Kona Gold Solutions, Inc. Files S-1
July 16 2020 - 11:15AM
InvestorsHub NewsWire
Kona Gold Solutions,
Inc. Files S-1
Melbourne, FL -- July 16, 2020 -- InvestorsHub NewsWire
-- Kona Gold Solutions, Inc.
(OTCQB:
KGKG), a holding company focused on product development in the
hemp and CBD functional beverage sector, is pleased to announce it
has filed a Registration Statement on Form S-1 with the U.S.
Securities and Exchange Commission (SEC) to register securities
under the Securities Act of 1933 pursuant to a Securities Purchase
Agreement (SPA) with YA II PN, LTD.
The S-1 Registration Statement
includes two years of Kona Gold’s financial statements, audited by
a PCAOB registered independent public accounting firm. This filing
adds increased transparency regarding Kona Gold by including
information about its planned use of the additional proceeds that
it will receive from YA II PN, LTD
and updated details of its current business model and the
competitive landscape in which it functions, as well as a
description of the offering.
Kona
Gold plans to utilize the funding to continue its product
development, increase its inventory to support distribution demand,
expand its marketing & advertising activities, and acquire
additional equipment, as well as for working capital purposes and,
possibly, in connection with a strategic acquisition.
Additional funding will allow Kona Gold to execute its plan to
build a beverage company that is comprised of multiple beverage
brands in several different market segments. In connection
with the filing, Kona Gold modified its capital structure to
provide increased flexibility for future
opportunities.
“Kona
Gold has hit another milestone with the filing of our S-1, which is
needed in our pursuit to be listed on a national stock exchange,”
stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Our
agreement with YA II PN provides the Company with additional
working capital to aggressively develop new brands and, possibly,
to pursue acquisitions of other beverage brands, as we execute our
strategy of building a family of outstanding beverage brands in
various market segments.”
For more
information regarding Kona Gold, please
visit:
https://www.konagoldhemp.com
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
For more
information regarding HighDrate, please
visit:
https://www.highdrateme.com
https://www.facebook.com/HighDrateMe/
https://twitter.com/highdrateme
https://www.instagram.com/highdrateme/
For more
information regarding Gold Leaf Distribution, please
visit:
https://www.goldleafdist.com
https://www.facebook.com/GoldLeafDist/
Kona
Gold Solutions, Inc.:
Kona
Gold Solutions, Inc., a Delaware corporation, has created
wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold
Leaf Distribution, LLC. Kona Gold, LLC has developed a
premium Hemp-Infused Energy Drink line; please visit its website
at www.konagoldhemp.com.
HighDrate, LLC has developed the beverage industry’s first
CBD-Infused Energy Water, available in 6 delicious flavors; please
visit its website at www.highdrateme.com. Gold Leaf Distribution, LLC was created to
fill the Company’s distribution needs in markets that it wants to
enter quickly; please visit its website at www.goldleafdist.com.
Kona Gold and its family of companies are located on the east coast
of Florida in Melbourne and in Greer, South
Carolina.
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. The Company
may also make written or oral forward-looking statements in its
filings with the U.S. Securities and Exchange Commission, in press
releases and other written materials, and in oral statements made
by its officers, directors or employees to third parties.
There can be no assurance that such statements will prove to
be accurate. The Company cautions that these forward-looking
statements are further qualified by other factors including, but
not limited to, those set forth in the Company’s Registration
Statement on Form S-1. 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.
The Company does not
undertake any obligation to update publicly or to revise any
statements in this release, whether as a result of new information,
future events, or otherwise.
Investor
Relations Contact:
Robert
Clark
844-714-2224
investorrelations@konagoldhemp.com
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