Kona Gold Solutions Inc (OTCMKTS: KGKG) is rocketing up the charts in recent days from its base under $0.08. The stock has a history of big moves running from under $0.01 to recent highs over a dime. The stock has quickly attracted a loyal shareholder base which has transformed KGKG into a volume leader.
According to a new report from the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022. CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy — without getting you high.
Kona Gold Solutions Inc (OTCMKTS: KGKG) is a premier lifestyle company that specializes in developing hemp and CBD products in the functional beverage and fitness markets. Focusing on the hemp energy drink, CBD energy water, and CBD water markets, Kona Gold Solutions, Inc. has positioned itself as a premium lifestyle brand.
Kona Gold is led by entrepreneur Robert Clark operating out of the Company’s new state of the art corporate office consisting of 4,500 square feet of office and warehouse space located at 746 North DriveSuite Melbourne, Florida. KGKG holds 2,476,722 shares of Elev8 Brands Inc. (OTC: VATE) Preferred Series D Shares which convert at 60:1 = 148.6M shares of VATE Common. With VATE trading at .044 the value of KGKG’s holdings is $6.5 million.
Kona Gold LLC Is a wholly owned subsidiary of Kona Gold Solutions, Inc. focuses on creating great tasting and healthy hemp infused energy drinks in the functional beverage market for those who lead an active lifestyle.
HighDrate LLC is a wholly-owned subsidiary of Kona Gold Solutions, Inc. which focuses on the development and marketing of CBD infused energy waters available in a variety of great tasting flavors. HighDrate LLC has single handedly created a new product niche with its healthy CBD energy waters geared towards the fitness and wellness markets.
In 2017 Kona Gold through its wholly owned subsidiary HighDrate LLC started producing its CBD Infused Flavored Energy Waters, High-drate, under its premium Kona Gold brand. The Company produces four delicious flavors: Tropical Coconut, Georgia Peach, Kiwi-Strawberry, and Watermelon.
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On March 22 KGKG announced it has positioned itself to be the fastest growing beverage company in the Hemp sector with its popular Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The Company has had exceptional growth over the last six months, signing 27 distribution partners across 16 states. Those distribution partners include four Anheuser-Busch distributors, large independent beverage distributors, and several boutique distributors.
The Company continues to execute on its 2019 forecast of $1.5 – $2 million annual revenue by having a record setting first quarter in 2019 with revenue currently over two hundred and fifty thousand dollars ($250,000) and a little more than a week left in the quarter. Kona Gold’s conservative 2019 forecast does not take into account the product line extensions for Kona Gold Hemp Energy Drinks and HighDrate CBD Waters, with plans to add 4 additional and 2 additional flavors respectively this year. The Company will also be launching its much-anticipated Storm CBD Alkaline Water next quarter which is expected to be picked up by all of its current distributors. With the introduction of the new flavors and Storm CBD Alkaline Water, the Company expects a significant increase in revenue from sales. The Company’s online sales continue to hit all time highs with those sales now over twenty thousand dollars ($20,000) a month.
The Company’s products can now be found in 16 states at popular convenient store chains like Hucks, BP, Mobil, and Shell to name a few along with popular supermarket chains such as Lucky’s Market, Wayfield’s, Food Depot, and Piggly Wiggly.
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Currently trading at a $48 million market valuation KGKG has small but growing revenues, minimal assets and is debt free. KGKG is an exciting story developing in small caps; the Company’s CBD Infused Flavored Energy Waters are doing great in a booming CBD market and the stock has quickly developed a loyal shareholder base that swears this one goes higher. We will be updating on KGKG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with KGKG.
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Disclosure: we hold no position in KGKG either long or short and we have not been compensated for this article.