{"id":452708,"date":"2021-03-08T09:03:47","date_gmt":"2021-03-08T14:03:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452708"},"modified":"2021-03-08T09:03:47","modified_gmt":"2021-03-08T14:03:47","slug":"kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months\/","title":{"rendered":"Kona Gold Beverage, Inc. Announces Highest Monthly Revenue in February Over Previous 15 Months"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MELBOURNE, Fla.<\/span>, <span class=\"xn-chron\">March 8, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Kona 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 <span class=\"xn-chron\">February 2021<\/span> revenues from the Company&#8217;s subsidiaries were the highest monthly revenues when compared to the previous monthly revenues over the last 15 months.<\/p>\n<p>Kona Gold LLC saw revenue of over <span class=\"xn-money\">$115,000<\/span>, and Gold Leaf Distribution saw revenue of almost <span class=\"xn-money\">$60,000<\/span> in the month of February.\u00a0This was the highest monthly revenue for Kona Gold LLC dating back to November of 2019, and Gold Leaf Distribution LLC&#8217;s highest monthly revenue to date.\u00a0 Gold Leaf Distribution continues to break monthly revenue records and is nearing profitability.\u00a0 Kona Gold LLC realized an increase in a gross profit margin of approximately 22% in February of 2020 to approximately 40% in February of 2021.\u00a0Gold Leaf Distribution LLC continues to operate at a gross profit margin ranging from 28-30%, which is above industry standards of approximately 25%.<\/p>\n<p>The catalyst for the increased revenue for Kona Gold LLC is from the recent acquisition of S&amp;S Beverage (Lemin Lemonade) with new distributor agreements and subsequent orders beginning to come in for the upcoming spring sets. Additionally, the Company has seen increased sales from the Company&#8217;s other portfolio products, Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters.\u00a0Gold Leaf Distribution LLC&#8217;s catalyst for the increased revenue has come from cultivating relationships with existing accounts, opening new accounts, and adding more profitable, higher demanding products to its portfolio.<\/p>\n<p>\n        <span class=\"xn-person\">Kona Gold Beverage<\/span> anticipates its subsidiaries will continue to have a substantial increase in revenue in March, as an increase has been evident in a very strong start to sales in the beginning of March. Additionally, an increase in sales expected in the coming months of 2021 as the Company enters into the historically busier beverage seasons of spring and summer.<\/p>\n<p>For more information regarding <span class=\"xn-person\">Kona Gold Beverage<\/span>, please visit:<br \/><u><a target=\"_blank\" href=\"https:\/\/konagoldbeverage.com\/\" rel=\"nofollow noopener noreferrer\">https:\/\/konagoldbeverage.com\/<\/a><\/u><\/p>\n<p>\n        <b>About <span class=\"xn-person\">Kona Gold Beverage<\/span>, Inc<\/b>.<\/p>\n<p>\n        <span class=\"xn-person\">Kona Gold Beverage<\/span>, Inc., a <span class=\"xn-location\">Delaware<\/span> corporation, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC.\u00a0Kona Gold, LLC has developed a premium Hemp-Infused Energy Drink line; please visit its website at\u00a0<u><a target=\"_blank\" href=\"http:\/\/www.konagoldhemp.com\/\" rel=\"nofollow noopener noreferrer\">www.konagoldhemp.com<\/a><\/u>.\u00a0 HighDrate, LLC has developed the beverage industry&#8217;s first CBD-Infused Energy Water, available in 6 delicious flavors; please visit its website at\u00a0<u><a target=\"_blank\" href=\"http:\/\/www.highdrateme.com\/\" rel=\"nofollow noopener noreferrer\">www.highdrateme.com<\/a><\/u>.\u00a0Gold Leaf Distribution, LLC was created to fill the Company&#8217;s distribution needs in markets that it wants to enter quickly; please visit its website at\u00a0<u><a target=\"_blank\" href=\"http:\/\/www.goldleafdist.com\/\" rel=\"nofollow noopener noreferrer\">www.goldleafdist.com<\/a><\/u>.\u00a0Kona Gold Beverage, Inc. recently acquired S&amp;S Beverage, Inc., which manufactures and distributes LEMIN Superior Lemonade line; please visit its website at\u00a0<u><a target=\"_blank\" href=\"http:\/\/www.drinklemin.com\/\" rel=\"nofollow noopener noreferrer\">www.drinklemin.com<\/a><\/u>. <span class=\"xn-person\">Kona Gold<\/span> and its family of companies are located on the east coast of <span class=\"xn-location\">Florida<\/span> in <span class=\"xn-location\">Melbourne<\/span> and in <span class=\"xn-location\">Greer, South Carolina<\/span>.