--News Direct--
The growth that has been enjoyed by the beverage industry has been quite significant and hence, it is perhaps not a surprise that there is far more interest in the sector. There are a number of companies that are doing outstanding work in this sector and one of those is Kona Gold Beverage Inc. (OTCMKTS:KGKG).
The company is based out of Delaware and works through a range of subsidiaries. Some of its subsidiaries are Gold Leaf Distribution LLC, Kona Gold LLC, and HighDrate LLC. All the different subsidiaries have managed to come up with their own unique products.
For instance, Kona Gold LLC came up with a hemp-laced energy drink range and HighDrate manufactured the first-ever CBD-laced Energy Water in the beverage industry. The subsidiary Gold Leaf Distribution had been created by Kona Gold Beverage to fulfill its distribution needs and for entering new markets swiftly.
For a company like Kona Gold distribution is a hugely important element of the business, and earlier in the week the company made a significant new announcement on that front. On February 27 Kona Gold announced that it's Ooh La Lemin Lemonades were going to be made available for sale through the Hot Spot convenience stores located in North Carolina and South Carolina.
At this point in time, the company has 10 SKUs of Ooh La Lemin and out of those 6 are going to be sold through Hot Spot. Those six SKUs are going to comprise 3 non-sparking variants and 3 sparkling variants of Ooh La Lemin. The products in question are going to be distributed by MR Williams, which is the company’s new distribution partner for the South Carolina and North Carolina markets. MR Williams is primarily focused on Convenience Stores and Food Service.
The products are going to be sold through 40 Hot Spot convenience stores. The Chief Executive Officer of Kona Gold Robert Clark spoke about the latest development as well. He summarized the whole thing and noted that he was looking forward to growing the company’s brand through the placement of the Ooh La Lemin products at the Hot Spot convenience stores. It is also important to note that Kona Gold has been expanding its distribution footprint for the Ooh La Lemin brand at a breakneck pace and has signed up a number of distribution partners across the United States.
Earlier in February, the company had announced that it had inked a distribution agreement with the firm A&B Distributors. By way of this agreement, the company’s 12oz Sparkling Ooh La Lemin and 16oz Ooh La Lemin Lemonades are going to be distributed in the states of Oklahoma, Arkansas, and Texas.
The distribution partner is going to provide Kona Gold with distribution services in the states of Oklahoma and Arkansas in addition to a total of 19 counties in the state of Texas. The distribution footprint in Texas is also going to include the Dallas market and its vicinity.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com
Contact Details
Mark McKelvie
+1 585-301-7700
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/kona-gold-beverage-inc-otc-kgkg-here-are-latest-news-and-developments-871224779
