Kona Gold Solutions, Inc. Reports Sales Results for the Month of October 2018; Provides Earnings Guidance for the Fourth Quarter of 2018
November 07, 2018 at 09:00 am EST
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Kona Gold Solutions, Inc. reported sales results for the month of October 2018. For the month, the company reported a 225% increase in revenue from the previous month on $32,000 in sales.
The company forecasted $153,000 in revenue for fourth quarter with $56,000 in gross profit.
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. 