Kona Gold Beverage Inc (KGKG)

[Luho]

Curious to see the actual shares and money paid to acquire Lemin. I’d assume we had to give up quite a bit on the share count, considering Kona’s cash position isn’t much (as Kona themselves also admitted in the prospectus).

It’s fairly clear that retail isn’t too thrilled about the Lemin acquisition coupled with zero PRs about original Kona products yet in 2021 (and hardly any in 2020 as well). This could also be another reason why we aren’t moving (haven’t been for quite some time) while all other otc pot stocks have seen great activity lately. Are we phasing out the hemp/CBD products? The recent focus is clearly on Lemin. Were those 2 deals (Carolinas and international distributor) the only 2 deals Kona was able to deliver over the last year? Doesn’t paint a pretty picture. I honestly thought we’d see actual KONA news by now. Lemin is nice, but showing progress with Kona products would go a long way.

At this point, we have to expect pretty low Q4 numbers as well, when they are released. If there has been a boost in Kona revenue, the company hasn’t done anything to relay that positivity to investors. So I’m not getting any hopes up there.