The CBD-based beverage sector has garnered significant attention from investors in recent times and one of the stocks to have gained momentum in that sector is that of Kona Gold Beverage Inc (OTC: KGKG).
On Monday, the Kona Gold stock soared by as high as 8% on the back of high trading volumes after the company made a major announcement. The functional beverage company announced that it received its biggest order in history this month. Hence, it is not really a surprise that the stock garnered such momentum.
The order in question is worth as big as $62,000 for the OOH LA Lemin Lemonade brand owned by Kona Gold. It should also be noted that the entity which placed this particular purchase order has a considerable footprint and boasts of as many as 800 convenience stores spared over the eastern part of the United States. The OOH LA Lemin Lemonade is going to be made available in 200 stores in Florida and 200 additional stores spread across the southeastern part of the United States.
Finance and Entertainment Reporter
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