"We're thrilled to
expand our portfolio with these new beverages and products,
complementing our existing offerings within the Surge Catalog,"
added Brandon White. "As we continue to observe remarkable growth
in the beverage category, we remain committed to meeting consumer
preferences and driving value for our stakeholders."
The Company also
recently announced that its board of directors and majority
shareholders have approved a name change for the company. The
process to change the company's name to NuVibe, Inc. and apply for
the new ticker symbol VIBE has commenced following approval by the
board of directors and majority of shareholders.
For more
information regarding Surge Distribution Company, please visit:
https://surgedist.com/
About Kona Gold
Beverage, Inc.:
Kona Gold Beverage,
Inc., operates as a holding company in the beverage industry.
Through its subsidiaries, Kona Gold LLC and Covert LLC, it offers a
diverse range of healthy energy drinks and products. Kona Gold's
premium line of energy drinks caters to health-conscious consumers,
alongside its innovative HighDrate D9 Drinks. Covert LLC
specializes in high-quality products, including Delta-8, THCa,
THC-P, and Kratom. Headquartered in Melbourne, Florida, Kona Gold
Beverage, Inc. is actively engaged in expanding its market presence
through strategic acquisitions.
For more
information regarding Kona Gold Beverage, please visit: https://konagoldbeverage.com/
Investor Relations
Contact:
Phone:
844-714-2224
Email: investorrelations@konagoldbeverage.com