KONA GOLD BEVERAGE INC - KGKG STOCK NEWS

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Kona Gold Beverage Inc. (OTCPK: KGKG) is a dynamic holding company specializing in the better-for-you and functional beverage sector. Headquartered in Melbourne, Florida, the company operates through its subsidiaries, Kona Gold LLC and Covert LLC, to offer a diverse range of healthy energy drinks and hemp-derived products.

Products and Innovation: Kona Gold's portfolio includes premium energy drinks targeting health-conscious consumers, such as the innovative HighDrate D9 Drinks, available in flavors like Blue Raspberry and Pina Colada. Covert LLC complements this with high-quality Delta-8, THCa, THC-P, and Kratom products, ensuring a robust lineup of health-focused beverages.

Recent Achievements: In recent news, Kona Gold unveiled new images for its HighDrate D9 Energy Seltzer and launched a new eCommerce platform for Covert LLC, enhancing digital consumer engagement. Notably, the introduction of Federally Legal D9 Gummies marks a significant milestone, reflecting the company’s commitment to product innovation and safety.

Strategic Growth: Under the visionary leadership of CEO Jared Fisher and Co-founder Elliot Eichler, Kona Gold has achieved remarkable revenue growth, including a record-breaking $1.5 million in Q1 2024. The acquisition of Surge Distribution LLC, expected to bring in $5 million in annual revenue, exemplifies their strategic expansion efforts.

Financial Highlights: Despite the challenges of 2023, Kona Gold reported steady revenues of $3 million. The company is poised for substantial growth in 2024, with projected revenue enhancements from new product launches and strategic acquisitions. The successful reduction of $1.3 million in debt and a significant decrease in authorized shares further solidified their financial standing.

Partnerships and Acquisitions: Kona Gold’s joint venture with Apple Rush Co., Inc. aims to revolutionize the beverage industry by leveraging collective expertise in product innovation and manufacturing. In addition, the company’s acquisition of Covert LLC and Surge Distribution LLC underscores its commitment to expanding its market presence and product reach.

Future Prospects: With plans to rebrand as NuVibe, Inc. (Ticker: VIBE), the company is set to diversify its portfolio and enhance shareholder value. Upcoming projects include the launch of the HighDrate D9 Drinks and continued expansion into lucrative markets such as Central Florida and Charlotte, NC.

Kona Gold Beverage Inc. continues to drive innovation and growth, delivering premium, health-conscious products while fostering shareholder confidence through strategic initiatives and financial stewardship.

04/09/2024 08:46 AM

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Kona Gold Beverage, Inc. Announces Highest Quarterly Revenue In Company History Surpassing $1.5M In Revenue In Q1

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Kona Gold Beverage, Inc. reports record-breaking quarterly revenue of over $1.5M in Q1 2024, surpassing previous years' total revenue. The company is in talks to acquire a company with $700k revenue in Q1, potentially adding $1M to Q2 revenue projections. New product launches and partnerships are expected to drive further revenue growth.

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04/02/2024 08:30 AM

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Kona Gold Beverages, Inc. Reports Over $3 Million in 2023 Revenues, Anticipates Robust Growth in 2024 Following Covert LLC Acquisition and Product Expansion

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Kona Gold Beverages, Inc. reports revenues of approximately $3 million for 2023, under new management. The company eliminated $1.3 million in debt and reduced authorized shares by 4.386 billion. The introduction of HighDrate D9 Energy Seltzer and focus on Kona Gold Energy Drinks aim to enhance shareholder value through revenue growth and strategic acquisitions.

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03/26/2024 08:30 AM

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Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal

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Kona Gold Beverages, Inc. (KGKG) announces Covert 's groundbreaking products, including Federally Legal D9 Gummies and a new eCommerce platform. The strategic enhancements aim to elevate consumer satisfaction and drive sustained growth. HighDrate's New D9 Energy Seltzer images are also revealed, showcasing enticing flavors like Blue Raspberry and Pina Colada.

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03/12/2024 09:00 AM

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Kona Gold Beverage, Inc Successfully Acquires Covert LLC, a Leading Multimillion-Dollar CPG Company

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Kona Gold Beverage, Inc. acquires Covert LLC, a leading CPG company specializing in high-quality Delta-8, THCa, THC-P, and Kratom products. The acquisition marks a strategic milestone with ambitions for $1 million monthly sales. Covert LLC has generated over $5 million in annual sales and is set for exceptional growth under Kona Gold's ownership.

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03/05/2024 11:30 AM

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Kona Gold Beverages, Inc. Achieves Current Information Status and Unveils New HighDrate D9 Drink Can Designs

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Kona Gold Beverages, Inc. (KGKG) achieves Current Information Status, unveils new can designs for HighDrate D9 Drink, and actively negotiates with acquisition candidates. The company focuses on transparency, quality, and growth in the functional beverage market.

