Kona Gold Solutions Inc (OTCMKTS:KGKG) has announced that it has become an approved vendor, of Lucky’s Market grocery stores, which has resulted in the launch of KGKG’s hemp energy drinks, at Lucky’s Market outlets. The company noted that its products are already available at the Lucky’s Market in West Melbourne, Florida. Moreover, Kona Gold would be participating in sampling days, over the next several weeks.
The company noted that Lucky’s Market is located in 11 states, while there are 9 retail locations of the store, in Florida alone. Furthermore, this number is expected to reach 16, by the end of this year. Robert Clark, the CEO of KGKG, expressed his excitement at becoming an approved vendor. He further pointed out that Lucky’s Market has a selection of organic products and given that Kona Gold drinks are infused with an all natural hemp-powder, they would make a perfect fit.
Mr. Clark also revealed that the company representatives took part in a sampling day event on Saturday, which was outstanding. He further reaffirmed that upcoming sampling days would provide Kona Gold with an opportunity to facilitate brand awareness. The move comes shortly after the company successfully reduced its debt by $48,000, but $100,468 of liabilities still remain on Kona Gold’s balance sheet.
KGKG stated that it has negotiated with two of its debt holders, to pay-off their debts, without issuing additional shares. Following successful negotiations, the company has engaged other debt holders as well, in a bid to reduce an additional $70,000 of its debt, in a similar way. The management of KGKG highlighted that they were working towards the implementation of a new growth strategy, which requires the reduction of total liabilities and increasing Kona Gold’s shareholder value. It should be noted here that KGKG has made use of proceeds, from the recent sale of Elev8 Hemp LLC, for this purpose.
Kona Gold Solutions Inc (OTCMKTS:KGKG) recorded a surge of 58%, in terms of its share value, during the March 27 trading session, to close at $0.0079 per share, on a trade volume of 9.87 million.
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