Kona Gold Stock (OTCMKTS:KGKG) has plunged to its lowest price in more than a year. That is the result of a downtrend that kicked off in earnest in August.
If we look at Kona Gold’s investor relations site and go to the press release section, we see that the company has made several announcements about its business activities and developments since August. However, none of these announcements have been able to halt the slide in the stock.
About Kona Gold stock
Kona Gold Solutions is a Delaware corporation that operates several wholly owned subsidiary businesses. Through its subsidiaries, Kona Gold is engaged in the production and sale of hemp-based products, mostly beverages.
Kona Gold stock has a track record of bouncing back from its lows
Kona Gold has a history of bouncing back from its lows. In September 2018, Kona Gold was trading at $0.011, lower than its current price. But the stock bounced back and was trading at $0.118 in November, delivering a return of more than 970% in a space of just two months. In January 2019, Kona Gold was again at one of its lows at $0.47. But by February, the stock was up at $0.91, returning 94% in a period of just about one month. In April 2019, Kona Gold was down at $0.72. But in a space of about one month, the stock had sprinted back up at $0.143, returning 99%.
Therefore, with Kona Gold having hit the bottom, we are at a moment when it looks primed for a strong breakout.
But beyond the historic price actions, there are even more reasons to be bullish in Kona Gold. Here are some of the reasons:
Kona Gold stock continues its exponential revenue growth
Kona Gold is growing exponentially. For the first three quarters of 2019, the grew revenue by 1,8450% year-over-year, reflecting the strength of both existing products and those recently brought to market. The management expects Kona Gold to continue its robust growth.
Kona Gold forecast revenue of $1.5 million – $2 million for 2019. The company has already hit the low end of that revenue target and is now firmly on track to reach the high-end of the target. For 2020, Kona Gold is currently projecting revenue at $6 million – $8 million.
Kona Gold stock strengthens its executive team
A strong leadership team is important for a company that wants to succeed and create the value that would make shareholders happy. Kona Gold has been working to strengthen its executive team to ensure that it has dependable people in every leadership position. Therefore, the company recently hired a chief financial officer and a director of national sales.
For the chief financial officer role, Kona Gold hired Lori Radcliffe, who joined the company from a prestigious accounting firm. Kona Gold is counting on Radcliffe to help it become a fully reporting company. Moreover, Radcliffe has also been tasked with completing all the requirements that Kona Gold needs to work on before it can upgrade its stock listing.
For the director of the national sales role, Kona Gold tapped sales veteran Paul O’Renick. Kona Gold has tasked O’Renick to help grow sales in Florida, Georgia, and Alabama. Moreover, Kona Gold counts on O’Renick to lead sales efforts in the western region of the United States, where the company is particularly keen to expand its distribution. O’Renick brings more than 20 years of experience leading beverage sales efforts.
To further strengthen its executive team, Kona Gold is currently searching for a sales manager for the West Coast region.
Kona Gold stock widening its distribution network
Kona Gold aims to be a national brand and a household name, which it hopes will contribute toward boosting its sales and create more shareholder value. Toward this end, the company has been expanding its product distribution network. In recent months, Kona Gold has added several partners to its distribution network. The most recent addition is Alabama-based AlaBev, which will help place Kona Gold products in new markets across the state. The addition of AlaBev is part of Kona Gold’s shift to work with established distribution partners to rapidly broaden its customer reach.
“As we continue to gain market share in the functional beverage segment, it’s imperative that we partner with established and experienced beverage distributors that can have a big impact in key markets,” commented Robert Clark, CEO of Kona Gold.
Kona Gold is widening its distribution network at a time when it is also introducing new products to the market that it hopes will fuel future sales. One of Kona Gold’s recently launched products is Kona Pink drink, which the company is already shipping to its established distribution partners. Moreover, customers can purchase a Kona Pink drink from the company’s website as well as on Amazon.
