Kona Gold Beverage Inc Stock Price, News & Analysis

Kona Gold Beverage, Inc. (KGKG) announced a new distribution agreement with J&K Distribution for its Ooh La Lemin Lemonades in Santa Clara and San Mateo counties, California. This partnership follows another recent agreement with SEI, Inc., aiming for 100% direct store delivery (DSD) coverage in the U.S. within 2-3 years. J&K Distribution has a solid presence in the Bay Area, serving major retailers like Safeway and Walmart, enhancing Kona Gold's visibility in the market.

Kona Gold Beverage (OTC: KGKG) announces expansion for its subsidiary, Gold Leaf Distribution, into North Carolina while closing its Conway, SC branch. The partnership with a national convenience store chain will deliver a range of non-alcoholic beverages to over 100 stores across the Carolinas. Gold Leaf's sales surged from $83,000 in 2019 to approximately $3.6M in 2022, forecasting $4.5M in 2023. The Conway branch was shut down due to a net loss of $340,000, facilitating strategic growth in profitability.

Kona Gold Beverage, Inc. (OTC: KGKG) has signed distribution agreements with Dahlheimer Beverage and Michaud Distributing to expand its Ooh La Lemin Lemonades in Minnesota. Dahlheimer, a family-owned distributor servicing 4,800 customers across 54 counties, and Michaud, covering Minnesota and Northern Wisconsin, will help boost Kona Gold's market presence. The company reported a record revenue month in December 2022, exceeding $400,000, and a quarterly revenue of approximately $1,190,000, marking its second strongest quarter in history.

Kona Gold Beverage (OTCQB: KGKG) reported a record revenue month for December 2022, exceeding $400,000, marking a strong finish to a successful year. The company's quarterly revenue reached approximately $1,190,000, its second best ever. Revenue increased by 172% from 2020 to 2021 and is expected to rise by about 80-85% from 2021 to 2022. The growth is credited to strong sales in the Ooh La Lemin Lemonade brand and the Gold Leaf Distribution subsidiary, which also reported record revenue of $362,000 in November.

Kona Gold Beverage (OTCQB: KGKG) announced record revenue for its subsidiary, Gold Leaf Distribution, reaching approximately $362,000 in November 2022, doubling the prior year's revenues. The company anticipates total revenue of about $3.5 million for 2022, marking a 146% increase from 2021. The subsidiary distributes over 300 products to more than 1,700 customers, including major chains like Walmart and Target. Furthermore, Kona Gold is expanding its beverage portfolio with new marketing and distribution strategies through an agreement with Strategy & Execution Inc.

Kona Gold Beverage (OTCQB: KGKG) has partnered with Strategy & Execution Inc (SEI) to enhance growth within its beverage portfolio over the next three years. SEI will manage sales, distribution, and strategy for Kona Gold, leveraging its extensive market relationships. Concurrently, Kona Gold has initiated the rollout of its Ooh La Lemin Lemonades in over 250 Walmart Supercenters across 12 states, including Alaska and California. The partnership aims to optimize market penetration and streamline execution in retail channels.

Kona Gold Beverage, Inc. (OTCQB: KGKG) has begun the roll out of its Ooh La Lemin Lemonades in over 250 Walmart Supercenters across 12 states, enhancing its market presence. Following new distribution agreements, the company reports selling out of 3 flavors, indicating strong demand. A new Store Locator feature on their website will help consumers find product availability. The company aims to expand further into the West Coast market, following successful partnerships in states like California and Oregon.

Kona Gold Beverage (OTCQB: KGKG) announced new distribution agreements in Alaska, Oregon, and Washington, expanding its market presence in the western U.S. by partnering with Hayden Beverage Company, the largest distributor in Idaho and Montana. This collaboration will distribute its Ooh La Lemin Lemonades starting in late 2022 into 2023. The company's CEO, Robert Clark, expressed optimism about ongoing expansion efforts and noted participation at the 2022 NACS Show for networking and finding new distribution partners.

Kona Gold Beverage, Inc. (OTCQB: KGKG) is expanding its market presence by partnering with three new distributors in Oregon, Washington, and Alaska, enhancing the reach of its Ooh La Lemin Lemonades. This addition complements their recent partnerships in California and Nevada, targeting a total of approximately 600 Walmart stores for modular space. The company's distribution subsidiary, Gold Leaf Distribution, reported a record monthly revenue of $348,000 in August 2022, driven by a growing sales team and product demand. Kona Gold plans to showcase at the upcoming NACS Show in Las Vegas.