Kona Gold Beverage (OTCMKTS:KGKG), along with its sales team and Wisconsin distributor, Wisconsin Distribution Inc. (WDI), has finally launched the Sparkling Ooh La Lemin last month in the great state of Wisconsin. The three-day kickoff led to sales of over 2,000 cases of Ooh La Lemin into key accounts, which include Walmart, Woodman’s, and several convenience store chains.
Trading Data
On Tuesday, KGKG stock fell 3.68% to $0.0131 with more than 9.84 million shares, compared to its average volume of 41.48 million shares. The stock moved within a range of $0.0126 – 0.0140 after opening trade at $0.0140.
The WDI team continues to successfully sell in displays at new key grocery and convenience store chains. Kona Gold has a territory account representative who will work with WDI on a monthly basis to help navigate the Wisconsin market. It involves selling and marketing large displays into big key accounts in that market.
Kona Gold is focused on product development in the better-for-you and hemp and CBD functional beverage sector. It has recently collaborated with Wine & Beverage Merchants of West Virginia to distribute the Company’s Still and Sparkling Ooh La Lemin Lemonades across the great state of West Virginia. Wine & Beverage will distribute the beverage to Walmart and other popular chains.
Robert Clark, CEO of Kona Gold Beverage, Inc. is delighted with the success of Sparkling Ooh La Lemin Lemonades, at the launch event. He is hopeful that these results will continue in every market, with the support of their territory representatives and distribution partners.
Key Quote
“Our team did a phenomenal job kicking off WDI this past April and getting our new Sparkling Ooh La Lemin Lemonades into that market,” stated Robert Clark, CEO of Kona Gold Beverage, Inc. “Selling over 2,000 cases in three days is a huge success and what we anticipate going forward as we kick off new distribution partners in various states. We are committed to hiring territory representatives in new states we launch in, and we will continue to support our distribution partners and ensure we are successful in every market we enter.”
Technical Data
KGKG stock is trading above the 50-Day and 200-Day Moving averages of $0.0113 and $0.0111 respectively. However, the stock is trading below 20-Day moving average of $0.0148.
