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Really ? , Then what is this PR ?
"We are thrilled to officially welcome Kona Gold, LLC to the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition aligns perfectly with our vision to diversify and strengthen our market presence. By integrating Kona Gold's innovative product line and strong brand loyalty with Bemax's robust operational capabilities, we are well-positioned to drive significant growth and deliver enhanced value to our shareholders."
As part of the acquisition agreement, Bemax Inc. will issue Two Hundred Thousand Dollars ($200,000) in Restricted Common Shares of Bemax, Inc. (OTC Pink: BMXC) to be paid to Kona Gold Beverage, Inc. (OTC Pink: KGKG) shareholders in the form of a dividend. This arrangement reflects Bemax's commitment to providing tangible value to the shareholders of both companies, ensuring a mutually beneficial outcome from this transaction.
https://finance.yahoo.com/news/bemax-inc-completes-acquisition-kona-123000447.html
I should elaborate more.....You will own a diaper company once BMXC gives you shares as a dividend.
I believe the end of March. However, the record date of those dividends and your ownership in KGKG
at that date and time will decide if you get those dividends.
You are invested in a diaper company. LOL, BMXC bought KGKG
https://finance.yahoo.com/news/bemax-inc-completes-acquisition-kona-123000447.html
Anyone see a change in the products pages of Kona Gold Beverage ? The Hydrate product on " our brands " seems to have a colorful second page once clicked on . It says " Coming Soon " . Same with Covert products, says online ordering , coming soon.
I don't remember anything except a little box below the product on the first page that said coming soon or out of stock. The only reason I looked was to see if they are still paying for a website that sells nothing.
Maybe its not the amount of DEI employees , but the SEC REGULATIONS with competent people enforcing some better rules.
Wouldn't the reverse merger get rid of Kona Gold and assets be absorbed into the other already existing and trading company ?
My view. Does anyone remember the deal between Kona Gold and Apple Rush company link provided
https://konagoldbeverage.com/2024/04/11/kona-gold-beverages-apple-rush-co-execute-joint-venture-manufacturing-agreement/
Has anyone been keeping up with Apple Rush otc news, like buying a trucking company, expanding manufacturing and warehouse expansions. The completion stages announced in November. Link provided.
https://www.otcmarkets.com/stock/APRU/news/Apple-Rush-Company-Inc-Announces-Expansion-of-warehousing-Space-in-Lena-Brewery?id=459627
My opinion, if anything is going to happen with Kona Gold, Apple Rush is betting big and LENA BREWING looks to be ready. My opinion
but the name alone is worth money and the recipe for a popular energy drink should also be worth money. Bemax stated a dividend to kona gold shareholders. I've been holding since Jan 24, drink season 2025 will be here before you know it.
Gold Leaf Distribution , glad we did not meet the goals to buy it. But Somebody must be getting the distribution of those products.
https://goldleafdist.com/
News Out ! Two pages worth, here is the link
https://konagoldbeverage.com/2024/10/15/kona-gold-beverages-inc-announces-strategic-progress-and-corporate-evolution/
Ever feel like you have been parted out and sold for scrap ? Just waiting around to find
out how much the weight of steel, lead and copper pay. Oh, and Energy drinks, they use
to have value also.
Update from BMXC yesterday , but not a single word mentions the reverse merger or Kona Gold.
Transparency is about as clear as mud.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-Mid-Quarter-Business-Update?id=455116
I see the stock went from .0003 to .0004, did someone open an " OLD " can of Kona Gold
Hemp energy and share it with a friend ?
I was contacted by the Guinness book of world records, they wanted to verify Kona Gold Beverage was
the company that took the longest in OTC history to change its name since announcing so. They are also considering Kona
for the most times telling their shareholders they were moving forward and in a new direction without actually
moving anywhere in a noticable direction.
Waiting on that nationwide teleconference to update the shareholders. Last PR says " after " the reverse merger completed.
You would think they would want to capitalize on a profitable quarter.
