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Kona Gold Beverage, Inc. - $KGKG STOCK NEWS

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

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. 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
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Rhea-AI Summary
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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Rhea-AI Summary
Kona Gold Beverages, Inc. is revolutionizing its energy drink products with a new cutting-edge digital can design and a modern rebranding. The company has finalized purchase orders for digitally printed cans and is set to launch its energy drinks in March 2024. The new products will feature four fan-favorite flavors initially, with more to come in the future. Kona Gold is also launching a sleek new ecommerce platform to connect with customers and is securing distribution partners to ensure widespread availability. The company's President and Chairman, Brandon White, is excited about the upcoming launch and has spearheaded the production effort to ensure market readiness and competitive edge. The company has also made significant financial improvements, including eliminating debt, reducing authorized shares, and securing a $5 million line of credit to support its growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8%
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Rhea-AI Summary
Kona Gold Beverages, Inc. (KGKG) announces strategic initiatives to revitalize operations, engage with shareholders, and expand product offerings. The company reassures shareholders about the absence of an immediate reverse stock split and emphasizes transparency. The recent $5 million credit line is aimed at non-dilutive capital deployment for product rebranding and new beverage development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.18%
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Rhea-AI Summary
Kona Gold Beverages, Inc. secures a $5 million non-dilutive credit line to drive production growth, expand market share, and explore potential acquisitions. The company emphasizes its commitment to preserving shareholder value and responsible financial stewardship under new management. Additionally, the company has eliminated $1.3 million in debt and reduced its authorized shares by 4.386 billion shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
106.67%
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Rhea-AI Summary
Kona Gold Beverage, Inc. announces a financial restructuring that eliminates $1.3 million in debt and reduces authorized shares by 4.386 billion. The company also appoints new leadership, with Brandon White as President and Chairman and Jermain Strong as the new CEO and Director. The changes aim to fortify the company's financial position and optimize corporate governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
160%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
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Rhea-AI Sentiment
End-of-Day
-4.65%
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Rhea-AI Sentiment
End-of-Day
-1.92%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.48%
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Kona Gold Beverage, Inc.

OTC:KGKG

KGKG Rankings

KGKG Stock Data

5.15M
2.42B
3.64%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
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United States of America
Melbourne