Kona Gold Beverage Inc (OTCMKTS:KGKG) posts significant improvement in MoM revenues to $140,000 (up 21.73% MoM) in Q1 2021. It is on the backdrop of growing demand for its products like Hemp Energy Drinks and flourishing distribution.
The subsidiaries of Kona Gold are posting a consistent increase in sales in February and March 2021.
Kona Gold LLC, a subsidiary of Kona Gold, reported a growth of 22% in March 2021. Another subsidiary – Gold Leaf Distribution, posted a growth of 37.9% in March 2021 to $80,000 compared to February 2021.
Kona Gold expects to continue the same growth in Q2 2021 with growing demand for its beverages in the summer and spring seasons. The company engages in discussions to add new distribution channels, grocery chains, and convenience store chains.
Bags large order from the new convenience store chain
Kona Gold received a big order worth more than $62,000 in March 2021 from a new convenience store chain, which holds over 800 retail stores in the eastern US, for its OOH LA Lemin Lemonade brand.
Its OOH LA Lemin will occupy more than 200 stores in the Southern US and over 200 stores in Florida soon. CEO of Kona Gold, Robert Clark, said the company is on track to post the highest ever revenues in Q1 2021 in its history.
Takes over S&S Beverage
Kona Gold took over S&S Beverage Inc on January 28, 2021. S&S engages in the manufacture of Lemin Superior Lemonade.
Kona Gold rebranded Lemin Superior Lemonade as Ooh La Lemin. The rebranded product is offered in a newly designed can with an innovative logo.
The low-calorie drink is offered in strawberry, peach, blue raspberry, and original flavors. Customers in South and North Carolina can buy these energy drinks from convenience and grocery stores such as Circle K’s, 7-Eleven, and Sheetz.
Following the takeover of S&S, Lemin’s founder – Bill Stineman, will join Kona Gold as Vice President (Product innovation/ management). Robert said the company will add better for you product from Lemin in its portfolio. Lemin is well established in several popular chains across the nation. The company expects to add additional channels in the spring of 2021.