Kona Gold Beverage, Inc. (OTCQB:KGKG), a holding company focused on product development in the better-for-you and hemp and CBD functional beverage sector revealed its second quarter gross revenue is the highest quarterly gross revenue in company history. The company’s subsidiaries combined gross revenue was approximately $1.23 million for the second quarter with subsidiary breakdowns of approximately $955,000 from Gold Leaf Distribution LLC and approximately $275,000 from Kona Gold LLC. Kona Gold Beverage’s 2022 Q2 revenue is an increase of approximately 15% from the previous quarter and an increase of approximately 44% from the same quarter in 2021.
Kona Gold Beverage continues to experience growth across its subsidiaries and has nearly matched all 2021 revenues in the first two quarters of 2022. This growth has been driven by the success of its Gold Leaf Distribution subsidiary and the recent launch of its Sparkling Ooh La Lemin Lemonades. The company is in the process of hiring new talent to assist in facilitating growth in new markets and continue its expansion.
