Yes it does. From the last quarterly report for KGKG:
“On November 27, 2019, Kona Gold Solutions, Inc entered into an agreement with Elev8 Brands, Inc., whereas Eleve8 Brands, Inc. would receive all 2,746,723 shares of Ele8 Brands, Inc. Series D preferred stock for a non-convertible promissory note to Kona Gold Solutions, Inc. for $1,500,000 with payment due November 27, 2029.
As of December 31, 2019, and 2018, this investment is disclosed only and no asset is recorded on the accompanying balance sheets”
*KGKG is in a good position. Giving VATE a decade to pay up seemed crazy at first, but now it looks genius. Turns out they might get paid over the course of time, instead of having the shares go to nothing*
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