Kona Gold Beverage Inc (OTCMKTS: KGKG) has been making steady moves northbound as the Company signs two new distribution agreements with Dahlheimer Beverage and Michaud Distributing in the great state of Minnesota. This follows the Company’s announcement earlier this week reporting it has closed out 2022 with a record revenue month in December compared to all previous Decembers in Company history with approximate revenues of just over $400,000. Kona Gold Beverage also finished the quarter with approximately $1,190,000 in revenue, its second strongest quarter in Company history. Earlier this year Walmart started selling Kona Gold Beverages in its brick-and-mortar stores as well as its online store adding to retailers such as Wawa, Plaid Pantry, Piggly Wiggly, Coborn’s, Hy-Vee and others.
KGKG has a long history of making big moves running to $0.15 in 2019 and from current levels to a high of $0.0335 in March of last year. Currently making a big move towards copperland, KGKG revenues have picked up dramatically and the Company is getting noticed by investors. Things are expected to ramp up even more with CEO Robert Clark recently saying that “Our strong December is only a preview to what is coming down the pipe for 2023. We are looking forward to starting out the year very strong with a big uptick in Ooh La Lemin Lemonade sales and continued growth with our distribution subsidiary.” We will be updating on KGKG when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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Kona Gold Beverage Inc (OTCMKTS: KGKG) a Delaware corporation, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC. Kona Gold Beverage’s distinctively diverse portfolio of lemonades, hemp energy drinks, and CBD energy waters have taken the industry by storm. The Company’s eye-catching branding and innovative flavors, along with its corporate culture and philosophy at Kona Gold Beverage is what has set Kona Gold and its brands apart within the beverage industry. The Company and its family of companies are located on the east coast of Florida in Melbourne and in Greer and Conway South Carolina.
The Company is led by its CEO Robert Clark, a businessperson who founded Elev8 Hemp LLC and Kona Gold LLC and who has been the head of 5 different companies. Currently, he occupies the position of Chairman, President, CEO & Secretary at Kona Gold Beverage, Inc., Chief Executive Officer for Kona Gold LLC and President for Elev8 Hemp LLC (both are subsidiaries of Kona Gold Beverage, Inc.) and Chairman & Chief Executive Officer at Loud Beverage Group, Inc. Robert Clark is also Member of Hemp Industries Association. Rounding out the management team at Kona Gold are CFO Lori Radcliffe, CFO Christopher Selinger, and VP of Sales Bill Stineman.
Kona Gold’s brands include its recently rebranded Ooh La Lemin Lemonade, an all-natural better for you lemonade with Vitamin C and only 10 calories per 12 oz can. It costs $26 for a 12 pack and comes in OOH LA Lemin Strawberry Lemonade, OOH LA Lemin Blue Raspberry Lemonade, OOH LA Lemin Original Lemonade, OOH LA Lemin Peach Lemonade, Sparkling OOH LA Lemin Citrus Splash Lemonade, Sparkling OOH LA Lemin Pineapple Mango Lemonade, Sparkling OOH LA Lemin Huckleberry Lemonade, and Sparkling OOH LA Lemin Cucumber Watermelon Lemonade. Ooh La Lemin Lemonade has all natural ingredients, real juice, zero sugar, and is a great tasting, healthy beverage with loads of delicious flavor.
Kona Gold’s HighDrate, LLC has developed the beverage industry’s first CBD-Infused Energy Water, available in 6 delicious flavors including Blue Island Punch, Georgia Peach, Kiwi Strawberry, Sour Apple, Tropical Coconut, and Watermelon. HighDrate is not only a great source of Cannabidiol, but it is powered by Alkame Technology. Alkame uses an advanced water treatment technology to create a premium oxygenated alkaline water, with natural antioxidants, that tastes great and offers more benefits than regular water. Alkame’s proven double-blind placebo, peer-backed research, has shown Alkame can boost the immune system and physical performance. HighDrate offers the perfect dose of caffeine that will fuel your body and brain the not only keeps you hydrated, but provides you with the focus you need.
