KGKG

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 Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal

Retrieved on: 
Tuesday, March 26, 2024
E-commerce, Culture, Growth, Entrepreneurship, KGKG, Safety, Private investigator

MELBOURNE, FL, March 26, 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, proudly joins in the announcement of Covert LLC's latest advancements, poised to redefine industry standards and bolster shareholder confidence.

Key Points: 
  • Under the astute leadership of visionary entrepreneur Jared Fisher, Covert LLC unveils its newest offerings, notably the long-awaited Federally Legal D9 Gummies.
  • Covert LLC takes great pride in introducing its long-awaited eCommerce platform which will be going live in the coming weeks.
  • "With the introduction of our Federally Legal D9 Gummies and the up-and-coming eCommerce platform, we are poised to elevate consumer satisfaction and drive sustained growth."
  • With an unwavering dedication to delivering premium, health-conscious products, Covert LLC is positioned for continued success in the dynamic hemp-derived goods market.

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 Beverages, Inc. Achieves Current Information Status and Unveils New HighDrate D9 Drink Can Designs

Retrieved on: 
Tuesday, March 5, 2024
KGKG, Acquisition, Growth, Letter, Creativity

MELBOURNE, Fla., March 5, 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 proud to announce that it has obtained Current Information Status in an expedited manner, rectifying previous management's oversights. This achievement underscores the company's commitment to transparency and regulatory compliance, laying a solid foundation for future growth and expansion.

Key Points: 
  • In addition to this milestone, Kona Gold is excited to unveil the eagerly anticipated new can designs for its flagship product, the HighDrate D9 Drink.
  • "We are thrilled to achieve Current Information Status and unveil our stunning new can designs for the HighDrate D9 Drink," said Brandon White, Chairman of Kona Gold Beverages, Inc. "These developments represent significant milestones in our journey to deliver exceptional products and drive shareholder value.
  • Additionally, our ongoing negotiations with potential acquisition targets underscore our commitment to strategic expansion and positioning Kona Gold for long-term success."
  • For more information regarding Kona Gold Beverage, please visit: https://konagoldbeverage.com .

Kona Gold Beverages, Inc. Unveils Exciting Rebranding: Introducing HighDrate D9 Seltzer Drink Line

Retrieved on: 
Tuesday, February 20, 2024
Citric acid, KGKG, Colada, Growth, Relaxation, THC, Taste, Drink, Blue Raspberry, Soft drink

ROCKLEDGE, Fla., Feb. 20, 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 a significant transformation in its product lineup with the launch of HighDrate D9 Seltzer Drink line. This rebranding marks a strategic shift towards innovation and meeting evolving consumer preferences.

Key Points: 
  • The HighDrate line has cultivated an incredibly loyal following among consumers, demonstrating its potential as a valuable asset for Kona Gold.
  • The new HighDrate D9 Seltzer Drink line replaces the HighDrate's CBD Energy Waters, offering consumers a refreshing and exhilarating experience with each sip.
  • Moreover, HighDrate D9 Seltzer Drinks uphold Kona Gold Beverages, Inc.'s commitment to ethical sourcing and consumer satisfaction.
  • For more information about HighDrate D9 Seltzer Drinks and Kona Gold Beverages, Inc., please visit https://konagoldbeverage.com/

Kona Gold Beverage Announces Participation of New Management Team at SE Petro Show in Myrtle Beach Exhibiting Rebranded Kona Gold Energy Drinks

Retrieved on: 
Thursday, February 15, 2024
Petro, Dark, Defunct, Record, KGKG, Growth, Documentation, White, Security (finance)

ROCKLEDGE, Fla., Feb. 15, 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, proudly announces the participation of its new management team at the upcoming SE Petro Show in Myrtle Beach on March 6th and 7th.

Key Points: 
  • "We are thrilled to have our new management team attend the SE Petro Show," said Brandon White of Kona Gold Beverage.
  • As we continue to expand our product line and explore new avenues for growth, the SE Petro Show aligns perfectly with our strategic objectives."
  • In addition to its participation at the SE Petro Show, Kona Gold Beverage announces plans to relocate its headquarters to new facilities in Melbourne, FL.
  • "Moving to new facilities in Melbourne represents an exciting chapter for Kona Gold Beverage," added White.

Kona Gold Beverage, Inc. Unleashes Exciting Rebrand of Its Popular Energy Drinks - Get Ready for a New Wave of Vitality

Retrieved on: 
Wednesday, February 7, 2024
Candy apple, Growth, Energy, Classic, Cotton candy, Caffeine, Marketing, Grapefruit, KGKG, Social media, White, Gold

MELBOURNE, Fla., Feb. 7, 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 unveil the launch of its newly rebranded Kona Gold Energy Drinks, set to hit shelves in March 2024 with a fresh, modern look that's bound to captivate. The Company has finalized purchase orders for digitally printed cans that epitomize Kona Gold's dedication to forward-thinking innovation and visually compelling design.  The Company's popular energy drinks will debut in four fan-favorite flavors: Candy Apple, Cherry Vanilla, Cotton Candy, and Platinum, with its Classic and Pink Grapefruit varieties following suit in Q2.

Key Points: 
  • The Company has finalized purchase orders for digitally printed cans that epitomize Kona Gold's dedication to forward-thinking innovation and visually compelling design.
  • The Company's popular energy drinks will debut in four fan-favorite flavors: Candy Apple, Cherry Vanilla, Cotton Candy, and Platinum, with its Classic and Pink Grapefruit varieties following suit in Q2.
  • Under the guidance of its new visionary management team, Kona Gold is ramping up for an explosive reentry into the market.
  • Brandon White, Kona Gold Beverage, Inc.'s President and Chairman, shares the enthusiasm of its shareholders and consumers for this new chapter.

Kona Gold Beverage's Strategic Direction and Shareholder Value

Retrieved on: 
Tuesday, January 30, 2024
Partnership, Development, Feedback, KGKG, News, Heart, Communication, Growth

We're reaching out with significant news from Kona Gold Beverage.

Key Points: 
  • We're reaching out with significant news from Kona Gold Beverage.
  • We're embarking on a new phase focused on revitalizing our operations and driving tangible value for you, our shareholders.
  • We're on a mission to raise capital in a way that preserves shareholder value.
  • For more information regarding Kona Gold Beverage, please visit:

Kona Gold Beverages, Inc. Signals Strategic Growth with $5 Million Non-Dilutive Credit Line

Retrieved on: 
Tuesday, January 23, 2024
Drink, KGKG, Growth, Security (finance)

Under the visionary leadership of the new management team, Kona Gold Beverages, Inc. is taking a bold step towards sustained growth.

Key Points: 
  • Under the visionary leadership of the new management team, Kona Gold Beverages, Inc. is taking a bold step towards sustained growth.
  • The $5 million credit line is non-dilutive, meaning it does not have the option to convert into shares of the company.
  • Strategic Credit Line: The $5 million non-dilutive credit line will be used for production growth, market share expansion, and potential acquisitions.
  • Kona Gold Beverages, Inc. is poised for an exciting phase of growth, and this strategic financial move underlines the company's dedication to responsible expansion and shareholder value.

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.