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Kona Gold Beverage Inc (OTCMKTS: KGKG) Raises $3 Million to Facilitate Growth of its Subsidiaries, and Khiron Life Science Registers its First Medical Cannabis

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A product development company and functional hemp sector, Kona Gold Beverage Inc (OTCMKTS: KGKG), raised $3 million in capital through a Securities Purchase Agreement with YA II PN. The holding company announced on August 31 and planned to use the revenue to facilitate the growth of its subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC, and extend its Ooh La Lemin brand product lineup. Moreover, the company will hire some positions such as chain stores representative and territory managers while all brands have done extensive marketing push. In addition, Gold Leaf Distribution revenues are planned to launch new distribution operations in markets, including warehouse space, multiple new hires, and delivery vehicles. 

Management Statement

Chief Executive Officer of Kona Gold Beverage, Robert Clarke, stated that they had experienced tremendous growth in 2021 through its subsidiaries by hitting record revenues. The recent funding will help accelerate that growth. Clarke adds that they have essential, exciting things happening through their company, along with their expansion. Kona Gold is hiring additional territory managers and experts with chain store experience to enhance growth and chances into large long-chain convenience stores and groceries in the beverage sector. Rober Clarke furthermore adds that currently, their team is working on the line extensions for their Ooh La Lemin brand to lead their efforts in refreshing and rebranding their Kona Gold Hemp energy drink line. 

Khiron Registers its First Two Medical Cannabis Products.

A medical cannabis leader with vertically integrated core operations, Khiron Life Sciences Corp, announced the sanitary registration for Alixen 30 and Alixen 100, two CBD enrich products in Peru. Moreover, these two launches represent the company’s first registered medical cannabis products. In addition, the Alixen 30 and Alixen 100 will be available for consumption through medical channels, wholesale distributors, pharmacies, and dispensaries, with expanding product availability. Through its agreement with Farmacia Universal, Khiron sells magistral preparations and customized compound formulations. In Peru. The Alixen 30 and Alixen 100 will be made available widely on a non-exclusive basis in the nation.

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