<\/p>\n<p>Safe Harbor Statement:<\/p>\n<p>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 &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;plans,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;continue,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; 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.\u00a0There can be no assurance that such statements will prove to be accurate.\u00a0The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company&#8217;s Registration Statement on Form S-1.\u00a0Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated.\u00a0These 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&#8217;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.<\/p>\n<p>Investor Relations Contact:<br \/><span class=\"xn-person\">Robert Clark<\/span><br \/>844-714-2224<br \/><u><a target=\"_blank\" href=\"mailto:investorrelations@konagoldbeverage.com\" rel=\"nofollow noopener noreferrer\">investorrelations@konagoldbeverage.com<\/a>\u00a0 <\/u><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO01538&amp;sd=2021-03-08\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months-301242101.html\">http:\/\/www.prnewswire.com\/news-releases\/kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months-301242101.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Kona Gold Beverage<\/span>, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO01538&amp;Transmission_Id=202103080900PR_NEWS_USPR_____IO01538&amp;DateId=20210308\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MELBOURNE, Fla., March 8, 2021 \/PRNewswire\/ &#8212;\u00a0Kona 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 February 2021 revenues from the Company&#8217;s subsidiaries were the highest monthly revenues when compared to the previous monthly revenues over the last 15 months. Kona Gold LLC saw revenue of over $115,000, and Gold Leaf Distribution saw revenue of almost $60,000 in the month of February.\u00a0This was the highest monthly revenue for Kona Gold LLC dating back to November of 2019, and Gold Leaf Distribution LLC&#8217;s highest monthly revenue to date.\u00a0 Gold Leaf Distribution continues to break monthly revenue records and is nearing profitability.\u00a0 Kona &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kona Gold Beverage, Inc. Announces Highest Monthly Revenue in February Over Previous 15 Months&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452708","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kona Gold Beverage, Inc. Announces Highest Monthly Revenue in February Over Previous 15 Months - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kona-gold-beverage-inc-announces-highest-monthly-revenue-in-february-over-previous-15-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kona Gold Beverage, Inc. Announces Highest Monthly Revenue in February Over Previous 15 Months - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MELBOURNE, Fla., March 8, 2021 \/PRNewswire\/ &#8212;\u00a0Kona 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 February 2021 revenues from the Company&#8217;s subsidiaries were the highest monthly revenues when compared to the previous monthly revenues over the last 15 months. Kona Gold LLC saw revenue of over $115,000, and Gold Leaf Distribution saw revenue of almost $60,000 in the month of February.\u00a0This was the highest monthly revenue for Kona Gold LLC dating back to November of 2019, and Gold Leaf Distribution LLC&#8217;s highest monthly revenue to date.\u00a0 Gold Leaf Distribution continues to break monthly revenue records and is nearing profitability.\u00a0 Kona &hellip; Continue reading &quot;Kona Gold Beverage, Inc. 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(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 February 2021 revenues from the Company&#8217;s subsidiaries were the highest monthly revenues when compared to the previous monthly revenues over the last 15 months. Kona Gold LLC saw revenue of over $115,000, and Gold Leaf Distribution saw revenue of almost $60,000 in the month of February.\u00a0This was the highest monthly revenue for Kona Gold LLC dating back to November of 2019, and Gold Leaf Distribution LLC&#8217;s highest monthly revenue to date.\u00a0 Gold Leaf Distribution continues to break monthly revenue records and is nearing profitability.\u00a0 Kona &hellip; Continue reading \"Kona Gold Beverage, Inc. 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