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Kona Gold Beverage Inc - KGKG STOCK NEWS

Welcome to our dedicated news page for Kona Gold Beverage (Ticker: KGKG), a resource for investors and traders seeking the latest updates and insights on Kona Gold Beverage.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kona Gold Beverage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kona Gold Beverage's position in the market.

Rhea-AI Summary
Kona Gold Beverages, Inc. prepares for its first production run set to launch on May 17, 2024, introducing HighDrate D9 Drinks in Watermelon and Blueberry/Lemonade flavors to cater to health-conscious consumers. The company's partnership with Surge Distribution Company aims to enhance product accessibility, while a website refresh underscores its commitment to innovation and shareholder communication.
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Rhea-AI Summary
Kona Gold Beverages, Inc. acquires Surge Distribution from Loud Beverage Group, Inc., with Surge Distribution anticipating achieving $5 million in annual revenue. The acquisition highlights Kona Gold's commitment to expanding its distribution capabilities and footprint in the functional beverage industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.25%
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Rhea-AI Summary
Kona Gold Beverages and Apple Rush Co. have entered into a Joint Venture Agreement to revolutionize the beverage industry. Lena Brewing will manufacture highly anticipated products for Kona Gold Beverages, including the Kona Gold Hemps Energy Drink and Highdrate D9 Seltzer. The partnership aims to bring innovative beverages to market, catering to evolving consumer preferences.
Rhea-AI Impact
Rhea-AI Sentiment
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-4.76%
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Rhea-AI Summary
Kona Gold Beverage, Inc. reports record-breaking quarterly revenue of over $1.5M in Q1 2024, surpassing previous years' total revenue. The company is in talks to acquire a company with $700k revenue in Q1, potentially adding $1M to Q2 revenue projections. New product launches and partnerships are expected to drive further revenue growth.
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End-of-Day
-18.75%
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Rhea-AI Summary
Kona Gold Beverages, Inc. reports revenues of approximately $3 million for 2023, under new management. The company eliminated $1.3 million in debt and reduced authorized shares by 4.386 billion. The introduction of HighDrate D9 Energy Seltzer and focus on Kona Gold Energy Drinks aim to enhance shareholder value through revenue growth and strategic acquisitions.
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Rhea-AI Sentiment
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-5%
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Rhea-AI Summary
Kona Gold Beverages, Inc. (KGKG) announces Covert 's groundbreaking products, including Federally Legal D9 Gummies and a new eCommerce platform. The strategic enhancements aim to elevate consumer satisfaction and drive sustained growth. HighDrate's New D9 Energy Seltzer images are also revealed, showcasing enticing flavors like Blue Raspberry and Pina Colada.
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Rhea-AI Sentiment
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5.56%
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Kona Gold Beverage, Inc. acquires Covert LLC, a leading CPG company specializing in high-quality Delta-8, THCa, THC-P, and Kratom products. The acquisition marks a strategic milestone with ambitions for $1 million monthly sales. Covert LLC has generated over $5 million in annual sales and is set for exceptional growth under Kona Gold's ownership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.56%
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Rhea-AI Summary
Kona Gold Beverages, Inc. (KGKG) achieves Current Information Status, unveils new can designs for HighDrate D9 Drink, and actively negotiates with acquisition candidates. The company focuses on transparency, quality, and growth in the functional beverage market.
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Rhea-AI Sentiment
End-of-Day
17.95%
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Kona Gold Beverages, Inc. announces the launch of HighDrate D9 Seltzer Drink line, a vegan, gluten-free product infused with 10mg of THC. The rebranding aims to meet consumer preferences and enhance shareholder value.
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Rhea-AI Sentiment
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11.11%
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Kona Gold Beverages, Inc. (KGKG) updates its status with OTC Markets, announces new management team participation at the SE Petro Show, and plans to relocate its headquarters to Melbourne, FL. The company aims to connect with industry leaders, suppliers, and retailers, expand its product line, and enhance operational efficiency for sustained success in the hemp-infused beverage market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
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Kona Gold Beverage Inc

OTC:KGKG

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KGKG Stock Data

5.15M
2.42B
3.64%
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United States
Melbourne