Kona Gold Beverage will use the proceeds from the capital raise to facilitate growth across its subsidiaries.

Kona Gold Beverage, Inc., a holding company focused on product development in the hemp and CBD functional beverage sector, has acquired S&S Beverage, Inc., maker of LEMIN Superior Lemonade.

Carolina Cannatech is a seed-to-sale industrial hemp company that also manufactures and sells its own line of premium CBD products under its Nature's Highway brand.

Kona Gold Solutions, Inc., a hemp and CBD brand focused on the functional beverage sector, has signed a letter of intent to acquire Longwood, Florida-based Flo Beverages, LLC.

Kona Gold Solutions, Inc. has signed a distribution agreement with AlaBev to distribute Kona Gold Hemp Energy Drinks across Alabama.

Kona Gold Solutions, Inc. has launched Kona Pink, a pink grapefruit hemp energy drink.