Kona Gold’s plunge to the bottom can be a big scare. But this is a stock with a track record of recovering from its lows with excellent returns for investors. Therefore, Kona Gold’s current low may be nothing but a huge bargain opportunity considering its fundamental strengths.
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Disclosure: We have no position in Kona Gold stock and have not been compensated for this article.
Hemp Stock (OTCMKTS:HEMP) Climbing The Ladder
Things have not been rosy for Hemp Stock (OTCMKTS:HEMP) going by the price action activity over the past year. The stock has lost more than two-thirds of its market value after feeling the full force of short-sellers. The stock remains engulfed in a long-term downtrend and in dire need of breathtaking catalysts to bounce back from all-time lows.
Hemp Stock Price and Catalysts Analysis
Hemp underperformance coincides with a sell-off wave that gripped the marijuana sector in 2019. A good number of stocks shed a significant amount of market value even as the broader stock market continued to record higher highs. Hemp Inc. underperformance might as well stem from the lack of substantial updates needed to validate the company’s long-term prospects.
However, the stock appears to have hit a bottom and due for a correction higher as a bounce-back play. Supporting a potential break out from current lows is the passing of friendly legislations that continue to unravel new opportunities in the hemp industry. Likewise, the company has continued to strengthen its product line, having also made strategic moves in new markets in pursuit of revenue opportunities.
That said, it does not come as a surprise that the stock has already started showing signs of edging higher after languishing at the lower end of the $0.01 level. The immediate resistance level standing in the way of the stock breaking out from current lows is the $0.02 level.
Hemp Inc (OTCMKTS: HEMP) Bottoming Out
Hemp Inc (OTCMKTS: HEMP) is still struggling to steer clear of the bears. Since late April, the stock has faced continued downside price action from short-sellers. However, there is clear potential for the company to enter a bull market.
Hemp Share Analysis
The last year has been a rollercoaster experience for Hemp Inc. The stock has been fluctuating between $0.02 and $0.06 for the longest time, and some investors might have grown weary. While this is understandable, what is clear is that the stock price seems to have hit bottom and can only go up next.
From late November to mid-December 2018, there was massive activity in terms of moving HEMP shares. There was a huge interest in the stock which was probably due to the legalization of the cultivation of Hemp in the US via the 2018 Farm Bill. The legislation came in the period where Canada had just legalized marijuana, and the demand for hemp-derived cannabidiol (CBD) was on the rise.
However, the cannabis sector is still growing and, as such, there is a lot of uncertainty, especially regarding regulations. Canada may be the first industrialized country to legalize weed, but the US remains an important market which should have a clear official position in the industry.
After the clearance of hemp cultivation in the US, HEMP has actively engaged in various expansion activities to…
Hemp Inc (OTCMKTS: HEMP) Bulls Gaining Traction
Hemp Inc (OTCMKTS: HEMP) has struggled for direction after coming under immense bearish pressure, resulting in a 50% slide. In recent weeks, the stock has resorted to trading in a tight trading range of between $0.02 and $0.03, on the lack of catalysts to fuel the upward momentum. However, not anymore.
HEMP Catalysts And Price Analysis
A confirmation that the Company registered an 1800% increase in sales for the full year ended December 31, 2018, could as well be the catalyst to fuel a bounce back from current lows. The steady increase underlines underlying growth at a time when demand for cannabis products is on the rise.
The Company has also provided a 2019 outlook that underscores expected growth as management focuses attention and resources to transforming Hemp Inc. into a full-blown marketing entity.
With the stock currently, trading at the $0.02 level, a rally could be in the offing given the formation of a bullish spiking channel. The formation of higher lows in recent weeks signals a stock due for a correction higher as a bounce-back play.
The $0.03 mark is the immediate resistance level standing in the way of the stock spiking high in continuation of the emerging uptrend. Hemp finding support above the $0.03 level should open the door for it to make a run for the $0.04 mark, the next critical resistance level.
Above the $0.04 level, the stock would…