KONA GOLD BEVERAGE INC - KGKG STOCK NEWS

Bemax Inc. (OTC Pink: BMXC) has signed a Letter of Intent to acquire Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move aims to strengthen Bemax's consumer packaged goods portfolio and drive market growth. The acquisition aligns with Bemax's mission to diversify and enhance its market presence in the CPG industry.

Bemax plans to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation. The company anticipates completing the transaction in the coming months, with integration efforts starting immediately thereafter. This acquisition is expected to positively impact Bemax's revenue and market position, enhancing shareholder value.

Kona Gold Beverages, Inc. (OTCPK: KGKG) has announced strategic initiatives and corporate direction changes. The company is exploring reverse merger opportunities to bring in new management and shift its direction. This move aims to add significant value for shareholders and drive future growth. Kona Gold will continue operating its current subsidiaries while seeking to increase sales and revenues.

The company acknowledges the need for a completely new team to bring fresh ideas and energy. Unfortunately, Kona Gold was unable to finalize the acquisition of Surge Distribution Company from Loud Beverage Group due to unmet terms. Despite this setback, the company remains committed to its growth strategy and will continue seeking opportunities aligned with shareholder interests.

Kona Gold Beverages, Inc. (OTCPK: KGKG) has made significant progress in reducing its debt and improving financial stability. The company has:

• Paid off a high-interest loan of $312,750 from Merchant Cash Advance (MCA)
• Nearly completed payments on a second MCA loan of $274,000
• Negotiated a stock exchange agreement for a $260,000 line of credit

The new management team is focused on cleaning up the balance sheet and positioning the company for growth. Negotiations are ongoing with the largest debt holder to eliminate remaining debt. These actions aim to strengthen Kona Gold's financial position and enable new investments and opportunities.

Kona Gold Beverages (KGKG) has initiated negotiations with its largest debt holder to purchase and remove the debt from its financial statements. This move aims to eliminate future debt conversions and strengthen the company's financial position. The company is also addressing production challenges for its HighDrate drinks, collaborating with new manufacturers to bring the product to market. Additionally, Kona Gold is in the process of changing its name to NuVibe, Inc., with legal work underway.

The company operates through subsidiaries Kona Gold , Covert , and Surge Distribution , offering a range of healthy energy drinks, Delta-8, THCa, THC-P, and Kratom products. Kona Gold is focused on expanding its market presence through strategic acquisitions.

Kona Gold Beverages, Inc. proudly announces April revenues exceeding $586,000, with Covert contributing significantly. Surge Distribution also reported revenue over $210,000, showcasing diversified business success. The company introduces three new beverage lines and anticipates the launch of HighDrate D9 Drinks, aiming to meet consumer demands and drive growth. The subsidiaries' performance highlights innovation and quality, with a strategic focus on expanding offerings and meeting evolving consumer preferences.

Kona Gold Beverages, Inc. changes its name to NuVibe, Inc. and applies for a new ticker symbol VIBE, signaling a strategic shift towards diversified growth. The company will host an open house to introduce the new management team and facilities, while also engaging in negotiations for potential partnerships. NuVibe, Inc. aims to revitalize its image and enhance shareholder value through transparency and inclusivity.

Kona Gold Beverages, Inc. prepares for its first production run set to launch on May 17, 2024, introducing HighDrate D9 Drinks in Watermelon and Blueberry/Lemonade flavors to cater to health-conscious consumers. The company's partnership with Surge Distribution Company aims to enhance product accessibility, while a website refresh underscores its commitment to innovation and shareholder communication.

Kona Gold Beverages, Inc. acquires Surge Distribution from Loud Beverage Group, Inc., with Surge Distribution anticipating achieving $5 million in annual revenue. The acquisition highlights Kona Gold's commitment to expanding its distribution capabilities and footprint in the functional beverage industry.

Kona Gold Beverages and Apple Rush Co. have entered into a Joint Venture Agreement to revolutionize the beverage industry. Lena Brewing will manufacture highly anticipated products for Kona Gold Beverages, including the Kona Gold Hemps Energy Drink and Highdrate D9 Seltzer. The partnership aims to bring innovative beverages to market, catering to evolving consumer preferences.