Alkame Signs Product Development and Production Agreement with Phase Tea LLC

Rhea-AI Summary

Alkame Holdings, Inc. (OTC PINK: ALKM) announced a Product Development and Production Agreement with Phase Tea, LLC. This agreement enables Bell Food & Beverage, a subsidiary of Alkame, to assist Phase Tea in launching a high-quality tea beverage line infused with CBD. The initial products will include three flavors: green tea, peach tea, and mint tea, each containing 15 mg of hemp-derived CBD isolate. Alkame's CEO expressed optimism about significant revenue generation and market interest, with a beta test expected soon.

Positive

• Agreement with Phase Tea expected to enhance product offerings in the growing CBD beverage market.
• Potential for significant revenue generation from the new product line.
• Initial product lineup includes popular flavors, appealing to health-conscious consumers.

Negative

• Risk of competition from established players in the CBD beverage market.
• Forward-looking statements indicate uncertainties in achieving projected sales.

LAS VEGAS, NV / ACCESSWIRE / September 21, 2020 / Alkame holdings, Inc. (OTC PINK:ALKM) a publicly traded holding company is pleased to announce its wholly-owned subsidiary Bell Food & Beverage Inc. has signed a Product Development and Production Agreement with Phase Tea, LLC.

The agreement calls for Bell Foods to assist Phase Tea in entering the natural products and healthy beverage sector with the formulation and development of a high quality tea beverage line to satisfy the demands of healthy consumers who seek to safely improve their overall health and quality of life with CBD.

The initial lineup will consist three 16 oz. bottles of tea each enhanced with 15 mg of hemp derived CBD isolate. The initial three delicious flavors will be green tea, peach tea, and mint tea. Currently a natural product, Phase Tea is looking to be become certified organic through Oregon Tilth.

"We look forward to begin working with Phase Tea, and developing these high-quality natural products in the influential Tea sector", says Alkame CEO, Robert Eakle.

Eakle added, "We anticipate these products to generate significant revenue and strong interest from the marketplace. We expect Phase Tea to begin launching its Beta test in the coming weeks."

Bell Food and Beverage, Inc.

Bell Food and Beverage, Inc. is a wholly-owned subsidiary of Alkame Holdings, Inc. and is a specialty natural, organic liquid-based hot and cold fill food & beverage manufacturer in glass and PET bottles and jars.

About Alkame Holdings, Inc.

Alkame Holdings, Inc. is a publicly-traded health and wellness technology holding company with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly-owned subsidiaries manufacture products with enhanced water utilizing proprietary technology to create products with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, and by pursuing multiple applications and placement into several emerging business sectors including but not limited to the following: consumer bottled water, RTD products, liquid hemp-based products, household pet products, horticulture, agriculture, and medical applications, including hand sanitizers, and many other various water-based treatment solutions to both new and existing business platforms.

For more information, visit www.alkameholdingsinc.com.

CONTACT:

Tony Schor
Alkame Holdings, Inc. Investor Relations
Website: www.alkameholdingsinc.com
Email: info@alkameholdingsinc.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

SOURCE: Alkame Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/606924/Alkame-Signs-Product-Development-and-Production-Agreement-with-Phase-Tea-LLC

FAQ

What is the agreement between Alkame and Phase Tea?

Alkame's subsidiary, Bell Food & Beverage, has signed a Product Development and Production Agreement with Phase Tea to develop a high-quality CBD-infused tea beverage line.

What flavors will the new CBD tea beverages include?

The initial lineup will feature green tea, peach tea, and mint tea, each containing 15 mg of hemp-derived CBD isolate.

When will the new products be available for testing?

Phase Tea is expected to begin launching its beta test for the new products in the coming weeks.

What is Alkame's focus in the beverage sector?

Alkame is focusing on innovative and eco-friendly consumer products, particularly in the health and wellness sectors.

Is Alkame planning to enter the organic market?

Yes, Phase Tea aims to become certified organic through Oregon Tilth.