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Excerpt from: Senate Appropriators Pressure Agencies on Hemp, CBD Regulations
FDA CBD Regulations
The Senate Appropriations report also asks the FDA to temporarily back off its enforcement of CBD until more of a regulatory structure has been put in place. "Within 90 days of enactment of [the appropriations bill], the FDA shall issue a policy of enforcement discretion with regard to certain products containing CBD meeting the definition of hemp …. Such enforcement discretion shall be in effect until the FDA establishes a process for stakeholders to notify the FDA of use of CBD in products that include safety studies for intended use per product and makes a determination about such product."
Miller says that this language is an important step to address the FDA's position that it is illegal to sell ingestible hemp-derived CBD products. "I'm encouraged by it because … it demonstrates bipartisan congressional support" for the sale of CBD products. However, he doubts that this will have much immediate effect because the report language is not binding. The FDA has also historically not paid much attention to such Congressional pronouncements.
I wonder if that action by the house will put pressure on the FDA to do something about the CBD regs. ??
It's only been 2 1/2 weeks since the S1-A amendment was filed. Government workers are not the sharpest and fastest knifes in the drawer. Especially when it comes to doing paper work. They get paid for filling the job position not for what they accomplish.
JMHO
I see also that Gold leaf dist has added Beef Jerky to their line. They now have quite a diverse line of products of all nature and price variance for competition and store presence. Even Ubr water!
I see that Global Imports LLC carries the Hemp energy drinks, Hydrates, and the lemin drinks. I wonder what kind of deal was made with Lemin?
Oooops forgot Storm[/b
https://www.globalimportsnc.com/product-category/beverages/
I always thought that "Quiet time" is and meant "Quiet time"!
I have faith, bought another 10,000 @.021 now holding 700,000
KEEEP THE FAITH BABY.
personally I'm looking at Nov.5th for something from the SEC just because the form D was filed on 08/05/20. Thereby making Nov.5th 90 days. Hopefully sooner but not looking like anything happening to the contrary.
JMHO
Question I have is:
Sec filed on 07/16/20 (enter quiet time)
News on 08/31/20,and 09/03/20
Did these 2 PR's kick us back to square one on quiet time and start clock all over again. ???
good grief charlie brown!
reached .024 and held at end of day.
Notice the separation of products in that article.
The popularity of its hemp energy drink and CBD ‘energy water’ has seen Kona Gold become the top hemp and CBD beverage producer. With Storm CBD Water, the company has now entered the bottled water sector, boosting its position in the industry.
separating Hemp Energy drink and that of CBD energy water.
Thanks I boo boo'd counted June instead of starting with July count. But I'm still hoping for an update and the SEC sanctions.
I think next week should be quite interesting.
Thursday fins are due!
Friday will make 3 full months waiting on the SEC!
Then we are well over due for an update and PR.
Let's see what happens.
GLTA
l believe Clayton Dist bailed out before the Pandemic hit. But we still have Savanna Dist with locations in Savanna and Atlanta. Gold Leaf also has a small representation going from Greenville SC to Macon Ga. I think they are all from the batch of Circle K gas stations they landed ages ago. So we have representation in GA but not substantial
.
I want to thank you I was able to pick up another 20k shrs this morning @ .023. approaching 700,000 total.
GLTA
I read it the same way.
waiting for it to hit .0245 again tommorow to buy a ton. Got order in for 575000 shrs.
glta
Personally I sold a little over half my position this morning. I just can't fathom such a large OS for such a little company. Since preservation of Capital is also important I will wait and see what happens. We will see what happens over the next month.
Still holding 300,000 shrs.
GLTA
03's possible but like to get more guarantee. Got the .04's and happy as a lark!!!!
I'm holding off for .04 either today or tomorrow. Still have to go thru
Holiday sell off. Flippers are pretty predictable. Got a bid in for 200,000
@ .04
To me it looks like profit taking before long week end coming up. I suspect
a little more of that until close early on Thursday. Then resuming up trend on Monday.
To me it looks lik
Boy are you behind in the times.!!!
Those shares were converted into a note for over a million in cash over several years payment.
Totally unaffected by RS
How about "HELLO " .032
How about "HELLO " .032
That type news is for the bigger markets. This is the OTC.
Any
That type news is for the bigger markets. This is the OTC.
