Elev8 Brands, Inc. (OTC Pink: VATE) is engaged as a hemp-infused beverage and supplement company. Shares of the hemp beverage company are soaring 38.67% on Thursday, March 30, 2017. Over the past three months, Elev8 Brands, Inc. has seen average daily volume of 249,745 shares. However, volume of 684,502 shares or dollar volume of $35,594, has already exchanged hands through afternoon trading on Thursday.
Shares of Elev8 Brands, Inc. are rallying today, after Kona Gold Solutions, Inc. (OTC Pink: KGKG) announced it has extended its dividend record date for Elev8 Brands, Inc. to April 7, 2017. Kona Gold Solutions, Inc. sold Elev8 Hemp, LLC to Elev8 Brands, Inc. in February 2017, in which, Kona Gold Solutions, Inc. received 41,296,544 shares of Elev8 Brands, Inc. in exchange. As of April 7th, Kona Gold Solutions, Inc. shareholders will receive 1 share of Elev8 Brands, Inc. common stock for every 10 shares of Kona Gold Solutions, Inc. Here is the full press release detailing of the dividend record date:
Elev8 Brands, Inc. Press Release:
ROCKLEDGE, Fla., March 30, 2017 (GLOBE NEWSWIRE) — Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand of exclusivity and status, has announced they have extended the Record Date for the Elev8 Brands, Inc. dividend to April 7th, 2017. The complexity of working with two separate Transfer Agents has caused the Record Date to be pushed out by one week. Kona Gold Solutions, Inc. shareholders owning common stock, as of the Record Date will receive 1 share of Elev8 Brands, Inc. (OTC Pink:VATE) stock for every 10 shares of Kona Gold Solutions, Inc. (OTC Pink:KGKG) owned.
“We know our shareholders are excited about the Elev8 Brands dividend, which our consul has been working diligently with two separate Transfer Agents to get completed, but due to this complexity, we’ve had to push out the Record Date by one week to April 7th, 2017,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “This does provide an extended amount of time for current and future shareholders the opportunity to take part in the dividend.”
For more information regarding Kona Gold Solutions, please visit:
Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware Corporation, which has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel; please visit the Company’s new website at www.konagoldhemp.com. The Company is located on the east coast of Florida in Rockledge, FL.
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. 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.