Kona Gold Beverages (OTC:KGKG) Stock Gains Momentum: Now What?

In recent times there has been remarkable growth in the beverage sector, and one of the companies that may be worth tracking is Kona Gold Beverages (OTC:KGKG). Yesterday the company had been in the news after it emerged that the management of Kona Gold Beverages had commenced important talks with the largest debt holder. The aim of the discussions would be to work on the purchase and entire removal of the debts from the balance sheet of Kona Gold Beverages. In the news release, the company stated that such a move would remove the necessity for any debt conversion in the future and lead to a stronger foundation for the growth and development of the business.

It was also revealed that the management of the company had also conducted detailed research and data-based analysis. The research and analysis revealed that conversion and sales in the past related to the largest debt holder had generated strong returns. Due to the strong groundwork in place, the management revealed that it was confident that an advantageous agreement could be signed that would help Kona Gold Beverages in retiring the debt in its entirety. The ultimate aim of the company is to boost the financial position of the business and create the right environment for new investments in Kona Gold beverages.

It was noted that the management believed that such a move would help in getting rid of a major obstacle and become the basis of further growth and success. A company without such a large chunk of debt on its books could become highly attractive to investors. Additionally, Kona Gold Beverages also reiterated that it remained committed to open and transparent communication with the company’s shareholders through the course of the process. It may well be a good time for investors to add the Kona Gold Beverages stock to their watch lists.