Kona Gold Beverage Inc (KGKG)

[ProRecommend]

Melbourne, FL, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Kona Gold Beverage, Inc.(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 subsidiary, Kona Gold LLC, has expanded its sales team with the hiring of a Wisconsin Territory Manager and a West Coast Region Territory Manager. Both hires have extensive beverage backgrounds and are already making an impact on sales within the Company. Kona Gold, whose distribution partners are primarily on the East Coast and Midwest of the United States, is excited to be expanding to the West Coast of the U.S. Within the last week, the Company has signed two new distribution partners, one in Nevada and one in California, which it will be announcing very soon.

Kona Gold Beverage (KGKG) continues to have record monthly and quarterly sales and anticipates that growth to continue through the rest of the year. By expanding its sales team and adding new distribution partners, the Company anticipates having a very strong second half of the year as it already has a record sales year in 2022.

"I'm very excited to announce the addition to our sales team with the recent hiring of our new West Coast Region Territory Manager, Brett Catanzaro, and our new Wisconsin Territory Manger, Mike Kardelis," stated Robert Clark, CEO of Kona Gold Beverage, Inc.(KGKG) "Both gentlemen come to us with great experience in growing beverage brands and are already making a big impact on our team. I'm looking forward to them growing our Wisconsin market and expanding into California, Nevada, and other states on the western side of the United States."

Kona Gold Beverage (KGKG) recently announced its second quarter gross revenue was the highest quarterly gross revenue in Company history. The Company's subsidiaries combined gross revenue was approximately $1,230,000 for the second quarter with subsidiary breakdowns of approximately $955,000 from Gold Leaf Distribution LLC and approximately $275,000 from Kona Gold LLC. Kona Gold Beverage's(KGKG) 2022 Q2 revenue is an increase of approximately 15% from the previous quarter and an increase of approximately 44% from the same quarter in 2021.

For more information regarding Kona Gold Beverage(KGKG), please visit:
https://konagoldbeverage.com/