Kona Gold Beverage Inc (KGKG)

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Dig!
copy of update letter

Thanks a million worth LUHO
I think all should read this so here it is!!!
To Our Shareholders:
I am very pleased to be able to communicate with our loyal shareholders directly and to give you an update on our progress and growth during the first two quarters of 2018 and beyond. Kona Gold Solutions, Inc., a holding company, has positioned itself as a solid competitor in the functional beverage sector with the development and marketing of products such as its popular hemp infused energy drinks and the markets first CBD energy waters. We continue our efforts in growing the company through our distribution partners, creating market awareness, and by developing award winning products that resonate with the health, wellness, and fitness markets.
Kona Gold had record sales during the second quarter of 2018, increasing revenue by over 160% from the previous quarter. The increase in sales was driven by the culmination of bringing on new distribution partners, sales from new and existing retailers, Amazon sales, and direct website sales. The Company continues to see record growth to date and will be ramping up production of our Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters in the coming weeks.
[/bKona Gold is in the process of formulating its new hemp infused energy drink that will have the same great taste that consumers love, but with healthier ingredients. Our new hemp infused energy drinks will not only have healthier premium ingredients, ]but will have more organic hemp, a little more caffeine, and best of all, will come in a bigger 12 oz. slim line printed can. Production will begin soon on the company’s popular original and sugar free flavors, with plans to add some exciting flavors to Kona Gold’s Hemp Energy Drink line up in the near future.
The Company has seen huge demand for its HighDrate CBD Energy Waters and has begun another production run after selling more than 10,000 units from launching in late December. Demand from distributors and retailers around the country continues to grow at a rapid pace and we do not anticipate this to slow down. We continue to focus on our CBD products as demand continues to increase in this exciting growth market.
The company is looking to add additional products to its portfolio. We are currently developing a high-demand product that will complement our current offerings, a product our current distributors are asking for. We will update our shareholders as we complete the development cycle and move to production.
We are hiring at Kona Gold and I’m excited to announce we are very close to hiring a new V.P. of Sales for the company. The Company has been seeking a seasoned veteran in the beverage industry with more than 10 years of experience and a proven track record that will take sales to the next level. We plan to make an announcement on filling this position toward the end of this month or early September. The Company is also interviewing for an outside sales position in Orlando, FL and are looking to have this position filled very soon.
Kona Gold Solutions has been undergoing an audit by a PCAOB independent public accountant, which we anticipate to be completed this quarter. We will continue to update our shareholders as we move forward with our audit and continue to meet all requirements in our efforts to uplist to the OTCQB market tier.
With Kona Gold Solutions and Elev8 Brands seeing exponential growth, I will no longer be serving as President of Elev8 Brands in order to focus 100 percent of my time on Kona Gold Solutions. Ryan Medico will no longer be serving as CFO of Kona Gold Solutions, so that he can solely focus on the growth of Elev8 Brands. The Companies will continue to work closely together and provide support to each other where needed.
In closing, I want to thank each and every one of our shareholders for your interest and continued support of Kona Gold Solution, Inc. I encourage you to contact our investor relations email at [e-mail] regarding any questions you may have about the Company.
Sincerely Yours,
Robert Clark
Chief Executive Officer