Kona Gold Solutions Inc (OTCMKTS:KGKG) shares were up 58% to $0.00790 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.03. The company has a market cap of $12.5K at 2.50 million shares outstanding.
In a press release, Kona Gold Solutions Inc has announced the company has become an approved vendor of the Lucky’s Market grocery stores. The company launched their hemp energy drinks, including their all-new sugar free hemp energy drink, at the new Lucky’s Market West Melbourne, Florida store earlier this month.
“We are very excited to be selected as an approved vendor of Lucky’s Market and to be launching our hemp energy drinks at their beautiful, brand new, West Melbourne, Florida location,” stated Robert Clark, CEO of Kona Gold Solutions Inc. “Lucky’s Market has a wonderful selection of organic products, and being our energy drinks are infused with organic hemp protein powder, we feel our products will fit right in. We had company representatives onsite for product sampling this past Saturday and it went amazing! Over the next few weeks, we will have several more product sampling days to help facilitate brand awareness.”
Prior to this, Kona Gold Solutions Inc shared that it has placed their preliminary order for their sugar free hemp infused energy beverage, which will be accessible for purchase coming month. The company was also able to reduce its debt by $48,000 reducing the company’s total liabilities to $100,468. Management negotiated with two debt holders to pay off its liabilities without issuing new shares and is currently in negotiations to reduce its total outstanding liabilities by an additional $70,000.
“We are beyond thrilled with the progress we have already made in 2017” stated Robert Clark. “We have not only drastically reduced our liabilities to help increase value for our shareholders, we have new products hitting shelves in less than 2 weeks and we have begun the process of vetting legal consul and an auditing firm to assist us in moving to a higher exchange. We are convinced moving up market tiers will solidify Kona Gold as the dominant nationally recognized leader in the hemp infused product industry. 2017 is the year for Gold, Kona Gold!”
Kona Gold Solutions Inc is a lifestyle hemp company that intends to develop, design and market products in the energy drink, energy shot, energy patch and apparel markets. The company is in the process of developing a hemp infused product line.
Through its subsidiary, Kona Gold LLC, the comapny intends to develop Hemp Energy Drinks, Energy Patches, Hemp Apparel and Hemp Shampoo. Kona Gold, LLC focuses on marketing products, which include Kona Gold 8.4oz energy drink, Kona Gold 2.0oz energy shot, Kona Gold energy patches, Kona Gold apparel (to include t-shirts and hats) and Kona Gold single plant hydroponic system. The company’s product line includes Energy Drinks and Energy Shots. It offers approximately two varieties of Kona Gold energy drinks, such as regular and sugar-free. The company offers approximately three flavors of Kona Gold energy shots, such as berry, grape and orange.