KGKG came back from the dead today but is that news going to be enough to keep the trend going next week?
"The company announced distribution through 15 new distributors in 14 states. The deal will see Kona Gold’s hemp energy drinks and CBD waters go on sale in new markets. The company is now partnered with 31 distributors and has distribution in 30 states. Chris Selinger, V.P. of Sales of Kona Gold Solutions, Inc. said, “With the opening of our South Carolina distribution center, we will have the capability and capacity to service our growing distributor network.”
OTC stocks are notorious for somewhat ironically, falling sharply before and just after earnings beat to trick general investors to sell-off before a spike. This is common even in major stocks trading on the Dow, SP and Nas but more exaggerated in the OTC by the nature of the extreme volatility of the OTC stocks.
That is exactly what we saw here. We should see a next leg up to at-least 0.15 soon.
That is exactly what we saw here. We should see a next leg up to at-least 0.15 soon.
-- zSplit