Kona Gold Solutions, Inc. Announces Revenue Results for the First Three Quarters of 2019; Provides Revenue Guidance for 2020
November 13, 2019 at 09:00 am
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Kona Gold Solutions, Inc. announced revenue results for the first three quarters of 2019. For the period, the company posted revenue of $1.42 million against revenue of $73,000 through the first three quarters in 2018.
For the year 2020, the company set revenue projections of $6 million to $8 million based on demand for its current products, new product launches for 2020, and current developments in the last quarter of 2019.
Kona Gold Beverage, Inc. operates through its four subsidiaries, Kona Gold LLC (Kona), HighDrate LLC (HighDrate), Gold Leaf Distribution LLC (Gold Leaf), and Covert LLC. Kona focuses on the development and marketing of functional and better-for-you beverages: Ooh La Lemin Lemonades that are available in a variety of sparkling and non-sparkling flavors and Kona Gold Energy Drinks that are low-to-zero calorie functional beverages that are high in B vitamins, amino acids, and omegas. HighDrate focuses on the development and marketing of Cannabidiol (CBD)-infused energy waters geared to the fitness and wellness markets. Gold Leaf focuses on the distribution of premium beverages and snacks in key markets. Covert LLC operates in the consumer packaged goods (CPG) market and specializes in high-potency Delta-8, THCa, THC-P, and Kratom products. The Company sells its products through resellers. The Company's other subsidiary, Surge Distribution LLC, which is a premiere distribution company.
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