Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand of exclusivity and status, is pleased to announce the
Company has reduced its debt by forty-eight thousand four hundred and sixty-eight dollars ($ 48,468.00), reducing the Company’s total liabilities to $ 35,000. Kona Gold’s management team negotiated with a debt holder to pay off its remaining liabilities by issuing restricted stock with a five year vesting period. The Company is also working to reduce it’s remaining liabilities of $ 35,000 by the end of the year, removing all notes from the balance sheet.
Company has reduced its debt by forty-eight thousand four hundred and sixty-eight dollars ($ 48,468.00), reducing the Company’s total liabilities to $ 35,000. Kona Gold’s management team negotiated with a debt holder to pay off its remaining liabilities by issuing restricted stock with a five year vesting period. The Company is also working to reduce it’s remaining liabilities of $ 35,000 by the end of the year, removing all notes from the balance sheet.
One of the company’s strategic goals for 2017 was to clear all debt off of their books and they are well on their way in doing so. The company has already cleared 76% of debt this year.
“We continue to hit on our milestones as 2017 progresses and I am extremely happy with all that our team has accomplished” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Reducing and clearing our debt has been an important goal for our team as we continue to grow as a company. Going into 2018 debt free will release a burden off the company and open up new opportunities that will aid in the continuation of growth from quarter-to-quarter that the company has seen thus far.”
The Company recently announced they are beginning production of their all new High-drate CBD flavored energy waters, which will hit the market by the fourth quarter of this year. Their High-drate CBD energy waters will be available in four refreshing flavors, Tropical Coconut, Georgia Peach, Kiwi-Strawberry, and Watermelon.
By: Globe News Wire.
Photo: Twitter.
Review: Emerging Market Formulations & Research Unit, Flagship Records.