Kona Gold Beverage Inc Stock Price, News & Analysis

Kona Gold Beverage (OTCQB: KGKG) has expanded its beverage portfolio into new markets by signing distribution partnerships in California, Illinois, and Nevada for its Ooh La Lemin lemonades. This marks a significant westward expansion, with California's distributor covering 20 counties and Nevada's distributor covering the entire state. The company reports its second-quarter gross revenue reached approximately $1,230,000, a 15% increase from the previous quarter and a 44% increase from Q2 2021. Kona Gold aims to double its 2022 revenue compared to 2021, leveraging new distribution channels and expanded sales team.

Kona Gold Beverage (KGKG) announced record gross revenues of approximately $1,230,000 for Q2 2022, marking a 15% increase from Q1 and a 44% rise year-over-year. The success is attributed to its subsidiary Gold Leaf Distribution, generating about $955,000, while Kona Gold LLC contributed around $275,000. Despite delays in rolling out the new Sparkling Ooh La Lemin Lemonades to a national retailer, the company remains optimistic about growth and expansion into new markets.

Kona Gold Beverage, Inc. (KGKG) reported its highest monthly gross revenue of approximately $480,000 in May 2022, sparked by strong performance from its subsidiaries, notably Gold Leaf Distribution. The company is set to launch its Ooh La Lemin Lemonades in Walmart across various states starting June. CEO Robert Clark expressed optimism about achieving or exceeding 2021 revenues within the first half of 2022, showcasing significant growth in market share and sales momentum.

Kona Gold Beverage, Inc. (OTCQB: KGKG) is expanding the availability of its Sparkling Ooh La Lemin Lemonades with new listings in Winn-Dixie stores across Florida starting in Q3 2022. This marks the second major retail partnership for the company this year, following a successful launch in Wisconsin where over 2,000 cases were sold. The initiative reflects Kona Gold's strategy to enhance its brand presence nationally, particularly in Florida, and its ongoing efforts to secure additional distribution deals.

Kona Gold Beverage, Inc. (KGKG) recently launched its new Sparkling Ooh La Lemin in Wisconsin, selling over 2,000 cases in just three days. This successful kickoff involved partnerships with major retailers like Walmart and Woodman’s. The company plans to expand its distribution network, targeting states including Alabama, California, and Georgia, while enhancing sales support through territory representatives. Additionally, Kona Gold formed a partnership with Wine & Beverage Merchants to distribute in West Virginia, broadening its market reach.

Kona Gold Beverage, Inc. (OTC Pink: KGKG) has announced a partnership with Wine & Beverage Merchants of West Virginia to distribute its Ooh La Lemin Lemonades throughout the state. This partnership marks a significant expansion for the brand, which will be available in Walmart and other local chains. Additionally, Kona Gold reported gross revenues exceeding $1 million in Q1 2022, achieving a key milestone in its growth trajectory. The first truckload of Ooh La Lemin is scheduled for delivery this week, with plans for a formal kickoff event soon.

Kona Gold Beverage (OTC Pink: KGKG) reported over $1 million in revenue for Q1 2022, marking a significant milestone for the company. March saw revenues of approximately $310,000 from its distribution subsidiary, Gold Leaf, exceeding projections by 19%. Despite missing overall Q1 projections by about $60,000, CEO Robert Clark anticipates a revenue increase from their Ooh La Lemin product line due to upcoming distribution deals with Walmart. The company is in discussions with national retailers for further expansion.

Kona Gold Beverage, Inc. (KGKG) announces the nationwide rollout of its new Sparkling Ooh La Lemin Lemonades in Walmart stores, starting in South Carolina with 110 locations. The new 12 oz sparkling lemonades, available in six flavors, complement the non-sparkling versions that will also be sold in Walmart by June 2022. The company recently exceeded its revenue forecast for February 2022, achieving approximately $345,000 against a projected $325,000, and aims for over $1 million in Q1 revenue.

Kona Gold Beverage, Inc. (KGKG) announced the successful launch of its Sparkling Ooh La Lemin Lemonades, featuring all-natural ingredients, zero sugar, and only 10 calories. Following overwhelming demand at the 2022 SE Petro Show, the company is negotiating with major national retailers. February revenue exceeded projections at approximately $345,000, surpassing the $325,000 target. Kona Gold aims for a revenue milestone of over $1 million in Q1 2022, fueled by its expanded presence in retail outlets.