October 23, 2016 11:43 AM ET

Food Products

Company Overview of KonaRed Corporation

Company Overview

KonaRed Corporation manufactures and sells coffee fruit wellness drinks. Its products include KonaRed Antioxidant Juice; KonaRed antioxidant additional flavor combinations, including organic green tea and coconut water; and ready-to-drink cold brew coffees. The company also provides KonaRed Hawaiian Superfruit Powder, a coffee fruit powder; KonaRed Wake Up Performance Powder Packets; and coffee bean products. It sells its products through direct store, broadline, direct to retail, online retail, and raw material ingredient sales distribution channels in the United States, Canada, and Asia. KonaRed Corporation was founded in 2008 and is headquartered in San Clemente, California.

1101 Via Callejon

Suite 200

San Clemente, CA 92673

United States

Founded in 2008

10 Employees



Key Executives for KonaRed Corporation

Co-Founder, Chairman and Chief Executive Officer
Age: 46
Total Annual Compensation: $130.0K
President, Chief Operating Officer and Director
Age: 34
Total Annual Compensation: $275.0K
Chief Financial Officer, Principal Accounting Officer, Treasurer and Secretary
Age: 57
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2015.

KonaRed Corporation Key Developments

KonaRed Corporation Enters into a Settlement Agreement with Splash Beverage Group

On October 18, 2016, KonaRed Corporation entered into a Settlement Agreement with Splash Beverage Group Inc. to settle and discharge with no payments being made between the Parties, all claims between the Parties regarding the Confidential Distribution Agreement and Sales and Marketing Services Agreement which the Parties had entered on April 22, 2014 and which the Company had provided cancelation notices to SBG of the SMSA on September 16, 2015 and the CDA on September 23, 2015. On or about April 22, 2014, KonaRed and SBG entered into a Confidential Distribution Agreement ("CDA") and a Sales and Marketing Services Agreement ("SMSA"). Disputes have arisen regarding performance under the CDA and SMSA. SBG commenced a lawsuit against KonaRed in the Circuit Court of the Seventeenth Judicial Circuit in and for Broward County, Florida styled Splash Beverage Group Inc. v. KonaRed Corporation and bearing Case No. 15-022541 CACE (09).SBG commenced an arbitration against KonaRed before the American Arbitration Association styled Splash Beverage Group Inc. v. KonaRed Corporation and bearing Case No. Case 01-16-0002-5099. The Parties desire to enter into this Settlement Agreement: in order to provide for the formal cancellation of the CDA and SMSA; for the settlement and discharge of all alleged claims by SBG and KonaRed; which are the subject or could have been the subject of the Litigation, including all claims, counterclaims, defenses, and claims for attorneys' fees and/or costs upon the terms and conditions set herein; and to provide mutual general releases.

KonaRed Corporation Announces Revenues Results for the Third Quarter and Nine Months Ended September 30, 2016

KonaRed Corporation announced revenues results for the third quarter and nine months ended September 30, 2016. During the three month period ended September 30, 2016, the company's comparative revenue grew by 132% from $174,000 in third quarter of 2015 to $404,000 in third quarter of 2016. KonaRed's new line of Cold Brew Coffees accounted for 76% of sales for third quarter of 2016's three month period and 54% for the nine month period. Revenue for the comparative nine month period grew by 34% from $587,000 to $789,000. KonaRed's new line of Cold Brew Coffees accounted for 54% of sales for nine monts period of 2016.

Konared Corporation Announces Additions to its Board of Directors

KonaRed Corporation announced expansion of its board of directors with the addition of food industry veteran Brad Paris and KonaRed's president and COO Kyle Redfield.

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