MELBOURNE, Fla.--(BUSINESS WIRE)--Kona Gold Solutions, Inc. (OTC Pink: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce it had a record month in May with revenue just over $200,000 from sales of its popular Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The Company continues to exceed revenue projections and is on track to hit $600,000 in revenue for the second quarter of 2019. Kona Gold originally projected second quarter revenue of $400,000, which it has already surpassed, with almost a full month remaining in the quarter.
Kona Gold recently launched two new flavors of its Kona Gold Hemp Energy Drinks during the last week of May, extending that product line to 7 flavors. The Company anticipates a spike in revenue for the month of June from its two new flavors of Kona Gold and two new flavors of HighDrate CBD Energy Waters that are expected to launch in the next two weeks, along with the launch of the Company’s highly anticipated Storm CBD High Alkaline Water later this month.
“The Company is growing at its fastest pace ever, adding more distribution partners, in more states, quickly growing our market share and market presence in the hemp and CBD beverage space,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We are now seeing shorter durations between re-orders and larger re-orders from our distribution partners, which is a key indicator of the success our products are having in the market place.”
Clark continued, “Our recent launch of our two new Kona Gold flavors, Bubble Gum and Candy Apple, was very successful with over $5,000 in Amazon sales in the first 24 hours alone. Our distributors are now receiving the new flavors and they are quickly getting them on shelves in grocery markets and convenience stores around the country.”
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Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc., a Delaware Corporation, has created wholly owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line; please visit the Company’s website at www.konagoldhemp.com. HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors; please visit the Company’s website at www.highdrateme.com. Gold Leaf Distribution, LLC was created to fill the Company’s distribution needs in markets it wants to quickly enter. The Companies are located on the east coast of Florida in Melbourne.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.