Kona Gold Beverage Inc (OTCMKTS:KGKG) Generates Growth Of 21.73% MoM In March 2021 Earnings

Kona Gold Beverage Inc (OTCMKTS:KGKG) reported a growth of 21.73% MoM in March 2021 revenues to more than $140,000.

The Company’s subsidiaries – Gold Leaf Distribution and Kona Gold LLC, reported a growth of 37% and 22% in revenues in March 2021 compared to the previous month.

The revenues of Gold Leaf improved to over $80,000 in March 2021.

With record sales in March 2021 from its subsidiaries and the busiest beverage seasons in summer and spring, Kona Gold expects to post significant growth in revenues in Q2 2021.

Discusses with new distributors

Kona Gold is negotiating to add new distributors, grocery chains, and convenience store chains to boost revenues in the future.

Receives largest PO In March

Kona Gold received the biggest purchase order in March 2021 from a convenience store chain.

As per the PO of the value of more than $62,000 from a convenience store that operates 800 retail stores in the eastern US, the company will supply the OOH LA Lemin Lemonade brand. Kona Gold will also ship OOH LA Lemin to Florida-based more than 200 stores, besides providing more than 200 locations in the Southern US.

Kona Gold CEO, Robert Clark, said the company partnered with new beverage brokers to pursue sales opportunities in big box stores, grocery chains, and convenience store chains.

Takes over S&S Beverage, Inc

on January 25, 2021, Kona Gold took over S&S Beverage, Inc, considering stock and cash. Following the merger, Bill Stineman, the creator and founder of LEMIN, joined as VP (Product Innovation and Management) at Kona Gold. Robert said the company is thrilled to share the takeover news of S&S with its investors.

S&S produces LEMIN Superior Lemonade. It reported LEMIN’s first sales of $900,000 in 2019. Low-calorie, delicious, and better-for-you Lemin lemonade is available in Peach, Blue Raspberry, Original, and Strawberry flavors.

The customers can buy these delicious drinks from popular chains like Festival Foods, Sheetz, Illinois stores, Kroger Wisconsin, Woodmans, Plaid Pantry, Circle K South, and North Carolina Stores across the nation.

Kona Gold focuses on large distribution partners, C-Store Chains, and grocery stores to promote growth.

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