Kona Gold Solutions Inc (OTCMKTS:KGKG) has announced the selection of new partners in fourteen states for the distribution of its flagship products like CBD and hemp infused beverages.
The 16 new distributors are located in Nevada, Indiana, California, New York, Louisiana, New Mexico, Minnesota, Kentucky, Virginia, Texas, Wisconsin, Idaho, Oklahoma, and Washington. Kona Gold plans to enhance its footprint and market share in the CBD and hemp infused beverage sector with this new initiative. This is besides the existing partners in 24 states.
Kona Gold has announced the production of innovative and exciting flavors in CBD Energy products and Hemp Energy Drinks in early April 2019. The exciting flavors in Hemp Energy Drinks include Candy Apple and Bubble Gum. The company will include Blue Island Punch and Sour Apple flavors in the HighDrate CBD Energy Waters. It is on the backdrop of continued efforts over the past several months involving topnotch formulators from across the world to develop new flavors. New flavors will complement already successful flavors of Kona Gold. The energy water products in new flavors will hit the market in the 3rd to 4th week of May 2019.
Chief Executive Officer of Kona Gold, Robert Clark said the company is increasing its footprint in the market at a fast pace and surging revenues is an indicative of the growth. It has posted revenues of more than $260,000 in Q1. The company expects new orders from distribution partners along with repeat orders from major accounts including Kentucky Eagle and Huck’s. Kona Gold expects to post revenues of $400,000 in Q2 2019 following the launch of Storm CBD High Alkaline Water, and innovative flavors and repeat orders/ new orders.
Kona Gold has produced more than 10,000 cases the largest ever in a single month in April 2019. It expects the same momentum with new flavors in May 2019.
Kona Gold would introduce Storm CBD High Alkaline Water in late May 2019. The new product will be offered in 1.0 liter bullet bottles. Each bottle comprises 20 mg of CBD.
Vice President of Sales at Kona Gold, Chris Selinger said the company is committed to introduce the yummy and high quality hemp and CBD products in the market.