Kona Gold Beverage, Inc's Subsidiary Gold Leaf Distribution Posts
Record Monthly Revenue in August
The Company expands its sales team
Melbourne,
FL -- September
12, 2022 --
InvestorsHub NewsWire -- Kona Gold Beverage, Inc. (OTCQB:
KGKG), a holding company focused on product development in the
better-for-you and hemp and CBD functional beverage sector is
pleased to announce its wholly owned subsidiary, Gold Leaf
Distribution LLC, posted record monthly revenue in
August.
Gold Leaf
Distribution posted approximately $348,000 in
sales.
The
increase in sales has been fueled by a culmination of expanding the
Company's sales team, adding new products, and consumer
demand.
Gold Leaf
expects to see continued growth throughout the rest of the year as
it continues to have record revenue growth in 2022.
Gold Leaf
Distribution has solidified itself as a leading beverage and snack
distributor in the state of South Carolina where it currently
covers approximately 70% of the state.
The Company
is currently hiring for several positions to continue its
expansion.
"I'm
excited to share with our shareholders that our continued
dedication to growing our subsidiaries, products, and market share
is paying off," stated Robert Clark, CEO of Kona Gold Beverage,
Inc. "We started Gold Leaf Distribution in 2019 as a means to
distribute our own products where we did approximately $80,000 in
Sales our first year.
Just three
years later, Gold Leaf has approximately $2.4M in sales through the
first 8 months of 2022.
That's
phenomenal growth which we expect to continue throughout the year
and all through 2023."
Kona Gold
LLC, the Company's beverage brand subsidiary, recently hired a
Territory Manager in the state of Michigan.
The
Company's new Territory Manager, Sam Toia, will work hand-in-hand
with Kona Gold's Michigan distribution partner, Imperial Beverage,
to grow the Company's brands throughout the great state of
Michigan.
Kona Gold
Beverage recently announced it has signed new distribution partners
in California, Illinois, and Nevada to distribute its Ooh La Lemin
lemonades.
The
California and Nevada markets are new markets for the Company's Ooh
La Lemin beverage products.
Kona Gold's
new West Region Territory Manager will be leading and managing the
partnership with the California and Nevada distribution
partners.
The
California distribution partner, who is based in Sacramento, will
cover 20 surrounding counties, and the Nevada distributor will
cover the entire state. The new Illinois distributor will cover 9
counties.
For more
information regarding Kona Gold Beverage, please visit:
https://konagoldbeverage.com/
About Kona
Gold Beverage, Inc.
Kona Gold
Beverage, 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
Beverage, Inc. recently rebranded its Lemin Lemonade to Ooh La
Lemin Lemonade; please visit its website at
www.oohlalemin.com. Kona Gold
and its family of companies are located on the east coast of
Florida in Melbourne and in Greer and Conway 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@konagoldbeverage.com