Gold Leaf Distribution, LLC was created to fill the Company’s distribution needs in markets that it wants to enter quickly. Gold Leaf currently distributes products in the the great states of Florida and South Carolina covering several counties in each state. The Company’s mission is to provide high quality products and top-notch customer service within the distribution industry. Gold Leaf distribution distributes Aloe Vera King, Bubbl’r, Better Made Chips, Clearly Canadian, Glenwood Snacks, Hog Wash, Flathead Lake Gourmet Sodas, Shine Water, Tropical Fantasy, Ubr Water as well as the Company’s own high alkaline waters, sparkling drinks, energy drinks, lemonades, kid’s drinks, and specialty sodas.
Kona Gold’s revenues are really starting to take off; earlier this week the Company reported it has closed out 2022 with a record revenue month in December compared to all previous Decembers in Company history with approximate revenues of just over $400,000. This is a display of strength in sales as December is generally the slowest month in the beverage industry. Kona Gold Beverage also finished the quarter with approximately $1,190,000 in revenue, its second strongest quarter in Company history.
— simpleman66 (@simplemandude) January 3, 2023
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Earlier this year Walmart started selling Kona Gold Beverages in its brick-and-mortar stores as well as online here. Kona Gold Beverage’s 16-ounce Ooh La Lemin Lemonades, available in four flavors, are sold in modular sets in all stores with 12 foot or wider coolers in select states starting in June 2022, with Kona Gold Beverages hitting Walmart stories nationwide soon according to the Company. Kona Gold’s products are currently sold in popular grocery retailers such as Wawa, Plaid Pantry, Piggly Wiggly, Coborn’s, Hy-Vee and others. The company is also currently in talks with several other national retailers to carry its Ooh La Lemin Lemonades and will update shareholders as those come to fruition.
Kona Gold Beverage had an increase in Revenue of 172% from fiscal year 2020 to 2021 and although the Company is still finalizing numbers, the revenue increase from fiscal year 2021 to 2022 should be approximately 80-85%. This marks two years of solid back-to-back growth. The Company has positioned itself to have another large growth year in 2023 across its subsidiaries.
In November, Kona Gold Beverage announced it entered into an agreement with Strategy & Execution Inc (“SEI”) to accelerate growth of its beverage portfolio over the next three years and beyond. SEI has begun to set meetings with distributors and retail chains around the country. The current relationships and brand portfolio that SEI has in the market will undoubtedly drive the Kona Gold Beverage Brands go-to-market objectives.
Kona Gold Beverage also recently announced its wholly owned subsidiary, Gold Leaf Distribution, posted record revenue in the month of November. Record revenue in November shows strong growth for Gold Leaf Distribution as the winter months are historically the slowest in the beverage industry. Gold Leaf Distribution posted approximately $362,000 in revenue for the month of November. Year-over-year revenue growth in November doubled from the prior year’s revenue, which was approximately $180,000.
Kona Gold Beverage recently announced it closed out 2022 with a record revenue month in December compared to all previous Decembers in Company history with approximate revenues of just over $400,000. This is a display of strength in sales as December is generally the slowest month in the beverage industry. Kona Gold Beverage also finished the quarter with approximately $1,190,000 in revenue, its second strongest quarter in Company history.
On January 4 KGKG announced it has signed distribution agreements with Dahlheimer Beverage and Michaud Distributing in the great state of Minnesota. Dahlheimer and Michaud will be distributing the Company’s quickly growing 12oz sparkling and 16oz non-sparkling Ooh La Lemin Lemonades across the state of Minnesota. Dahlheimer is a third-generation family-owned business, started over 60 years ago, and it has since grown into a full beverage distributor. They run on a passion for the communities they serve, and their team strives to get you the best brands in the industry. Dahlheimer services approximately 4,800 customers across 54 counties in Minnesota reaching from the northern tip to the southern border. Michaud Distributing is a fourth-generation family-owned company. Michaud, also started 60 years ago and pride themselves on superior customer service and cover both Minnesota and Northern Wisconsin.
— Randylus (@randylus) January 5, 2023
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Currently trading at a $7.5 million market valuation KGKG OS is 1,841,368,987 shares outstanding. The Company is an SEC filer that gets their files out in time and is eligible to uplist to OTCQB if they can get and keep the pps over a penny. KGKG is an exciting story developing in small caps; the stock has a history of big moves running from current levels to $0.0335 in March of last year and just recently reported 2 new distribution agreements and record revenues of $400k sales in December. The stock does have a large following and is quickly getting noticed as accumulation continues at current levels just over half a cent. We will be updating on KGKG when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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Disclosure: we hold no position in KGKG either long or short and we have not been compensated for this article.