Kona Gold Solutions Inc (OTCMKTS:KGKG) shares were up 7.69% on Tuesday to $0.0140 and were flat 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 $32,500 at 2.50 million shares outstanding.
In a press release, Kona Gold Solutions Inc shared that it will be producing it’s all-new CBD Infused Flavored Energy Waters, High-drate, under its premium Kona Gold brand. Production will start within the next three weeks and the company expects their highly anticipated CBD flavored energy waters to be available for purchase by the beginning of Q4 2017 in four flavors: Tropical Coconut, Georgia Peach, Kiwi-Strawberry, and Watermelon.
“We are extremely excited to announce that we have placed our initial order to produce our new High-drate CBD infused flavored energy waters,” remarked Robert Clark, CEO of Kona Gold Solutions Inc. “We will be the first company to bring to market a CBD infused water that contains caffeine, which will be available in four amazing flavors. We hope to have the water available for purchase by the 3rd Quarter and at the very latest, beginning of the 4th Quarter. We are thrilled to be expanding our company into vertical markets, creating additional revenue streams. ”
Formerly Union Equity Inc, 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 subsidiaryKona Gold LLC, Kona Gold Solutions Inc 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. The company 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.