---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-036353"
form_type: "8-K"
ticker: null
cik: "0001802546"
company_name: "KONA GOLD BEVERAGE, INC."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:07:05.378285+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kona Gold sells Ooh La Lemin brand to Sprecher Brewing for $500k; focuses on Gold Leaf Distribution

## Summary
- Closed Sept 29, 2023; received $450,000 cash and $50,000 promissory note from Sprecher Brewing Company.
- Cash proceeds allocated to repayment of certain debt obligations; note bears 1% annual interest, matures Jan 15, 2024.
- Sale includes IP, distributor agreements, inventory, social media assets; accounts receivable not transferred.
- Company shifts focus to Gold Leaf Distribution subsidiary, citing positive profitability trends in late 2022/early 2023.
- Management believes this restructuring will allow Kona Gold to become profitable in fiscal year 2024.

## SEC filing metadata
- accession: 0001493152-23-036353
- form_type: 8-K
- cik: 0001802546
- company_name: KONA GOLD BEVERAGE, INC.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802546/000149315223036353/0001493152-23-036353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802546/000149315223036353/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-036353
- JSON: https://secwatch.observer/filing/0001493152-23-036353.json
- Plain text: https://secwatch.observer/filing/0001493152-23-036353.txt

## Key facts
- M&A Transactions
  KONA GOLD BEVERAGE, INC. completed a disposition involving Sprecher Brewing Company for $450,000 (closed 2023-09-29).
  - Action: disposition
  - Counterparty: Sprecher Brewing Company
  - Consideration: $450,000
  - Closing: 2023-09-29
  source text: of that company’s growth strategy that has been in place since 2020. It will be creating a new All Natural Beverage Category with the acquisition of Ooh La Lemin. We received $450,000 at the closing of the transaction, all of which was allocated to the repayment of certain of our debt obligations. The sale included our intellectual property rights to the brand,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802546/000149315223036353/0001493152-23-036353-index.htm
- Material Agreements
  KONA GOLD BEVERAGE, INC. entered into a asset purchase with Sprecher Brewing Company valued at $450,000 at the closing (effective 2023-09-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Sprecher Brewing Company
  - Value: $450,000 at the closing
  - Effective: 2023-09-29
  source text: In a transaction that closed on September 29, 2023, Kona Gold Beverages, Inc. (the “Company,” “our,” “us,” and “our”) sold its Ooh La Lemin Lemonade brand to Sprecher Brewing Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802546/000149315223036353/0001493152-23-036353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.