July 28, 2017 10:16 AM ET

Food Products

Company Overview of KonaRed Corporation

Company Overview

KonaRed Corporation produces and sells coffee fruit wellness drinks. Its products include ready-to-drink cold brew coffees; and KonaRed Antioxidant Juice. 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 and broadline distributors, direct to retail, online retail, and raw material ingredient sales channels in the United States and internationally. 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

13 Employees

Phone:

808-212-1553

Fax:

808-442-9922

Key Executives for KonaRed Corporation

Co-Founder, Chairman, Chief Executive Officer & PFO
Age: 47
Total Annual Compensation: $105.6K
President, Chief Operating Officer and Director
Age: 35
Total Annual Compensation: $223.4K
Compensation as of Fiscal Year 2016.

KonaRed Corporation Key Developments

KonaRed Corporation Announces Management Changes

On June 8, 2017, Steve Schorr resigned as a member of the Board of Directors of KonaRed Corporation. Mr. Schorr advised the company that his resignation was not in connection with any disagreement with the company on any matter relating to its operations, policies or practices. The Board elected Mark Masten to fill the resulting vacancy from Mr. Schorr's resignation as a Board member. Mr. Masten, 56, has over 20 years of experience in development for health foods and beverage brands in the United States and internationally, including Mr. Masten's current position as SVP of Global Sales at POM Wonderful. On June 13, 2017, the Company appointed Shaun Roberts, the Company's Chief Executive Officer and Chairman, to serve as the Company's Principal Financial Officer. Mr. Roberts, 48, is a co-founder of the business and has been Chief Executive Officer, Director and Board Chair since its inception in 2008.

KonaRed Corporation Appoints Leo Zweig as Vice President of Operations

KonaRed Corporation hired Leo Zweig, former Roll Global (Now the Wonderful Company) Executive, in a newly created position of Vice President of Operations.

KonaRed Corporation Reports Sales Results for the Month of April and for the First Quarter of 2017

KonaRed Corporation reported sales results for the month of April and for the first quarter of 2017. The company reported rapid sales growth during quarter one 2017. The company’s sales revenue surpassed $590,000, which compares to $149,000 for the same period in 2016, representing a year over year revenue increase of 295%. The company also reported that April sales reached $323,000.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 6, 2016
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