Kona Gold Beverage Inc (KGKG)

[Squeezer]

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.