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Anytime
Again, it all depends on reasoning and circumstances. Just because you picked 3 bad plays doesn’t mean all of them are negative. One recent example is GMGI. Do some actual research.
Are you asking about the largest chains that carry Kona, Highdrate or Lemin? If so, I would say WaWa, Menards and Plaid Pantry are currently the largest and they are all Lemin only.
If you are asking about the largest chains that Gold Leaf supplies, I know they had some products into Speedway, Subway and Target.
I don’t think we have any KG products in Target. I am fairly positive that Gold Leaf is distributing products to Target, most likely the Boxed Water brand.
There is absolutely no reason for a RS in the near future. The stock is not moving because it is fairly valued based on the current sales and multiple. If the company continues to add large deals, or even better can accelerate the pace of the large deals, then we will see price appreciation not only due to the increase in sales but also the multiple will increase as it will be a fast growing company.
That being said, once the company has a solid history of growth and profits, I see a RS adding value in the way of moving from the OTC market to a large exchange.
My ideal situation is ride organic growth to 50M in annual sales, add in a 12X multiple and we will have a market cap of ~600M. As long as management can keep current SS as it is we will have a .55-.60 pps. Execute a 10/1 RS and simultaneously uplist to a major exchange trading in the $5.50-6.00 range. Allowing institutional investors to come on board. Recipe for success.
Not all RS are bad, but they need to be executed correctly and for the right reasons.
Most companies I invest in purely for the profit. Having dogs of my own, this is a company I am investing in to watch succeed.
Not all market makers pull their quotes at the same time. Same reason there is still a bid after the close.
You are seeing the current ask after the market is closed, not the closing price. Big difference. No shares were traded at that price.
News out
Konagoldhemp.com
Or go to https://konagoldbeverage.com/ and you can follow the links to any of the other products Kona has to offer, Highdrate, Storm and Lemin
They did just tell Shareholders and yes, it is a big deal
Spot on forecasts and analysis, as usual Luho. One concern I still have from Covid is the supply chain. Yes, there is a resurgence of money, travel and outright spending but the supply chain is still heavily damaged for many industries. From what I have been seeing/hearing I am not positive that KG is completely immune from this.
Bottom line is your expectations/forecast should be easily attainable and beatable, but I still have some concerns for KG that may be out of their control for the time being.
Agreed. Far from ideal, but in this case, it seems mostly out of their hands.
Reason for Delay in Posting Financial Report:
State below in reasonable detail why the Annual/Quarterly Report could not be filed within the prescribed time period.
The delay is principally due to the acquisition of S and S Beverage, Inc. (“S and S”) in February 2021, as the audit of S and S’s financial statements for its fiscal year ended December 31, 2020, will be completed only a few days prior to the Company’s filing deadline for the Form 10-K and, accordingly, the audit of the Company’s financial statements for its fiscal year ended December 31, 2020, will be completed shortly thereafter
Interesting. I have been waiting for the website launch as well, and a bit disappointed it hasn’t happened yet. They are definitely pumping it out to distributors in the meantime.
What do you mean when you say a rebranded lemonade that hasn’t been rebranded? I had several pallets shipped in and all of the Lemin has the new packaging and labels.
The new cans had not made it to Florida, but I believe they first go to the Greer, SC warehouse. 30k sq ft warehouse vs a roughly 2k sq ft.
A lot of these sales may very well be from initial orders to the new distribution channels. I was just pointing out that I anticipate the large orders to continue if they haven’t even gotten the new cans to their Florida Gold Leaf outfit.
I have heard posts here stating that and also on the FB group, but have not heard or seen the company saying that. The closest I have heard was that the company was redesigning the boxes that Kona ships in. This is intended to help make the product look appealing in cases on store shelves. The old cases of Lemin utilized this practice, I assume the new ones will as well.
You may have been spot on, I was just saying that it is a hard number to place. I think the 50-100k is a very safe estimate.
As of last week, bulk delivery of the new cans of Lemin had not yet made it to Florida, but we had evidence from a RC tweet that they were getting out to some distributors. Hopefully that is a sign of large demand, and that they will be ramping production accordingly.
Your point is on target, but sales volumes fluctuate wildly between winter and summer months, and the spring/summer rollout is just beginning. To say they had a monthly average based on a final year end result is a stretch in the beverage industry.
Wait just a min.... are you trying to tell me that an OTC company that is in the growth phase is not a mature company?! Oh my goodness, I think you are finally starting to catch on, congratulations!
Are you surprised by this, given the recent filing? Again, learn how markets work, mr whale.
Correct, needing funds to add to inventory so that you can continue to sign massive distribution agreements adds no shareholder value! Priceless!!
Hey, wait a sec.. aren’t you the guy who got trolled by KG and replied with “real mature”?! Man, that was pathetically hilarious.
Ahhh, once again... showing your lack of understanding in the markets... such an amusement! Most entertaining self proclaimed “whale” I have seen
Just to be clear, because one company raised capital through the selling of shares (which is the purpose of being publicly traded) and was unable to turn that capital raise into a successful business, you blame the lender?
I am sorry you lost a ton of money on the other stock but you should only blame that management. Robert Clark and Kona Gold are signing with tier 1 distributors and massively growing the business.
Read the purpose of the capital raise, they are needing to front load a ton of inventory, and per their last financial report they still had ~700k of inventory.
I believe KG has net 30 terms for their distribution agreements, so basically they needed and injection of funds to keep up with growth demands.
KGKG is definitely not in the same situation as you have portrayed.
