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On 4/7/22 a 40% jump in stock price will it continue?

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 JoeW
(@joew)
Trusted Member
Joined: 2 years ago
Posts: 22
Topic starter  

In their January CEO Letter they set revenue projections of $8-$10 million for 2022. 

On March 22nd they announced an in-store deal with Walmart.

4 days ago announced 1st Million Dollar Quarter.

This may be premature but it doesn't  seem to be a one day move: it seems to have bottomed in late February at $0.003. On news 1st darting up in early March to fall back a bit and then slide sideways gradually moving up on more news. Yesterday morning it was up 25% and it kept climbing to  40% for the day to $0.0168. I expect it to rest or fall back a bit before moving up on more good news.

Yes I own shares in KGKG a regional hemp drink. it reminds me of Snapple in the late 1980s when it 1st went public.

I've tried the Kona Gold products and like the majority of them. I believe their sparkling lemonade is very timely. I think they should do well in Walmart and as they add more convenience store chains they have a good chance to hit it big nationally. Leave a comment and let me know what you think.

Best Wishes and Good Luck to all.

JoeW


   
D. H. Taylor reacted
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(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1361
 

It does not appear as if this move is done with.  And, if others are thinking "Snapple" as well, this could get out of hand.... in a very good way.  Hopefully, you picked this stock up at an excellent price and can ride this all the way up.  Congrats.  


   
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 JoeW
(@JoeW)
Active Member
Joined: 2 years ago
Posts: 15
 


In response to Mr. #1. You make it sound like Walnart does not sell any hemp drinks by Kona Gold and never will what so ever in your long diatribe against the company. You do not mention Walmart already sells their  hemp energy drinks on line.

     Walmart does sell KGKG's products online. Our adult family members in Florida enjoy these energy drinks and find them refreshing and tasty.

     We look forward to the day when we can buy their Sparkling Lemonade brand in Walmart in Florida. This is their 1st step to getting their products on to Walmart Store shelves. 1st in North Carolina and then other states. 


   
D. H. Taylor reacted
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(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1361
 

It was my understanding that they are adding the hemp drinks nation wide where possible. Personally, I’m not familiar with the entire minutia of the details. I’ve been wanting to take a moment and go through all the press releases.
In the meantime, price action suggests this is the beginning of something very big. Being in the nation’s biggest physical retailer is a game-changer for any company. 


   
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