MELBOURNE, Fla., March 22, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Kona Gold Solutions, Inc. (OTC Pink: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, has positioned itself to be the fastest growing beverage company in the Hemp sector with its popular Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The Company has had exceptional growth over the last six months, signing 27 distribution partners across 16 states. Those distribution partners include four Anheuser-Busch distributors, large independent beverage distributors, and several boutique distributors.
The Company continues to execute on its 2019 forecast of $1.5 – $2 million annual revenue by having a record setting first quarter in 2019 with revenue currently over $250,000 with a little more than a week left in the quarter. Kona Gold’s conservative 2019 forecast does not take into account the product line extensions for Kona Gold Hemp Energy Drinks and HighDrate CBD Waters, with plans to add 4 additional and 2 additional flavors respectively this year. The Company will also be launching its much-anticipated Storm CBD Alkaline Water next quarter which is expected to be picked up by all of its current distributors. With the introduction of the new flavors and Storm CBD Alkaline Water, the Company expects a significant increase in revenue from sales. The Company’s online sales continue to hit all time highs with those sales now over $20,000 a month.
The Company’s products can now be found in 16 states at popular convenient store chains like Hucks, BP, Mobil, and Shell to name a few along with popular supermarket chains such as Lucky’s Market, Wayfield’s, Food Depot, and Piggly Wiggly.
“What sets Kona Gold apart and has made the Company the leader in our market is the amazing team that we have,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We have assembled a Sales team with experience and contacts in the beverage industry that are second to none. Paired with our exceptional products that resonate with our consumers, we expect our rapid growth and expansion to continue through 2019. We are currently working with additional grocery chains and distributors to bring our products to new markets.”
Gold Leaf Distribution, the Company’s wholly owned subsidiary, brought it’s first beverage distribution truck online this month and has begun opening new accounts in Brevard County Florida and surrounding areas. Gold Leaf anticipates it will have 100 accounts selling Kona Gold and HighDrate by the end of April. The Company has plans to add additional trucks in various markets in 2019.
Clark stated, “The Company’s distribution partners and our own distribution company are seeing excellent response to our products in their markets and are placing re-orders quicker than anticipated. Our sales team have several product kick-offs with our larger distributors in key markets next month, where we plan to ramp up sales in those markets.”
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