MELBOURNE, Fla., Aug. 31, 2021 /PRNewswire/ — Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding firm targeted on product improvement within the better-for-you and hemp and CBD practical beverage sector, is happy to announce it has raised $3 million in capital through a Securities Buy Settlement (SPA) with YA II PN, LTD.
Kona Gold Beverage will use the proceeds from the capital elevate to facilitate development throughout the Firm’s subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC. From these proceeds, Kona Gold LLC is rebranding its Kona Gold Hemp Power Line and lengthening its Ooh La Lemin Model product line. Moreover, an in depth advertising and marketing push might be executed for all manufacturers, and Kona Gold might be hiring key positions, akin to Territory Managers and a sequence shops targeted consultant. Gold Leaf Distribution proceeds might be used for opening new distribution operations in new markets, which is able to embody warehouse area, supply automobiles, and a number of new hires.
“We now have skilled incredible development in 2021 throughout all subsidiaries, hitting report revenues in 2021, and this latest spherical of funding will help in accelerating that development,” said Robert Clark, CEO of Kona Gold Beverage, Inc. “We now have numerous thrilling issues occurring throughout the Firm, together with the growth or our group from simply 9 staff in the beginning of 2021 to twenty staff by the tip of the yr. On the beverage aspect, we might be hiring an business knowledgeable with chain retailer expertise and contacts to facilitate development and alternatives into giant chain grocery and comfort shops, and extra Territory Managers. Our group is presently engaged on line extensions for our Ooh La Lemin model, and we might be hiring a nationwide branding agency to steer our efforts in rebranding and refreshing our standard Kona Gold Hemp Power Drink line. We will even be drastically rising our advertising and marketing efforts throughout all manufacturers in an our continued effort to construct model consciousness.”
Clark continued, “Our Gold Leaf Distribution subsidiary has been a vibrant spot throughout the Firm. Gold Leaf has expanded to six staff, 6 beverage vehicles, and two areas. We might be increasing our Gold Leaf operation to incorporate further areas, which is a large enterprise, however now we have created an important mannequin that we will replicate in different markets. Gold Leaf has considerably elevated income in 2021 and we anticipate it to be roughly a $3–5 million greenback Firm in 2022.”
For extra data relating to Kona Gold Beverage, please go to:https://konagoldbeverage.com/
About Kona Gold Beverage, Inc.
Kona Gold Beverage, Inc., a Delaware company, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC. Kona Gold, LLC has developed a premium Hemp-Infused Power Drink line; please go to its web site at www.konagoldhemp.com. HighDrate, LLC has developed the beverage business’s first CBD-Infused Power Water, out there in 6 scrumptious flavors; please go to its web site at www.highdrateme.com. Gold Leaf Distribution, LLC was created to fill the Firm’s distribution wants in markets that it desires to enter shortly; please go to its web site at www.goldleafdist.com. Kona Gold Beverage, Inc. not too long ago acquired S&S Beverage, Inc., which manufactures and distributes LEMIN Superior Lemonade line; please go to its web site at www.drinklemin.com. Kona Gold and its household of corporations are situated on the east coast of Florida in Melbourne and in Greer, South Carolina.Secure Harbor Assertion:
The knowledge posted on this launch could include forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. You possibly can establish these statements by use of the phrases “could,” “will,” “ought to,” “plans,” “expects,” “anticipates,” “proceed,” “estimate,” “venture,” “intend,” and comparable expressions. The Firm can also make written or oral forward-looking statements in its filings with the U.S. Securities and Change Fee, in press releases and different written supplies, and in oral statements made by its officers, administrators or staff to 3rd events. There will be no assurance that such statements will show to be correct. The Firm cautions that these forward-looking statements are additional certified by different elements together with, however not restricted to, these set forth within the Firm’s Registration Assertion on Type S-1. Ahead-looking statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however should not restricted to, common financial and enterprise circumstances, results of continued geopolitical unrest and regional conflicts, competitors, adjustments in expertise and strategies of promoting, delays in finishing varied engineering and manufacturing packages, adjustments in buyer order patterns, adjustments in product combine, continued success in technological advances and delivering technological improvements, shortages in elements, manufacturing delays as a consequence of efficiency high quality points with outsourced elements, and varied different elements past the Firm’s management. The Firm doesn’t undertake any obligation to replace publicly or to revise any statements on this launch, whether or not because of new data, future occasions, or in any other case.
Investor Relations Contact:
Robert Clark 844-714-2224 [email protected]
SOURCE Kona Gold Beverage, Inc.