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Alkame Holdings, Inc. (OTC PINK: ALKM) is a publicly traded diversified holding company deeply involved in multiple business sectors. The company specializes in proprietary water technology, food and beverage manufacturing, co-packing, and CBD/Hemp food and beverage manufacturing. Its wholly owned subsidiaries include West Coast Co Packer Inc. and Bell Food and Beverage, Inc., which integrate seamlessly to provide high-quality liquid and single-serve products.
In 2022, Alkame Holdings Inc. reported impressive financial growth with revenues reaching $780,000, a 19% increase from the previous year. The company realized a net profit of $820,000, significantly aided by a one-time gain of $1,430,000 from the extinguishment of debt and derivative liabilities. The revenues were primarily driven by co-packing fees amounting to $658,000 and an additional $122,000 from their Maury Island and Quinn's brands.
Alkame has shown remarkable financial flexibility by wiping out $300,000 in line of credit through a sale and leaseback of equipment at their Salem facility. This strategic move provided Alkame with the capital it needed to further expand its operations. For 2023, the company projects co-packing revenues to surpass $900,000 and revenues from Maury Island and Quinn's brands to exceed $350,000.
Recently, Alkame's subsidiary, West Coast Co Packer Inc., announced its 7th consecutive year of farm-to-jar blueberry packing for export to Japan. This project is in collaboration with Pacific Flavors, Intl., and underscores Alkame's commitment to maintaining high standards and meeting international demands.
The company is actively building a robust foundation through the acquisition and launch of business assets in emerging sectors like consumer bottled water, RTD products, and household pet products. Alkame Holdings continues to utilize its enhanced water technology across various platforms, aiming to provide innovative solutions to both new and existing markets.
For more information, visit www.alkameholdingsinc.com.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced the full forgiveness of a $101,440 Paycheck Protection Program loan from the Small Business Administration, aiding in workforce retention during the pandemic. CEO Robert Eakle highlighted the loan's critical role in sustaining operations amid financial challenges. The company is also focused on debt extinguishment and is actively pursuing opportunities across diverse sectors, including consumer bottled water and CBD food products.
On August 3, 2022, Alkame Holdings, Inc. (ALKM) announced significant progress in strengthening its balance sheet. The company has successfully canceled approximately $200,000 in debt and is negotiating to convert another $800,000 of debt to preferred stock. This strategic move aims to enhance equity and shareholder value while reducing future share count. Alkame's CEO, Robert Eakle, expressed optimism regarding the debt reduction efforts and the company’s commitment to growth and shareholder benefits.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced that its subsidiary, Bell Food and Beverage, Inc., expects to generate approximately $175,000 by packing blueberries for export to Japan. The company has adopted a new revenue model focusing on co-packing, projected to pack around 250,000 jars this year. With a strong history of working with Pacific Flavors, Inc., Alkame emphasizes increased bottom-line revenue through efficient operations.
Alkame Holdings is enhancing its financial stability through a debt restructuring agreement with its largest shareholder, effectively canceling a $200,000 convertible note. This agreement eliminates the potential for approximately 4 billion shares being issued, significantly reducing dilution for existing shareholders. The restructuring indicates a proactive effort to strengthen the company's balance sheet and operational effectiveness, emphasizing its commitment to shareholder value.
Alkame Holdings, Inc. (OTC PINK:ALKM) announced that its subsidiary, West Coast Co-Packer, has initiated production of plant-based sauces for Sistry Foods, LLC. The sauces, developed by three sisters, are vegan and cater to various dietary restrictions, available in Chili Chipotle, Jalapeno Cilantro, and Ranch Dressing. CEO Robert Eakle highlighted the growing US plant-based market, projected to rise from $5.6 billion in 2020 to $10.7 billion by 2027. This move aligns with Alkame's strategy to enter emerging food sectors and enhance its product portfolio.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced that its subsidiary, West Coast Copacker Inc., has developed two new hemp-infused beverages: Sweet Green Tea and a Tea and Lemonade mix, each containing 25mg of CBD. These beverages will join the existing Simple Beverage lineup, which already includes a coconut lemonade with CBD. All products utilize Alkame's advanced water treatment technology, enhancing hydration and bioavailability. The company aims to expand its beverage offerings, driven by the success of its initial products.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced that its subsidiary, Bell Food and Beverage, is set to pack its sixth consecutive year of farm to jar blueberries for export to Japan. The operation, scheduled to begin around July 15, aims to pack over 250,000 jars sourced directly from Pacific Northwest farmers. This initiative highlights the company's commitment to delivering fresh, high-quality products to clients, with notable efficiency in processing.
Alkame Holdings, Inc. (ALKM) announced the acquisition of new equipment expected to boost jam and jelly production throughput by 40%. This expansion follows the acquisition of two jam and jelly brands, enhancing their operational capabilities. The new equipment, a steam jacketed vacuum kettle with agitation, is designed to improve production efficiency and product quality. CEO Robert Eakle highlighted this initiative as a significant step in their entry into the jam and jelly market. The company's subsidiaries are anticipated to benefit from this upgraded manufacturing capacity.
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