Kona Gold Solutions, Inc. Announces Record Sales For 2020 in June
Melbourne, Florida--(Newsfile Corp. - July 1, 2020) - Kona Gold Solutions, Inc. (OTCQB: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce it recorded its highest gross revenue for 2020 in the month of June. The Company reported its two wholly owned subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC, had sales of over $100,000 and $30,000, respectfully, for the month of June. Gold Leaf Distribution's June revenue was also a record for the Company in terms of monthly sales.
Kona Gold started to see an increase in sales in late May as many states around the country eased restrictions and started their phased approach to opening back up. The Company attributes the increase in sales to the increase in distributor orders, wholesale orders, Amazon orders, and Ecommerce orders.
Gold Leaf Distribution, who distributes Kona Gold products and other beverage products in Florida and South Carolina, had a record month in June and continues to experience month-over-month growth. Gold Leaf recently purchased it's third side loading beverage truck in order to keep up with demand and growth.
"COVID-19 has had an impact on most industries, and we were not impervious to that, but in the month of June, we got back on track as a Company with a big uptick in orders from our distribution partners," stated Robert Clark, CEO of Kona Gold Solutions, Inc. "Along with an increase in orders from our distribution partners, we have seen a huge increase in our Amazon sales causing us to increase how much product we send monthly to their facilities to replenish inventory for their FBA (Fulfillment by Amazon) program."
Clark continued, "We've seen a huge increase in new distributor requests for product samples all around the country and have sent out more product samples than we ever have in the past. As restrictions ease from the COVID-19 pandemic, we are now back on track in working with new distribution partners and pursuing opportunities that have recently opened up. We hope to have updates for our shareholders on some of these very soon."
For more information regarding Kona Gold, please visit:
For more information regarding HighDrate, please visit:
For more information regarding Gold Leaf Distribution, please visit:
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 Infused Energy Water, available in 6 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; please visit the Company's website at www.goldleafdist.com. The Companies are located on the east coast of Florida in Melbourne and Greer, South Carolina.
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.
Investor Relations Contact:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58965