Kona Gold Beverage Inc (KGKG)

[gman3]

First week of April should tell us a fair amount. Annual Report should be out by then and they will likely make a revs comment about Q1. If they can keep pace at $500K revs/month in Q1, their chances of exceeding $6M for the year should be pretty good. If they can maintain 5% growth month over month for the balance of the year, they have a real good shot $8M for the year. Gold Leaf has been maintaining that pace for most of 2022, so if they can get the bevs side matching that, KG should be fine. I would expect the first half of the year to be better than expected as the WM placements and new distros play out. The latter half will be indicative of how well OLL is taking hold with customers. The dark horse is the hemp drinks and if there is any uptick with the new cans and marketing to support it.

I like their chances, but it's all about execution now.