The beverage industry is currently growing at a fairly decent rate and investors are often on the lookout for options in the industry. One company in the industry you could consider looking into at this point is Kona Gold Beverage Inc (OTCMKTS:KGKG). The company is involved in the better for you functional beverage sector.
Trading Data
On Monday, KGKG stock moved down 1.92% to $0.0051 with more than 4.56 million shares, compared to volume of 14.55 million shares. The stock moved within a range of $0.0050 – 0.0055 after opening trade at $0.0050.
Kona Gold Beverage, Inc Announces its Ooh La Lemin Lemonades to be sold in Hot Spot Convenience Stores in North and South Carolina
Yesterday, the company was in the news after it announced that its Ooh La Lemin Lemonades were going to be made available for sale in the Hot Spot convenience stores located in North Carolina and South Carolina. It was a significant new development for the company and one that could prove to be a long term boost.
There are 10 SKUs of Ooh La Lemin in total and out of those, six are going to be sold at 40 Hot Spot convenience stores in the two states. The variants are going to be 3 sparkling ones and 3 non-sparkling ones. The product is going to be distributed by Kona Gold Beverage’s distribution partner in North and South Carolina MR Williams. The distributor is primarily focussed on Food Service and Convenience Stores. It might be a good time for investors to start tracking the Kona Gold stock.
