Kona Gold Solutions Inc (OTCMKTS:KGKG) is up more than 150% over the last 30-days. The stock has caught fire over the last three months as the stock has emerged in the growing hemp beverage sector. Specifically, KGKG has a CBD energy water that checks a lot of the boxes in the industry right now – health-centered and CBD – and the brand is well-established.
KGKG’s stock continues to kick upward as the company predicted record number fourth quarter sales on the horizon. The company is foreseeing a 225% increase in month-over-month revenue as October saw record sales numbers of $32k. KGKG saw an 87% increase in sales on Amazon, which underlines the strong demand that the company’s products continue to elicit. KGKG expects revenue for Q4 to total $153,000, which could lead to a gross profit of $56,000.
Kona Gold Solutions Inc (OTCMKTS:KGKG) promulgates itself as a company that, through its subsidiary, Kona Gold LLC, focuses on the development of hemp energy drinks, energy patches, hemp apparel, and hemp shampoo. KGKG is a premier hemp lifestyle brand focused on product development in the functional beverage sector. Kona Gold Solutions, Inc. has created wholly-owned subsidiaries, Kona Gold LLC and HighDrate, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel. HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors. KGKG has expanded to their new warehouse and office space in Florida that gives the Company the space needed to store and distribute their new hemp energy drink, CBD energy waters, and expand rapidly. It also focuses on engaging in hydroponics activities.
The company is headquartered in Charleston, South Carolina.
According to company materials, “Kona Gold Solutions, Inc., a Delaware Corporation, has created wholly-owned subsidiaries, Kona Gold LLC and HighDrate, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line; please visit the Company’s website at www.konagoldhemp.com. HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors; please visit the Company’s website at www.highdrateme.com. The Companies are located on the east coast of Florida in Melbourne.”
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To help KGKG continue this upward growth trajectory, the company has added a Midwest Sales Manager, Chad Webb. According to the press, Chad Webb comes to Kona Gold with 20 plus years of experience in the beverage industry, specifically working in the beer and energy drink markets. Mr. Webb worked 14 years as an On Premise Sales Manager and Division Manager for one of the largest beer companies in the world where he managed over 400 accounts and produced over 3 million dollars in annual sales.
“I am very excited to announce to our shareholders that we have expanded our sales team with the hiring of Chad Webb, our new Midwest Sales Manager ,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Chad has worked in the beverage industry for over 20 years where he has built key relationships with distribution companies and is a key hire for Kona Gold. Chad will drive efforts to quickly grow market share in the Midwest and he is a fantastic addition to our growing team of seasoned beverage professionals.”
Carrying a current market cap value of $298k, KGKG is continuing to gain traction as the company’s CBD beverage brands increase their footprint. KGKG has seen volume average over 6.5M for the last ten days and the company’s growth seems to be really taking shape before our eyes. We will update the story again as soon as developments transpire. Sign-up for continuing coverage on shares of $KGKG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $KGKG, either long or short, and we have not been compensated for this article.