Kona Gold

Kona Gold Beverages, Inc. Reports Over $3 Million in 2023 Revenues, Anticipates Robust Growth in 2024 Following Covert LLC Acquisition and Product Expansion

Retrieved on: 
Tuesday, April 2, 2024
Growth, Drink, KGB, KGKG, Acquisition, Kona Gold, CPG, Investment, Calendar, Blue Raspberry, Secrecy, Marketing

MELBOURNE, Fla., April 2, 2024 /PRNewswire/ -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a prominent holding company specializing in cutting-edge product development within the better-for-you and functional beverage sector, proudly reports revenues of approximately $3 million for the 2023 calendar year. Despite transitioning to new management towards the end of 2023 and successfully eliminating a significant amount of debt, the company maintained its revenue performance, setting a solid foundation for anticipated growth and success in 2024.

Key Points: 
  • Facing challenges in 2023, Kona Gold Beverage (KGB) is now poised for expansion and revenue enhancement in 2024.
  • To champion this strategic initiative, Kona Gold Beverages LLC is placing significant emphasis on its premier offering, the Kona Gold Energy Drinks.
  • Additionally, Covert LLC, a subsidiary of Kona Gold, continues its upward trajectory, reporting impressive first-quarter revenues exceeding $1.5 million.
  • Jared Fisher, CEO of Covert LLC, stated, "We are leveraging our strong first-quarter performance to propel Covert into its next phase of growth.

Kona Gold Beverage, Inc Successfully Acquires Covert LLC, a Leading Multimillion-Dollar CPG Company

Retrieved on: 
Tuesday, March 12, 2024
Growth, Drink, Horizon, THCA, Partnership, Share repurchase, KGKG, Acquisition, Kona Gold, CPG, D9, Eichler, Movement, Management

MELBOURNE, Fla., March 12, 2024 /PRNewswire/ -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a dynamic holding company specializing in product development within the better-for-you and functional beverage sector, is thrilled to announce the successful acquisition of Covert LLC, a pioneering company in the consumer package goods (CPG) market specializing in high-quality, high-potency Delta-8, THCa, THC-P, and Kratom products. This acquisition marks the first in a series of strategic moves planned for this year, aimed at establishing Kona Gold as the most dominant and forward-thinking company in the industry.

Key Points: 
  • Covert LLC, now a wholly-owned subsidiary of Kona Gold Beverages, Inc., has carved a niche for itself in the market with its commitment to quality and innovation.
  • With a strategic marketing approach and its recent acquisition by Kona Gold Beverages, Inc., Covert LLC is set for exceptional growth, projecting sales of $1 million per month.
  • The synergy between Covert LLC and Kona Gold is undeniable, and together, we are poised for exponential growth.
  • We are fully committed to leveraging our collective strengths to ensure the continuous growth of both Covert and Kona Gold.

KONA GOLD BEVERAGE, INC. ELIMINATES $1.3 MILLION IN DEBT AND REDUCES AUTHORIZED SHARES BY 4.386 BILLION

Retrieved on: 
Thursday, January 18, 2024
Bachelor, Economics, Athlete, Business administration, KGKG, Kona Gold, Drink, Marketing, Energy, Growth, Management

MELBOURNE, Fla.  , Jan. 18, 2024 /PRNewswire/ -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a dynamic holding company specializing in product development within the better-for-you and functional beverage sector, is pleased to announce a series of significant corporate milestones aimed at fortifying its financial position and optimizing corporate governance.

Key Points: 
  • Concurrently, the company has undertaken a substantial reduction in its authorized share count by decreasing Authorized Shares by 4.386 Billion Shares (4,386,000,000).
  • Brandon White, President and Chairman of Kona Gold Beverages, Inc., expressed, "I am thrilled to lead Kona Gold into this new era.
  • Under new management, the company is now singularly focused on the growth of Kona Gold's beverages, specifically its Kona Gold Energy Drinks.
  • Embracing a fresh start, Kona Gold Beverage is poised to reposition itself in the market, concentrating on the growth and success of its flagship brand, Kona Gold.

