This post first appeared on Micro Cap Daily

Kona Gold Solutions, Inc. (OTC Pink: KGKG) stock price is performing excellently in May, and it actually performed rather well in the entire 2019. The price originally saw a massive surge in late 2018, starting in early October. Up to that point, it was hardly moving, sitting at $0.01. But, in October, it started growing, and it eventually reached $0.12 by the end of November. What followed was a decline, that took it back to $0.05 by mid-January.

After that, the price saw another growth, this time briefly reaching $0.1, and then dropping down to $0.08, which lasted from mid-February until the beginning of May. Then, another massive surge took place, taking the price past all previous records, and settling at $0.13, as the first half of May ended. Since then, the price has continued its growth, although more steadily, and it still grows at the time of writing. In the past 24 hours, it saw 1.12% gains, which placed the price at $0.131.

About Kona Gold Solutions

Kona Gold is a hemp lifestyle brand that owns two subsidiaries, which it uses for the development and creation of hemp-based beverages., and other products.

The first of the two, Kona Gold, LLC, is a company with a heavy focus on the production of hemp-infused energy drinks, energy shots, as well as apparel products. The second one, HighDrate, LLC, managed to develop the industry’s first CBD-based beverage, the so-called CBD Energy Water.

The drinks come in multiple tasty flavors, which have become well-known and loved by thousands of people. The company’s success in the last six months allowed it to expand significantly, with the firm now exporting its drinks to multiple US states. Meanwhile, the company also expanded its warehouse and office space in its home state of Florida.

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Kona Gold growth and expansion

As mentioned, the company’s stock price was dormant until October 2018, when it started its long journey to the current heights. This was when the firm entered multiple distribution agreements, such as the ones with Southeast Beverage, Liquid Culture Enterprises, and others.

The company also entered distribution partnerships in various states, regions, and locations, including Bermuda, New York, California, Massachusetts, South Carolina, Illinois, Georgia, New Jersey, and more.

By April 2019, the company partnered with numerous distributors in fourteen different states. Its CBD energy drinks became so big and popular that the company decided to come up with additional flavors. It became the fastest-growing beverage firm in the hemp sector, it made several acquisitions of other, smaller firms, such as Gold Leaf Distribution, LLC, and it sponsored world champion and record holder at ski jumping, Ryan Dodd.

All of this brought it massive popularity, and the company even had to lease a 30,000 square foot warehouse in South Carolina recently, to keep up with demand. Not only that, but it also signed another distribution agreement only two days ago, this time with Savannah Distribution Company, Inc.

Clearly, Kona Gold Solutions is one of the fastest-growing firms in the sector, and as such, it is one of the best possible investments right now. The cannabis and hemp sector’s revolution is at its strongest right now, and investing in Kona Gold’s stock price while it is still as undervalued as it is right now is a ripe opportunity for major profits.

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The stock price is growing, and will likely continue to grow for a while. While some minor corrections may appear from time to time, many are extremely bullish in regards to this firm, and not without reason. We will be updating on Kona Gold when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Kona Gold.

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Disclosure: we hold no position in Kona Gold either long or short and we have not been compensated for this article.

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This post first appeared on Micro Cap Daily

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