You guys are funny, playing the doom and gloom of Kona Gold. All while everyone will be getting a small dividend from Bemax
and Bemax will be helping Kona Gold realize its full potential. Read the article about Kroger and Bemax.
Don't forget to read this part. "This initiative, which has brought JPMorgan Chase to partner with LISC, will further provide Bemax with increased exposure to capital and community networking among American businesses, especially potential major grocery store buyers of our private label brands, says Taiwo Aimasiko, CEO, Bemax Inc. We continue to work to expand our distribution network, increase sales, and establish long relationships that present potential, beneficial partnerships.
Link: https://www.otcmarkets.com/stock/BMXC/news/Bemax-Receives-Krogers-Invitation-to-Attend-Suppliers-Diversity-for-Suppliers?id=446361
This may help some understand. Sounds like Bemax will have a new subsidiary , they may change the name, but it will stay
a beverage company with all of Bemax's distribution channels and hopefully funding to make it work.
https://investorshangout.com/kona-gold-and-bemax-inc-announce-key-acquisition-deal-757-/
Was waiting for notice of late filing for 2nd quarter,
apparently , yesterday it was filed.
Should be some filings to tell all, they also need a record date.
Very strange we see this with a 8/12 date and another PR on 8/12 saying they were
making a decision between two companies for a reverse merger. They said PART of
the agreement for Bemax , I want to know the rest of the agreement.
As part of the acquisition agreement, Bemax Inc. will issue Two Hundred Thousand Dollars ($200,000) in Restricted Common Shares of Bemax, Inc. (OTC Pink: BMXC) to be paid to Kona Gold Beverage, Inc. (OTC Pink: KGKG) shareholders in the form of a dividend. This arrangement reflects Bemax's commitment to providing tangible value to the shareholders of both companies, ensuring a mutually beneficial outcome from this transaction.
link : https://www.nasdaq.com/press-release/bemax-inc-completes-acquisition-kona-gold-llc-2024-08-12
Seems odd that you can still go onto Amazon , search for Ooh la lemin, buy it
if you like and it says over to the right . Sells and ships by Kona Gold. Someone
is still making money.
Dated July 17th 2024
Kona Gold Beverages is pleased to announce the successful initiation of a production run for its HighDrate drinks. The initial production runs were smooth, with the cans boasting a striking appearance and the taste receiving positive feedback. However, subsequent to these runs, the manufacturer has been unresponsive and has proven unable to meet Kona Gold's large order demands. Consequently, Kona Gold Beverages is actively collaborating with several other manufacturers to ensure the timely and efficient production of HighDrate drinks, aiming to bring them back on track and to market as soon as possible.
Bemax got an invite from Kroger on 7/10 for a suppliers diversity supplier.
Covert which Kona Gold bought and still owns has a unique Consumer packaging unit, Wow so does Bemax, maybe a nice addition
Surge Dist or old Gold leaf Dist will probably be bought by Bemax to add to their distribution. You can never have too many distribution channels
Lots of posibilities in my opinion, I also think the 15th should bring news or a filing. No one has seen the 2nd quarter and I would think any buyer
would be very interested in what Covert revenue is.
My opinion , I think the debt holders are calling the shots, they could probably call in the loans and take the company.
Bemax has got to be the tool they are using to acquire us. Personally , I think the name KONA GOLD
is probably worth more to a company than whatever they are selling out of Melbourne, FL. at this time.
What gets me is they never came out with a 8K about one of the Ooh La Lemin flavors that became
a tainted batch. Then the maker buys ooh la lemin, then silence , then football player Ceo's, then name
change, Now this. Getting rid of debt would be great. The only problem is WE still don't have any
Kona Gold Hemp Energy to drink , I'm crossing fingers that the Apple Rush deal is still on and we all get
to drink Kona by Christmas. Call me an optimist.
I will say however, that I had a friend who did well in funeral stocks , because people are always dying.
So , I would guess the diaper and tampon biz is similar.
My very first thought when I read the news " Being bought by a tampon maker will bleed us all dry "
Then I noticed they were trading at 7x our price.