Kona Gold Beverage, Inc Post Record Revenue for Q1 in 2023

Retrieved on: 
Tuesday, April 11, 2023
KGKG, Kona Gold, Sale, Projection, Gold, SKU, Growth, Annual report, Tea, Q3, Q2

MELBOURNE, FL, April 11, 2023 /PRNewswire/ -- Kona Gold Beverage, Inc. (OTCPK: KGKG), a holding company focused on product development and distribution in the better-for-you and functional beverage sector is pleased to announce the Company posted record quarterly revenue in Q1 of 2023.  Kona Gold Beverage posted combined gross revenues of its subsidiaries of just under $1.3M.  With the first three months generally being the slower months in the beverage industry, posting a record quarter in Q1 signifies the continued growth and strength the Company is experiencing.  As the Company's two subsidiaries, Kona Gold, LLC and Gold Leaf Distribution, LLC ramp up for the busy season in Q2 and Q3, they are on track to hit their $6.8-$7M revenue projections for 2023.

Key Points: 
  • Kona Gold Beverage posted combined gross revenues of its subsidiaries of just under $1.3M.
  • As the Company's two subsidiaries, Kona Gold, LLC and Gold Leaf Distribution, LLC ramp up for the busy season in Q2 and Q3, they are on track to hit their $6.8-$7M revenue projections for 2023.
  • Kona Gold Beverage recently posted its audited annual report (10-K), where the Company reported a 79% increase in revenue for fiscal year 2022 over 2021.
  • "I am pleased to announce to our stockholders that Kona Gold Beverage continues to have impressive growth and continues to post record revenue quarters," stated Robert Clark, CEO of Kona Gold Beverage, Inc. "We have started off 2023 strong and we anticipate a very strong Q2 and Q3 across both subsidiaries.

Kona Gold Beverage, Inc Launches Ooh La Lemin Lemonades in Tennessee

Retrieved on: 
Wednesday, March 15, 2023
Sale, Wine, Lipman, KGKG, SKU, Kona Gold, Walmart, Beer, Grocery store

MELBOURNE, Fla., March 15, 2023 /PRNewswire/ -- Kona Gold Beverage, Inc. (OTCPK: KGKG), a holding company focused on product development and distribution in the better-for-you and functional beverage sector is pleased to announce its team officially launched Ooh La Lemin Lemonades with its distribution partner, Lipman Brothers, in Tennessee. Lipman Brothers cover key markets throughout Tennessee and has started distributing Ooh La Lemin to Walmart and other grocery and convenience store chains. Kona Gold's team had a very successful launch this month working with Lipman Brothers sale's team selling several hundred cases of Ooh La Lemin over 3 days.

Key Points: 
  • Lipman Brothers cover key markets throughout Tennessee and has started distributing Ooh La Lemin to Walmart and other grocery and convenience store chains.
  • Kona Gold's team had a very successful launch this month working with Lipman Brothers sale's team selling several hundred cases of Ooh La Lemin over 3 days.
  • Kona Gold Beverage recently announced its popular Ooh La Lemin Lemonades will be available for sale in Town Pump convenience stores in Montana.
  • Kona Gold's distribution partner, Hayden Beverage, will be distributing Ooh La Lemin to Town Pump Convenience Stores.

Kona Gold Beverage, Inc Announces Record Revenue Month in January Eclipsing Half a Million Dollars for the First Time

Retrieved on: 
Thursday, February 2, 2023
Gold, Woodman's, Kona Gold, Gold leaf, Growth, KGKG, McHenry, Bottled water

During the same month last year, Kona Gold Beverage had approximately $275,000 in revenue.

Key Points: 
  • During the same month last year, Kona Gold Beverage had approximately $275,000 in revenue.
  • The Company hit its revenue targets in January for both its subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC.
  • Gold Leaf Distribution had a record revenue month in January and they continue to see outstanding growth with popular new products it distributes in addition to the new convenience and grocery chain partnerships.
  • Kona Gold Beverage recently announced it has signed a distribution agreement with Illinois based distributor, Norman Distribution.

Kona Gold Beverage, Inc's Gold Leaf Distribution Partners with Convenience Store Chain to Distribute Beverages to all North and South Carolina Locations

Retrieved on: 
Tuesday, January 10, 2023
KGKG, Coffee, OTC, Patrick Dahlheimer, Michaud, Kona Gold, Gold, Soda, Partnership, Growth, New England, Gold leaf, New England Coffee, Operation

Gold Leaf Distribution, a wholly-owned subsidiary of Kona Gold Beverage, will distribute a multitude of non-alcoholic beverage brands to over 100 Convenience stores in North and South Carolina.

