Kona Gold
Beverages & Apple Rush Co. Execute Joint Venture &
Manufacturing Agreement
Lena
Brewing to Co-Pack Highly Anticipated Products for Kona Gold
Beverages
MELBOURNE, FL --
April 11, 2024 -- InvestorsHub NewsWire -- Kona Gold Beverages, Inc.
(OTCPK:
KGKG), a prominent holding company specializing
in
cutting-edge
product development within the better-for-you and functional
beverage sector, proudly announces its Joint Venture Agreement with
Apple Rush Co., Inc. (OTC.PK:
APRU) . Both companies are pleased to announce a groundbreaking
joint venture agreement aimed at transforming the beverage industry
landscape. This strategic partnership brings together the unique
capabilities of both companies to innovate, manufacture, and market
a range of cutting-edge products catering to evolving consumer
preferences.
Kona Gold
Beverages, renowned for its premium energy drinks and
health-conscious offerings, joins forces with Apple Rush Co., a
diversified holding company with extensive experience in farming
and manufacturing within the nutraceutical space. Through its
subsidiary, Lena Brewing, Apple Rush possesses the manufacturing
prowess required to bring innovative beverage concepts to
life.
Under the terms
of the agreement, Lena Brewing will play a pivotal role in
manufacturing several products for Kona Gold Beverages, including
the highly anticipated Kona Gold Hemps Energy Drink, Highdrate D9
Seltzer, and an exciting new functional beverage line. Apple Rush
Co. commits to developing a proprietary formula for its new
beverages, ensuring a blend that resonates with active lifestyles
and meets stringent quality standards.
"Our team flew
out to Chicago to tour Lena Brewing and were thoroughly impressed
with the facility and the opportunity for expansion." said Brandon
White, President of Kona Gold Beverages. "This joint venture
represents a convergence of expertise, innovation, and shared
vision to redefine beverage excellence. With Apple Rush's
manufacturing capabilities and our commitment to delivering
top-tier products, we are poised to revolutionize the
industry."
Apple Rush Co.
CEO, David A
Torgerud, echoed these sentiments,
stating, "The collaboration with Kona Gold Beverages marks a
significant milestone for Apple Rush and underscores our dedication
to driving innovation and value creation. By leveraging our
manufacturing expertise and Kona Gold's market leadership, we are
well-positioned to introduce groundbreaking beverages that resonate
with consumers seeking premium, plant-based
alternatives."
The joint venture
agreement underscores the commitment of both companies to
harnessing collective strengths and delivering unparalleled value
to consumers. Through collaborative product development, meticulous
manufacturing processes, and strategic marketing initiatives, Kona
Gold Beverages and Apple Rush Co. are poised to disrupt the
functional beverage market landscape.
About Kona Gold
Beverage, Inc.
Kona Gold
Beverage, Inc., operates as a holding company in
the beverage
industry. Through its subsidiaries, Kona Gold LLC and Covert
LLC, it
offers a diverse
range of healthy energy drinks and products. Kona Gold's premium
line of energy drinks caters to health-conscious consumers,
alongside its innovative HighDrate D9 Drinks. Covert LLC
specializes in
high-quality
products, including Delta-8, THCa, THC-P, and Kratom.
Headquartered in
Melbourne,
Florida, Kona Gold Beverage, Inc. is
actively
engaged in
expanding its
market presence through strategic acquisitions. Investor Relations
Contact:
Phone:
844-714-2224
Email: investorrelations@konagoldbeverage.com
For more
information regarding Kona Gold Beverage, please
visit: https://konagoldbeverage.com/
About
The Apple Rush Company, Inc.
The Apple Rush
Company, Inc., through its subsidiary APRU, LLC, is a
distributor of
CPG products
under the trademarked Apple Rush brand, Element brand, and other
labels. APRU is a Diversified holding company with farming and
manufacturing within the nutraceutical space. Formulator and
co-packer of
juices, soft
chews, oils, soaps, salves, and sodas. Apple Rush and its
subsidiary, Lena Brewery, possess the manufacturing capabilities
and expertise necessary to produce the beverages. The Apple Rush
brand has more than 50 years of
existence in the
natural beverage industry. As a historical leader in the organic
and natural beverage sector our goal is to now become a leader in
the distribution of
anhydrous hemp
oil products nationwide. For more information, please go
to www.aprubrands.com, www.element-
brands.com, elementk.kratomwave.store www.alkhemicalroots.com
with our expanded
product portfolio.
For media
inquiries, please contact:
Investor Relations Contact: Tony Torgerud; 888-741-3777 x 2
www.aprubrands.com
Safe Harbor
Statement:
The information
posted in
this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. The Company may also
make written or oral forward-looking statements in
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the U.S. Securities and Exchange Commission, in
press releases
and other written materials, and in
oral statements
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There can be no assurance that such statements will prove to be
accurate. The Company cautions that these forward-looking
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not limited to, those set forth in
the Company's
Annual Reports on Form 10-K and its other filings with the
Securities and Exchange Commission. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in
technology and
methods of marketing, delays in
completing
various engineering and manufacturing programs, changes
in
customer order
patterns, changes in
product mix,
continued success in
technological
advances and delivering technological innovations, shortages
in
components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's control.
The Company does not undertake any obligation to update publicly or
to revise any statements in
this release,
whether as a result of new information, future events, or
otherwise.