Best of luck on your future trades/investments. But I recommend a better strategy if this example is how you approach your selections.
It simply means they have backed well away from the current price action.... .10 is simply a hold point, they could have made it 1.00 or 10.00 either way, they don’t expect to be selling any shares. This has nothing to do with shorting shares, just shows that they are not actively attempting to sell any shares at the current prices.
CFGN (the Market Maker who showed up directly after the completion of the S-1) had been undercutting most of the other market makers and keeping the price suppressed. A little over a week ago they backed off and have been showing no shares for sale under 10 cents.... so I was saying that they “parked” their asking price at .10. Sorry for any confusion and I hope that helps! Any further clarification don’t hesitate to reach back out. Best of luck!
I have seen them parked at .10 on E*TRADE L2 since moving off of the ask a little over a week ago.
Once I get to an actual computer I will make it a priority to get some current information up. Thanks, Cabo
Out with the old, in with the new. Our new branding looks amazing and has closed new distribution and big C-store deals...stay tuned! $kgkg pic.twitter.com/rHQLUcC0nf
— Robert Clark (@RobertClarkCEO) February 8, 2021
L2 looking great to start the week.
The price action proves that you are clearly correct in regard to retail being put off. That sentiment surprises me. Personally I love KG and Highgate, but the bottom line is if the company is able to diversify its holdings and immediately add revenue then they would be insane not to. At the end of the day the only thing that matters is whether or not the company is profitable thus avoiding the need for further dilution and the inherent value of each brand they own.
I like to go back and look at recent brand buyouts in the beverage industry. One of the most notable in my mind was DPS buying Bai. Bai had not yet reached national coverage and was still in the build out phase. This build out generated revenues of $108M in 2015 and $231M in 2016. DPS paid $1.7B for the Bai brand. Nothing to do with Hemp or CBD, just a growing popular beverage brand.
Now let's assume KG is able to get just one of the currently 4 brands to go national.... how about all 4 of them...
Kona Gold Beverage, Inc. Signs Distribution Agreement with Beverage Distributors, Inc. to Distribute OOH LA Lemin in Ohio
Kona Gold Beverage, Inc. Signs Distribution Agreement with Beverage Distributors, Inc. to Distribute OOH LA Lemin in the State of Ohio
Melbourne, FL -- February 4, 2021 -- InvestorsHub NewsWire -- Kona 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 it has signed a distribution agreement with Ohio based Beverage Distributors, Inc. Beverage Distributors will distribute OOH LA Lemin throughout the state of Ohio.
Beverage Distributors is a family-owned business focused on quality customer experience. Currently, the Conway family owns and operates the community-centric wholesaler. They have exclusive distributorship agreements with some of the best brands in the world.
Beverage Distributors employs approximately 150 people including drivers, warehouse personnel, sales representatives, merchandisers, office staff, managers, and maintenance. As a company, they PRIDE themselves in the following standards: Performance, Respect, Integrity, Development, and Excellence.
“I am delighted to announce OOH LA Lemin will now be available in Cleveland, Ohio and surrounding key markets by way of our new distribution partnership with Beverage Distributors,” stated Chris Selinger, VP of Sales of Kona Gold Beverage, Inc. “Beverage Distributors is regarded as one of the best distributors in the state of Ohio. This new relationship will be vital to the success of OOH LA Lemin in key markets in Ohio.”
?
Kona Gold Beverage, Inc. Announces Distribution Expansion with Odom Corporation
Melbourne, FL -- February 2, 2021 -- InvestorsHub NewsWire -- Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding company focused on product development in the better-for-you and functional beverage sector, is pleased to announce the expansion of OOH LA Lemin’s distribution footprint with The Odom Corporation. Odom currently distributes OOH LA Lemin in the states of Washington and Oregon. Kona Gold Beverage plans to launch a cooler program where OOH LA Lemin will have 8 facings (1 full shelf) in 120 of Odom’s top independent accounts.
The Odom Corporation is a family-owned business that distributes the best in brand-name beverages throughout Alaska, Washington, Idaho, Oregon and Hawaii. Since 1934, Odom has built and maintained lasting relationships through the principles of commitment, integrity, quality products and superior service. They take pride in these traditions and are dedicated to maintaining them for generations to come. Odom was proudly named Market Watch’s 2018 Beer Wholesaler of the Year. In 2019, The Odom Corporation was nominated for the Anchorage Chamber Gold Pan Awards for Business Excellence.
“I’m excited to announce to our shareholders that OOH LA Lemin will be expanding its market presence in the state of Washington and Oregon with our partner, Odom Corporation,” stated Bill Stineman, VP of Product Management & Innovation of Kona Gold Beverage, Inc. “Odom is one of the largest distributors in the country and has done a phenomenal job with the brand. We are excited to be expanding OOH LA Lemin’s market presence to an additional 120 of their top independent stores in prime locations.”
That is my loose observation of the numbers as well. Either CFGN will sell all the lots available to them or management will need to finalize these larger distribution deals and announce the upward shift in revenue to get this turned around.
I have few doubts that the next run will come, it’s just a matter of company execution from here. The Spring updates will be coming soon for many retailers as the busy summer season for beverages approaches. If KGB is going to have a breakout year, we should start seeing the first signs of it over the next 2-3 months.
The company has done nothing but dilute since the S-1?! Do you honestly not realize that the S-1 is the actual source of the dilution? Did you not read the filings?! That is precisely how all of this works and we know exactly how much dilution is coming from it.
Thanks again for another great laugh!
And no. A rebrand does not cost millions.
Right there with you.