Key Points: 
  • Gold Leaf Distribution, a wholly-owned subsidiary of Kona Gold Beverage, will distribute a multitude of non-alcoholic beverage brands to over 100 Convenience stores in North and South Carolina.
  • Beverage brands that Gold Leaf will be Distributing to this chain are Defiance Water, Waiakea Water, Warheads Soda, New England Coffee, and Positive Beverage.
  • Fast forward to 2022 and Gold Leaf Distribution did approximately $3.6M in sales, a sales growth of over 4,000% since 2019.
  • Kona Gold Beverage recently announced its Kona Gold LLC subsidiary signed distribution agreements with Dahlheimer Beverage and Michaud Distributing in the great state of Minnesota.

Kona Gold Beverage, Inc Signs Three Distribution Partners in Oregon, Washington, and Alaska

Retrieved on: 
Tuesday, September 20, 2022
Engineering, Energy & Water Ombudsman, LLC, U.S. Securities and Exchange Commission, OTCQB, Company, Growth, Private Securities Litigation Reform Act, Gold, Energy drink, Forward-looking statement, CEO, Technology, Family, KGKG, Method, Form, Kona Gold, GLOBE, Marketing, Gold leaf, Coffee, Walmart, CBD

Kona Gold has been focused on bringing its beverage portfolio to the West Coast of the United States, recently signing distribution partners in California and Nevada.

Key Points: 
  • Kona Gold has been focused on bringing its beverage portfolio to the West Coast of the United States, recently signing distribution partners in California and Nevada.
  • Kona Gold Beverage recently announced its wholly owned subsidiary, Gold Leaf Distribution LLC, posted record monthly revenue in August.
  • For more information regarding Kona Gold Beverage, please visit:
    Kona Gold Beverage, Inc., a Delaware corporation, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC.
  • Kona Gold Beverage, Inc. recently rebranded its Lemin Lemonade to Ooh La Lemin Lemonade; please visit its website at www.oohlalemin.com .

Kona Gold Beverage, Inc's Subsidiary Gold Leaf Distribution Posts Record Monthly Revenue in August

Retrieved on: 
Monday, September 12, 2022
Engineering, Kona Gold, Energy & Water Ombudsman, LLC, U.S. Securities and Exchange Commission, OTCQB, Company, Growth, Private Securities Litigation Reform Act, Partnership, Gold, Energy drink, Forward-looking statement, CEO, Technology, Family, KGKG, Method, Form, GLOBE, Marketing, Gold leaf, Coffee, CBD

Gold Leaf expects to see continued growth throughout the rest of the year as it continues to have record revenue growth in 2022.

Key Points: 
  • Gold Leaf expects to see continued growth throughout the rest of the year as it continues to have record revenue growth in 2022.
  • Kona Gold LLC, the Company's beverage brand subsidiary, recently hired a Territory Manager in the state of Michigan.
  • For more information regarding Kona Gold Beverage, please visit:
    Kona Gold Beverage, Inc., a Delaware corporation, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC.
  • 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’s Ooh La Lemin Lemonades to be Sold in Winn-Dixie Stores

Retrieved on: 
Tuesday, May 17, 2022
KGKG, Winn-Dixie, Plaid Pantry, Engineering, Form, Company, Private Securities Litigation Reform Act, Walmart, U.S. Securities and Exchange Commission, Family, WDI, Energy drink, Ministry of Energy, Water Resources and Irrigation (Nepal), Marketing, Hy-Vee, Method, Forward-looking statement, Technology, LLC, OTCQB, CEO, GLOBE, Soft drink, Grocery store, Coffee, CBD, Kona Gold

This marks the second major Grocery/Supermarket chain the Company has announced in 2022 where Ooh La Lemin will be sold.

Key Points: 
  • This marks the second major Grocery/Supermarket chain the Company has announced in 2022 where Ooh La Lemin will be sold.
  • The Companys Ooh La Lemin Lemonades are currently sold in popular chains such as Walmart, Wawa, Woodmans, Plaid Pantry, Piggly Wiggly, Coborns, Hyvee, and others.
  • During the three-day kickoff, the Kona Gold team and WDI team sold over 2,000 cases of Ooh La Lemin into key accounts.
  • Kona Gold Beverage, Inc. recently rebranded its Lemin Lemonade to Ooh La Lemin Lemonade; please visit its website at www.oohlalemin.com .