Kona Gold Beverage Inc (KGKG)

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Melbourne, FL, Feb. 02, 2022 (GLOBE 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 its wholly owned subsidiary, Gold Leaf Distribution, has posted its highest revenue month in January, closing out with approximately $215,000 in revenue and gross margins of approximately 31%. Gold Leaf’s Melbourne, FL and Greer, SC locations both posted profits for the month of January. Gold Leaf’s Conway, SC location, which opened in October of last year, is expected to near profitability in the next several months as beverage season kicks in during the Spring and Summer months.

Gold Leaf Distribution recently received authorization to distribute to 52 Quik Trip (QT) locations in South Carolina, where it will be delivering a selection of products on a weekly basis to these stores starting in February. This selection of product will be new brands for Gold Leaf and is big milestone for the Company to begin distributing to a popular quality chain that has been serving customers with quality products for over 60 years.