Kona Gold Beverage Inc (KGKG)

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Kona Gold Beverage, Inc Announces Record Revenue Month in January Eclipsing Half a Million Dollars for the First Time

PR Newswire

MELBOURNE, Fla., Feb. 2, 2023

MELBOURNE, Fla., Feb. 2, 2023 /PRNewswire/ -- Kona Gold Beverage, Inc. (OTCPK: KGKG), a holding company focused on product development and distribution in the better-for-you and functional beverage sector is pleased to announce for the first time it has surpassed $500,000 in monthly revenue in January, a huge milestone for the Company. During the same month last year, Kona Gold Beverage had approximately $275,000 in revenue. Historically, the months of December and January are generally the slowest in the beverage industry, which is a testament to the strong growth the Company continues to execute on. The Company hit its revenue targets in January for both its subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC.

Kona Gold LLC has recently partnered with several new distribution partners around the country to distribute its Ooh La Lemin Lemonades and has several new partners coming on board within the next month. Gold Leaf Distribution had a record revenue month in January and they continue to see outstanding growth with popular new products it distributes in addition to the new convenience and grocery chain partnerships. With the spring and summer months being the busiest in the beverage industry, both subsidiaries anticipate a ramp up in revenue as those months get closer.

"I am excited to announce to our stockholders we have finally eclipsed the half a million-dollar mark in monthly revenue, which is a huge milestone and accomplishment for our teams across both subsidiaries," stated Robert Clark, CEO of Kona Gold Beverage, Inc. "Kona Gold and Gold Leaf both had a record January in terms of revenue and Gold Leaf had an all-time record month, which is an amazing accomplishment to happen in January. We are ramping up for the busy months of spring and summer and look to continue to increase sales, gain market share, and grow revenue."