The Company is recording its highest revenue during the second quarter of 2018
ROCKLEDGE, Fla., June 21, 2018 (GLOBE NEWSWIRE) -- Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand focused on product development in the functional beverage sector, is pleased to announce it has secured a new distribution partner in San Diego, California. California High Beverages will be distributing Kona Gold Hemp Energy Drinks in San Diego and the surrounding areas. The Company has been working to establish market presence on the west coast of the United States and has successfully penetrated that market.
Last month, Kona Gold announced two new distribution partners in New York and Bermuda, landing the Company’s first distributor outside of the United States. The Company’s New York distributor has already placed a re-order for another pallet of product in less than a month’s time. Kona Gold continues to discuss potential distribution deals with national and international distributors.
Over the past month, Kona Gold has added new retailers in Florida, California, and Massachusetts and continue to see an increase in re-orders from existing retailers for their Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters.
The Company recorded a record month in April, posting its highest one-month gross revenues of over fifteen thousand dollars ($15,000) from sales of its Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters and continue on a strong revenue path setting records for the second quarter of 2018.
On top of record sales and product pull through, the Company has recently completed their move to its new state of the art Corporate Headquarters in Melbourne, Florida. Their new facility boasts 2,000 sq ft of office space and 2,500 sq ft of warehouse space.
“The company is firing on all cylinders with adding new distribution partners, setting revenue records, and settling into our new Corporate Headquarters,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Our second quarter revenue is approaching our total revenue of 2017. We continue to position the Company to be a national brand in its respective market place.”
Clark continued, “I know our shareholders have been patiently waiting for news regarding the uplist to the OTCQB market tier, and we have prioritized the uplist and are currently working with our auditor to complete the requirements set forth by OTC. We will continue to provide updates as we move forward.”
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Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc., a Delaware Corporation, has created wholly owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and BitHive Mining, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel; please visit the Company’s website at www.konagoldhemp.com. HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors; please visit the Company’s website at www.highdrateme.com. BitHive Mining, LLC will be solely focused on mining cryptocurrencies via custom built mining hardware. The Companies are located on the east coast of Florida in Rockledge, FL.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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