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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) announces a partnership between its subsidiary, West Coast Co-Packer, Inc., and Spread the Love, LLC, a producer of all-natural spreads. This collaboration aligns with Alkame's commitment to high-quality, clean-label products, enhancing its presence in the food and beverage market. Spread the Love offers a range of nut butters, jams, and granola, available through various retail channels. CEO Robert Eakle emphasized shared values between the two companies, marking a strategic synergy aimed at improving product offerings and expanding market reach.
Alkame Holdings, Inc. (OTC PINK: ALKM) reported a significant operational update for Q1 2022, revealing a 300% increase in revenue to $138,779 compared to Q1 2021. The company has adopted a new strategic direction, moving away from financing clients' supplies to focus on logistics and profitability. This model prioritizes lower capital outlay and aims to enhance bottom-line revenue. Alkame is optimistic about maintaining its current run rate and expects growth to continue into the second half of 2022.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced a development and production agreement with Tomaso’s Foods LLC, a Humboldt County-based specialty foods distributor. The partnership aims to transition Tomaso's focus from producing their own pasta sauces and salsas to larger-scale distribution with Alkame's subsidiary, West Coast Co-Packer, Inc. CEO Robert Eakle expressed enthusiasm for the collaboration to enhance product availability. This agreement positions Alkame to expand its food production capabilities, integrating Tomaso's organic offerings into its portfolio.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced its subsidiary, Bell Food & Beverage Inc., signed an agreement with Oregon Growers & Shippers LLC, a leading jam and preserve company in the Pacific Northwest. Oregon Growers specializes in all-natural products, utilizing fresh, local fruit. Alkame's CEO, Robert Eakle, expressed excitement over this partnership, which aims to produce jams and preserves for Oregon Growers, which sells to notable retailers like Whole Foods and Safeway. This collaboration could enhance Alkame's product offerings and market reach.
Alkame Holdings, Inc. (OTC PINK: ALKM) announces its subsidiary, West Coast Copacker Inc., has launched production of CBD-infused beverages, tapping into a market projected to reach $643 million by 2026. The initial offerings include Iced Tea and Pink Lemonade, both featuring 25mg of high-quality CBD. The products adhere to top quality standards, emphasizing natural ingredients. CEO Ralph Mizraji expressed optimism about the partnership with West Coast, which supports ongoing product development. This expansion aligns with Alkame's strategic goals in the beverage sector.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced that its subsidiary, West Coast Copacker Inc., has completed product development and begun production of a new line of hemp-infused beverages, CBDQ(9). The first two products, a 16.9oz Iced Tea and Pink Lemonade, each contain 25mg of high-quality CBD. The beverages were developed under strict regulatory compliance, showcasing the quality and environmental friendliness of the ingredients.
CEO Ralph Mizraji expressed optimism about the partnership with West Coast, while President Eli Fox noted the high standards met during production.
Alkame Holdings, Inc. (Pink Sheets: ALKM) has retained Fruci & Associates II PLLC, a PCAOB certified firm, to conduct an audit of its financial statements for the years ending December 31, 2020, and 2021. Following this audit, the company plans to apply for listing on the OTCQB and aims to become a fully reporting company. Alkame is a diversified holding company with interests in proprietary water technology, food and beverage manufacturing, and hemp-based products, focusing on expanding its presence in various consumer markets.
On April 25, 2022, Alkame Holdings (OTC PINK: ALKM) announced a new production agreement between its subsidiary, West Coast Co-Packer, Inc., and Blind Tiger LLC. This deal focuses on producing Blind Tiger Spirit-Free Cocktails, crafted from natural and organic ingredients. These non-alcoholic cocktails, inspired by Prohibition-era drinks, offer four flavors: Bees Knee’s, Sidecar, Southside, and Ward 8. Blind Tiger has gained recognition, winning multiple awards, including two double golds at the San Francisco World Spirits Competition.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced plans to uplist from OTC Pink Sheets to OTCQB, engaging an auditing firm for the transition. The move aims to enhance investor benefits through higher reporting standards and increased visibility, potentially leading to greater liquidity and analyst coverage. CEO Robert Eakle expressed optimism, citing the uplisting as a way to showcase the company to a broader audience, ultimately aiming for NASDAQ in the future.
Alkame Holdings, Inc. (OTC PINK: ALKM) announces a new partnership through its subsidiary, West Coast Copacker, to launch the Te’y Brew Tea brand. The initial product line includes Peach Mango and Blue Raspberry flavors, presented in 16 oz. bottles. CEO Robert Eakle emphasizes the company’s expertise in tea production, which includes both CBD and non-CBD options. West Coast Copacker enhances Alkame's portfolio by integrating seamlessly with its other subsidiaries, bolstering the company's commitment to expanding its specialty beverage offerings.
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