Kona Gold Beverage, Inc. Announces Sale of Ooh La Lemin Lemonade Brand

Company is shifting focus to distribution subsidiary to reach profitability

MELBOURNE, Fla., Oct. 4, 2023 /PRNewswire/ -- Kona Gold Beverage, Inc. (OTCPK:KGKG), a holding company focused on product development and distribution in the better-for-you and functional beverage sector, has announced the Company has sold its Ooh La Lemin Lemonade brand to Sprecher Brewing Company. Kona Gold Beverage has grown Ooh La Lemin over the last three years to 10 SKUs and has built a solid foundation and following for the brand. Sprecher Brewing Company's purchase of Ooh La Lemin is part of that company's aggressive growth strategy that has been in place since 2020 and will be creating a new All Natural Beverage Category with the acquisition of Ooh La Lemin.