Kona Gold Beverage Inc. (OTCMKTS:KGKG) Stock More Than Doubled As Company’s Lemonades Available in Walmart Stores
Kona Gold Beverage Inc. (OTCMKTS:KGKG) soared 108% after announcing the availability of its famous Ooh La Lemin Lemonades at Walmart stores.
Market Stats
On Monday, KGKG stock soared 106% to $0.0068 with 205.17 million shares, compared to its average volume of 8.24 million shares. The stock moved within a range of $0.0036 – 0.0085 after opening trading at $0.0037.
Kona Gold Beverage, Inc’s Ooh La Lemin Lemonades to be Sold in Walmart Stores
From June 2022, the Kona Gold’s 16 oz Ooh La Lemin Lemonades, which come in four varieties, would be included in reconfigurable packages in all locations with 12 ft or longer coolers at chosen states. As the launch date approaches, the company will reveal which states will be included. In addition, the four flavors of Ooh La Lemin will be available in Walmart stores across the country, giving the company the strength to obtain exposure in states where it is unavailable presently.
As the company focuses on expanding its product line nationwide, this is a significant step forward. Piggly Wiggly, Wawa, Coborn’s, Plaid Pantry, Hyvee, and other popular chains currently sell the company’s Ooh La Lemin Lemonades. In addition, Kona Gold Beverages T is currently in discussions with a number of other national retailers about carrying its Ooh La Lemin Lemonades, and shareholders will be updated as these discussions progress. Therefore KGKG is worth watching.
Key Quote
“I am very excited to be announcing to our shareholders that our Ooh La Lemin Lemonades will be available in Walmart stores around the country starting in June,” stated Robert Clark, CEO of Kona Gold Beverage, Inc. “This is a huge step for Kona Gold Beverage and a testament to how hard our team has been working in building our brands. Our Ooh La Lemin Lemonades will be available at Walmart locations where we currently have full state distribution and states where we are bringing on new distribution partners for this roll out.”
Traders Corner
KGKG stock is trading above the 20-Day and 50-Day Moving averages of $0.0047 and $0.0053 respectively. However, the stock is trading below the 200-Day moving average of $0.0139.