Any how we are currently up over 6% on the day!!
Problem here is our flippers get nose bleed at .027 and they bail and lower bids to .026.. They should do more DD and correct that problem!!
share structures are usually updated once a month around the 8th so they are right on target!!!! and time!!!!
We have too many flippers and not enough investors at this time. When all is said and done. More investors will come and flippers will slow.
I will sit with my 600,000 and wait.
GLTY
OOOP'S DOUBLE POST
Maybe someone who has difficulty reading fins also needs to re read the news article:
Melbourne, FL May 21, 2020 /PRNewswire/ -- Kona Gold Solutions, Inc. (OTCQB: KGKG), a hemp and
CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to
announce an increase in sales during the second quarter of 2020. The Company has reported an increase
of sales in its wholly owned subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC.
Kona Gold’s statewide distributor in Alabama, Alabev, hit their Q1 target numbers in sales of Kona
Gold’s hemp energy drinks, and excitement around the brand has grown. The two companies worked
together on an incentive program to get product into the market, which was extremely successful. The
Company’s statewide distributor in Michigan, which currently distributes Kona Gold’s hemp energy
drinks, will be bringing the Company’s HighDrate CBD Energy Waters and Storm CBD Waters into their
markets next month.
Kona Gold is currently in discussions with large distribution houses in Florida, Virginia, West Virginia,
Wisconsin, Minnesota, and Kansas. The Company continues to work with a large Southeast grocery
chain to brings its Kona Gold Hemp Energy Drinks into their stores. As the economy begins to open up
and loosen restrictions associated with COVID 19, the Company has seen an increase in engagements to
bring its products to new distributors and retail locations.
Gold Leaf Distribution, who distributes Kona Gold products and other beverage products in Florida and
South Carolina, continues to experience month-over-month growth and is having a record month in May.
Gold Leaf delivers product to almost 700 retail locations, including over 200 Circle K’s, BI-LO’s, Piggly
Wiggly’s, 7-Eleven’s, BP’s, and many various independent retail locations.
“With states reopening and restrictions loosening up due to COVID 19, we are now seeing an increase in
orders and demand for our products,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “The
Company made a strategic move late last year to pursue larger distributors and we are now seeing those
efforts pay off with the success in Alabama and Michigan in our statewide distribution there. We have
seen an increase in distributor orders this month and anticipate June to be a strong month for sales as the
Country shifts back to a bit of normalcy.”
Clark continued, “Recently, Anheuser-Busch distributors around the country that had exclusive contracts
to distribute a leading energy drink, had those contracts terminated as Pepsi Co is now taking over
distribution of that brand. This has created opportunities in many states and our team has already begun
reaching out, sending samples, and setting up meetings with many of these distribution houses.”
Kona Gold continues to support its projections of $6-8 million in revenue for 2020. The COVID 19
pandemic has impacted the Company with a slow start in 2020, but current pipeline fill and developments
have the Company on pace to hit those numbers in the second half of 2020
You must have lousy broker. I filled out E-trades form back when they got unrestricted and no problems.
When they last were trading @.04 I didn't like the looks of things and sold and bought more KGKG.
Looks like a good deal finally made and worth waiting for.
It's been long frustrating wait but well worth it.
GLTY
Here's your Green
Knife
Do I understand this paragraph correctly?
They discontinued some distributors for bigger and better things and got caught with their pants down, when they didn't close new contracts in a timely manner for whatever reason. But will likely close these deals in the second quarter or shortly there after;
under sect 14 second paragraph;
The Company attributes this decrease to the discontinuation of unfavorable distributor agreements in an
effort to sign larger, more favorable agreements with reputable tier 1 and mid-size distributors and grocery
chains. These contracts saw unforeseen delays and were additionally impacted by the COVID-19 pandemic
at the end of the quarter. The COVID-19 pandemic not only impacted new contracts, but the delay in
launching of products. The Company expects that revenue will increase in the following quarter as many
contracts will come to fruition and product launches will occur.
Greg
I think Gold Leaf alone will do $200,000 this past quarter. They have 3 times the products and over 600 outlets. Grocery chains, food marts, and Circle k franchise. With prediction of about 1.5 million this year, it should be a real gimme.
I got that saying all wrong.
I retired
Got old
Now I'm holding
No massive dumping! Just impatient flippers !!