Kona Gold Beverage, Inc. Provides Revenue Guidance for the Second Quarter and Six Months of 2024
April 09, 2024 at 08:46 am EDT
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Kona Gold Beverage, Inc. provided revenue guidance for the second quarter and six months of 2024. The company is currently in negotiations to acquire a company in the beverage sector that recently achieved over $700,000 in the first quarter and has shown month-over-month revenue growth over the last five months. This acquisition could potentially add another $1 million in revenue for the second quarter of 2024, pushing the second quarter of revenue projections to over $3 million.
The company is on track to surpass all of 2023's revenue of approximately $3 million in just the first two quarters of 2024.
Kona Gold Beverage, Inc. operates through its four subsidiaries, Kona Gold LLC (Kona), HighDrate LLC (HighDrate), Gold Leaf Distribution LLC (Gold Leaf), and Covert LLC. Kona focuses on the development and marketing of functional and better-for-you beverages: Ooh La Lemin Lemonades that are available in a variety of sparkling and non-sparkling flavors and Kona Gold Energy Drinks that are low-to-zero calorie functional beverages that are high in B vitamins, amino acids, and omegas. HighDrate focuses on the development and marketing of Cannabidiol (CBD)-infused energy waters geared to the fitness and wellness markets. Gold Leaf focuses on the distribution of premium beverages and snacks in key markets. Covert LLC operates in the consumer packaged goods (CPG) market and specializes in high-potency Delta-8, THCa, THC-P, and Kratom products. The Company sells its products through resellers. The Company's other subsidiary, Surge Distribution LLC, which is a premiere distribution company.
KONA GOLD BEVERAGE, INC. 
