Kona Gold Solutions, Inc. Provides Revenue Guidance for the Second Quarter and Third Quarter of 2019
August 19, 2019 at 09:45 am EDT
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Kona Gold Solutions, Inc. provided revenue guidance for the second quarter and third quarter of 2019. Kona Gold Solutions, Inc. announced it has beat Second Quarter projected revenue of $400,000 by $329,000 on revenue of $729,000. Sales from the Company’s Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters beat Company estimates by a huge margin. The signing of 16 new distribution partners, the launch of two new Kona Gold Hemp Energy Drink flavors, and the strong demand for the Company’s products during the second quarter of 2019 pushed revenue to new heights. Kona Gold continues to have impressive growth in the third quarter of 2019. During the current quarter, the Company has added 14 new distribution partners, with several more in negotiation, continues to expand market presence in new states, and announced the recent partnership with the American Breast Cancer Foundation, in which the Company will launch its all new Kona Pink beverage, a Pink Grapefruit Flavored Hemp Energy Drink, at the end of September. Kona Gold has set projected revenue of $800,000 for the third quarter.
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. 