Kona Gold Beverage Inc Stock Price, News & Analysis

Kona Gold Beverage, Inc. (OTCQB: KGKG) announced that its Ooh La Lemin Lemonades will be launched in Walmart stores across the U.S. starting June 2022. This significant development will enhance the company's distribution capabilities and support its goal of national brand recognition. Currently available in stores like Wawa and Piggly Wiggly, the lemonades will be featured in modular sets in Walmart's cooler sections. The company has exceeded its revenue targets in early 2022 and projects to reach $8-$10 million for the year.

Kona Gold Beverage (OTCQB: KGKG) announces strong January revenue of approximately $215,000 and gross margins of 31%, marking the highest revenue month for its subsidiary, Gold Leaf Distribution. Two out of three locations turned a profit, with a new site in Conway, SC nearing profitability. The company has secured distribution to 52 Quik Trip locations in South Carolina starting February. Additionally, Kona Gold will launch its Ooh La Lemin Sparkling Lemonade next week, with a large portion already presold.

Kona Gold Beverage (OTCQB: KGKG) reported significant growth in 2021, achieving approximately $2.55 million in revenue, meeting projections. Key factors included the acquisition of Ooh La Lemin and the expansion of Gold Leaf Distribution, which saw a 325% revenue increase. The company projects 2022 revenues between $8-$10 million, driven by new product launches and strategic partnerships. Efforts are underway to rebrand products and enhance marketing. The company is also preparing for a potential uplisting to a national stock exchange.

Kona Gold Beverage, Inc. (OTCQB: KGKG) announced record revenues of approximately $236,000 for November 2021, marking a remarkable 330% increase year-over-year. Its subsidiary, Gold Leaf Distribution, contributed significantly, achieving over $183,000 in sales. The company anticipates further growth, projecting monthly revenues exceeding $300,000 by early 2022, aided by expanding operations and product launches, including the new Ooh La Lemin Sparkling Lemonade. CEO Robert Clark expressed optimism about exceeding 2021 revenue projections.

Kona Gold Beverage, Inc. (OTCQB: KGKG) is set to launch its new beverage line, Ooh La Lemin Sparkling Lemonade, in early Q1 2022. This product, available in six flavors and made from all-natural ingredients, is gluten and GMO free, containing only 10 low calories. The company anticipates significant growth in the Sparkling Water market, projected to reach nearly $34 billion in the U.S. by 2021. Kona Gold has secured commitments from distributors and plans to market through various channels, including social media and advertisement in United Airlines magazine.

Kona Gold Beverage, Inc. (OTCQB: KGKG) announced the launch of a new ecommerce website for its Ooh La Lemin Lemonade brand, resulting in a 3-5x sales increase at previous locations. Ooh La Lemin is now available on Amazon.com and will soon launch on Walmart.com. The company is ramping up social media marketing efforts, collaborating with influencers, and expects to fulfill Amazon orders through its own warehouses initially. CEO Robert Clark emphasized the strong demand for the lemonade, highlighting its status as a low-calorie option.

Kona Gold Beverage (OTCQB: KGKG) reported record revenue of approximately $327,000 in October 2021, making it their highest October revenue to date and third best month of the year. Kona Gold LLC and Gold Leaf Distribution LLC contributed $151,000 and $176,000 in revenues, respectively. The company is on pace to meet its projected 2021 revenues of $2.5 million to $3 million. Following a strong Q3 with $890,000 in revenue, the CEO expressed confidence in continuing growth, new product launches, and expansion of operations.

Kona Gold Beverage, Inc. (OTCQB: KGKG) announced record revenues for September and Q3 2021. Gold Leaf Distribution achieved approximately $150,000 in September revenue, a 25% increase from the previous record, and $380,000 for the quarter, marking a 16% increase. Total revenue for the first three quarters reached around $890,000. The company signed a new warehouse lease in Conway, SC, expanding its distribution coverage to 75-80% of South Carolina. Kona Gold reported its highest third-quarter revenue in company history and plans to hire additional staff.

Kona Gold Beverage, Inc. (OTCQB: KGKG) announced the expansion of its subsidiary, Gold Leaf Distribution, into Myrtle Beach, SC. This new location, effective October 1, 2021, will enhance distribution capabilities, allowing coverage of 75-80% of South Carolina. Gold Leaf's revenues surged from $330,000 in 2020 to over $770,000 in the first nine months of 2021, with a projection of $1.2 million by year-end and $3.5-$5 million in 2022. The company is hiring staff for the Conway, SC warehouse, aiming for further expansion into regions like Tampa and Jacksonville.