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02/20/2024 09:00 AM

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Kona Gold Beverages, Inc. Unveils Exciting Rebranding: Introducing HighDrate D9 Seltzer Drink Line

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Kona Gold Beverages, Inc. announces the launch of HighDrate D9 Seltzer Drink line, a vegan, gluten-free product infused with 10mg of THC. The rebranding aims to meet consumer preferences and enhance shareholder value.

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02/15/2024 08:30 AM

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Kona Gold Beverage Announces Participation of New Management Team at SE Petro Show in Myrtle Beach Exhibiting Rebranded Kona Gold Energy Drinks

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Kona Gold Beverages, Inc. (KGKG) updates its status with OTC Markets, announces new management team participation at the SE Petro Show, and plans to relocate its headquarters to Melbourne, FL. The company aims to connect with industry leaders, suppliers, and retailers, expand its product line, and enhance operational efficiency for sustained success in the hemp-infused beverage market.

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02/07/2024 09:00 AM

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Kona Gold Beverage, Inc. Unleashes Exciting Rebrand of Its Popular Energy Drinks - Get Ready for a New Wave of Vitality

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Kona Gold Beverages, Inc. is revolutionizing its energy drink products with a new cutting-edge digital can design and a modern rebranding. The company has finalized purchase orders for digitally printed cans and is set to launch its energy drinks in March 2024. The new products will feature four fan-favorite flavors initially, with more to come in the future. Kona Gold is also launching a sleek new ecommerce platform to connect with customers and is securing distribution partners to ensure widespread availability. The company's President and Chairman, Brandon White, is excited about the upcoming launch and has spearheaded the production effort to ensure market readiness and competitive edge. The company has also made significant financial improvements, including eliminating debt, reducing authorized shares, and securing a $5 million line of credit to support its growth.

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01/30/2024 09:23 AM

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Kona Gold Beverage's Strategic Direction and Shareholder Value

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Kona Gold Beverages, Inc. (KGKG) announces strategic initiatives to revitalize operations, engage with shareholders, and expand product offerings. The company reassures shareholders about the absence of an immediate reverse stock split and emphasizes transparency. The recent $5 million credit line is aimed at non-dilutive capital deployment for product rebranding and new beverage development.

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01/23/2024 09:00 AM

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Kona Gold Beverages, Inc. Signals Strategic Growth with $5 Million Non-Dilutive Credit Line

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Kona Gold Beverages, Inc. secures a $5 million non-dilutive credit line to drive production growth, expand market share, and explore potential acquisitions. The company emphasizes its commitment to preserving shareholder value and responsible financial stewardship under new management. Additionally, the company has eliminated $1.3 million in debt and reduced its authorized shares by 4.386 billion shares.

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FAQ

What is the current stock price of KONA GOLD BEVERAGE (KGKG)?

The current stock price of KONA GOLD BEVERAGE (KGKG) is $0.00025 as of November 15, 2024.

What is the market cap of KONA GOLD BEVERAGE (KGKG)?

The market cap of KONA GOLD BEVERAGE (KGKG) is approximately 859.1K.

What does Kona Gold Beverage Inc. specialize in?

Kona Gold Beverage Inc. specializes in the better-for-you and functional beverage sector, offering a range of healthy energy drinks and hemp-derived products.

Who leads Kona Gold Beverage Inc.?

The company is led by CEO Jared Fisher and Co-founder Elliot Eichler, who bring extensive expertise and strategic vision to the organization.

What are the recent achievements of Kona Gold Beverage Inc.?

Recent achievements include the launch of HighDrate D9 Energy Seltzer, the unveiling of Federally Legal D9 Gummies, and the introduction of a new eCommerce platform for Covert LLC.

What are the key products offered by Kona Gold Beverage Inc.?

Key products include Kona Gold’s premium energy drinks and HighDrate D9 Drinks, as well as Covert LLC’s Delta-8, THCa, THC-P, and Kratom products.

How is Kona Gold Beverage Inc. performing financially?

The company reported $3 million in revenues for 2023 and achieved a record $1.5 million in Q1 2024, with further growth anticipated from new product launches and strategic acquisitions.

What strategic partnerships has Kona Gold Beverage Inc. formed?

Kona Gold has formed a joint venture with Apple Rush Co., Inc. and acquired Surge Distribution LLC to expand its product reach and market presence.

What are Kona Gold Beverage Inc.’s future plans?

Future plans include rebranding as NuVibe, Inc., launching new products like the HighDrate D9 Drinks, and expanding into new markets such as Central Florida and Charlotte, NC.

How is Kona Gold Beverage Inc. enhancing shareholder value?

The company is enhancing shareholder value through strategic acquisitions, debt reduction, new product launches, and a commitment to financial stewardship and innovation.

Where is Kona Gold Beverage Inc. headquartered?

Kona Gold Beverage Inc. is headquartered in Melbourne, Florida.

How can investors contact Kona Gold Beverage Inc.?

Investors can contact Kona Gold Beverage Inc. through their Investor Relations at phone number 844-714-2224 or via email at investorrelations@konagoldbeverage.com.