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Will Kona Gold win investor confidence after a stock market listing?

Will Kona Gold win investor confidence after a stock market listing?Last week, Kona Gold, a leading cannabis company in the CBD beverage sector, filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in order to list its securities on the US stock exchange. Kona Gold is a hemp and CBD lifestyle brand focused on product development in the functional beverage sector in the US. But will Kona Gold win investor confidence after stock market listing?

Symbol Name Last Price Change % Change

Additional funding for expansion and strategic acquisitions

Kona Gold plans to utilize the additional funding to continue its product development, increase inventory to facilitate better distribution, and to purchase new equipment. Kona Gold also intends to use the funding for additional working capital requirements.

In a recent statement, CEO, Robert Clark said, “Kona Gold has hit another milestone with the filing of our S-1, which is needed in our pursuit to be listed on a national stock exchange.”

Clark further indicated that Kona Gold may consider the financing to develop new brands, and also for strategic acquisition of other CBD beverage companies. In a nutshell, this marijuana stock aims to build a collection of beverage brands across segments.

Kona Gold posts record revenue growth in 2019

Will Kona Gold win investor confidence after a stock market listing?

Kona Gold has seen a 72% plunge in its value in the past year. The COVID-19 pandemic has made matters worse for this hemp stock. However, this cannabis company’s financials tell a different story.

In March, Kona Gold announced that it ended 2019 with record revenue of $1.63 million. This indicates a phenomenal growth of 960% compared to 2018. The majority of its sales came from Kona Gold Hemp Energy Drinks followed by HighDrate CBD Energy Waters.

Kona Gold also added new hires and expanded its distribution facility in South Carolina. The hemp stock is also looking at adding new product lines and extending its brand offerings.

Robust June sales after ease in restrictions

Will Kona Gold win investor confidence after a stock market listing?

The company’s June sales reveal Kona’s growth potential. Kona Gold LLC and Gold Leaf Distribution LLC, the wholly-owned subsidiaries of Kona Gold Solutions, have garnered sales of more than $100,000 and $30,000, respectively, for the month alone.

This is a visible impact of the ease in restrictions. A rise in orders from distributors, e-commerce, and wholesalers spurred the sales growth for the cannabis company. Due to this encouraging rise in sales, the company might also consider new distributor partnerships.

A risky option amid the current pandemic-led volatility

Will Kona Gold win investor confidence after a stock market listing?

The hemp stock remains attractive in terms of core business growth. The rise in its revenue and further expansion of distribution facility depict stronger demand ahead. The hemp stock’s attempt to get listed on the US stock exchange is another indication that Kona Gold is looking at equity funding for growth, both organic and inorganic.

However, this penny hemp stock will likely enter the exchange with plenty of volatility. Most hemp stocks remain volatile amid the global pandemic with no end in sight. Hence, investing in hemp stocks like Kona Gold will likely remain risky in the near-term.

Will Kona Gold win investor confidence after a stock market listing?

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