MELBOURNE, Florida, March 8, 2021 / PRNewswire / – Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding firm targeted on product improvement within the better-for-you useful drinks and hemp and CBD trade, is happy to announce February 2021 The revenue of the corporate’s subsidiaries was the best month-to-month revenue in comparison with the earlier month-to-month revenue within the final 15 months.
Kona Gold LLC recorded gross sales of over $ 115,000, and Gold Leaf Distribution recorded gross sales of almost $ 60,000 within the month of February. This was Kona Gold LLC’s highest month-to-month income since November 2019 and Gold Leaf Distribution LLC’s highest month-to-month income to this point. Gold Leaf Distribution continues to interrupt month-to-month income data and is approaching profitability. Kona Gold LLC achieved a rise in its gross revenue margin from roughly 22% in February 2020 to roughly 40% in February 2021. Gold Leaf Distribution LLC continues to function with a gross revenue margin starting from 28 to 30%, which is above trade requirements by about 25%.
The catalyst for elevated income for Kona Gold LLC comes from the current acquisition of S&S Beverage (Lemin Lemonade) with new distribution agreements and subsequent orders beginning to arrive for the following spring units. Moreover, the corporate has seen elevated gross sales of the opposite merchandise within the firm’s portfolio, Kona Gold Hemp Vitality Drinks and Excessive Move CBD Vitality Waters. Gold Leaf Distribution LLC’s catalyst for elevated income has come to domesticate relationships with present accounts, open new accounts, and add extra worthwhile and demanding merchandise to its portfolio.
Kona Gold drink expects its subsidiaries to proceed to publish a considerable improve in revenues in March, as a rise was manifested by an excellent begin in gross sales initially of March. Moreover, an anticipated improve in gross sales over the following few months of 2021 as the corporate enters the traditionally busier spring and summer season beverage seasons.
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About Kona Gold drink, Inc.
Kona Gold drink, Inc., a Delaware firm, created wholly owned subsidiaries, Kona Gold LLC, HighDrate, LLC and Gold Leaf Distribution, LLC. Kona Gold, LLC has developed a line of premium hemp infused vitality drinks; please go to their web site at www.konagoldhemp.com. HighDrate, LLC developed the beverage trade’s first CBD-infused vitality water, accessible in 6 scrumptious flavors; please go to their web site at www.highdrateme.com. Gold Leaf Distribution, LLC was shaped to fulfill the corporate’s distribution wants in markets it needs to enter rapidly; please go to their web site at www.goldleafdist.com. Kona Gold Beverage, Inc. just lately acquired S&S Beverage, Inc., which manufactures and distributes the LEMIN premium lemonade line; please go to their web site at www.drinklemin.com. Kona Gold and his household of firms are positioned on the east coast of Florida in Melbourne and in Greer, South Carolina.
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