Just a guess, maybe the buying company is owned by some of the people we owe money to and there is
no need to buy some of Kona twice. So details must be worked out. Didn't I just mention a soap opera yesterday ?
the plot thickens.
More believable link from the OTC
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Signs-Letter-of-Intent-to-Acquire-Kona-Gold-LLC?id=449137
No one going to try and guess who we might reverse merger with ? Lets see, could be Loud Beverage, could be Apple Rush
could be the original maker of ooh la lemin. Daytime soap opera's have nothing on the OTC
The Companies go well together, once debt settlements/agreements are made, they finally put a new name on the holding company and get production
runs for Highdrate D9 and Kona hemp energy we will already have distribution channels. As far as shelf space, Neither Amazon or Walmart have deleted
Kona from showing up as a out of stock item. If Covert and Surge can each bring about 5 million annually, maybe the lack of launch during the drink season
won't hurt as bad as we think. Again, I'm waiting to see what the 2nd quarter looks like, won't the 15th be deadline ?
At least the company still has income while they figure this out. Maybe the next quarterly report will give us an idea.
Covert llc has multiple sites.
The Company, boasting multiple facilities in North Carolina, South Carolina, and Florida, has consistently generated annual sales of over $5 Million Dollars for multiple years, with ambitions to reach $1 Million a month in sales this year. With a presence in 18 states and ambitious plans to double this reach, Covert LLC has consistently demonstrated its potential for exponential growth. The acquisition is set to enhance Kona Gold's product portfolio, market presence, and financial performance, positioning the company to set a new standard for growth and operational efficiency in the industry.
Link: https://konagoldbeverage.com/2024/03/12/kona-gold-beverage-inc-successfully-acquires-covert-llc-a-leading-multimillion-dollar-cpg-company/
Surge distribution is at the Melbourne, FL site.
Surge Distribution LLC, renowned for its dynamic presence in the distribution sector, is already on course to achieve an impressive $5 million in annual revenue in 2024. With this landmark acquisition, Surge Distribution seamlessly transitions into the fold of Kona Gold Beverages, Inc., operating as a wholly owned subsidiary. This move exemplifies Kona Gold's unwavering dedication to broadening its product reach and delivering unparalleled distribution services to its discerning clientele.
Link: https://www.prnewswire.com/news-releases/kona-gold-beverages-inc-acquires-surge-distribution-llc-from-loud-beverage-group-inc-lbev-302118099.html
I know that the Joint Venture was announced back then , what I'm saying is, Kona Gold says they got a production run and then no response from the manufacturer. BUT THE MANUFACTURER IS SAYING THEY ARE GOING TO BOOST PRODUCTION BY 5X from there PR just a few days ago.
So either they took on much more business from someone else or Kona is pulling our leg about the reason for delays in production.
The joint venture with Kona Gold and Apple Rush must be in tact, they are gearing up for 5x production, this news out yesterday from them.
https://www.otcmarkets.com/stock/APRU/news/Apple-Rush-Company-anounces-expansion-of-Lena-Brewing-to-increas-capacity-5-fold?id=446525
News Out several topics, CEO should go back to ALKM for highdrate production, Unless the old CEO burned that bridge.
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverages-Reaches-Out-to-Largest-Debt-Holder-for-Debt-Purchase-Negotiation?id=447025
Daily list for FINRA effective 7/1 VIBEF
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
The only association was ALKM, that Kona used to make some of their drinks. I know because
I bought shares of ALKM, but it does not reflect on the business of KONA, only that ALKM
appears not to be the maker of drinks for us anymore.
How were THOSE companies associated with RC and Kona ?
Because that was a joint venture called Farmersville that failed before it ever got off the ground.
Here is good link for that info:
https://finance.yahoo.com/news/pura-publishes-farmersville-hemp-brand-133900219.html
Nice to see the Yield sign gone. Three weeks left in the second quarter.
Say, wasn't there a launch of products scheduled for the second quarter ?