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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) provided a corporate update highlighting significant advancements in Q1 2022. The company reduced corporate debt by over $1,000,000, including settling a $500,000 dispute and restructuring equipment purchases. Alkame is focusing on enhancing revenues through strategic operational changes, enabling greater cash flow. They are expanding their production capabilities at the West Salem Facility, particularly for hot packed products, following the acquisition of established jam brands. The company aims for continued growth and operational efficiency.
Alkame Holdings, Inc. (ALKM) has provided a corporate update highlighting significant progress in the first quarter of 2022. The company has successfully reduced its corporate debt by over $1,000,000, settling a $500,000 dispute and initiating a $280,000 equipment purchase. Alkame's operational model has shifted to reduce cash outlays for client supplies, enhancing financial health. The acquisition of Maury Island Farms and Quinn’s Pepper Jellies marks entry into a new market. Plans to expand production capabilities are in motion, alongside a $1,000,000 credit facility to support operations.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced that its subsidiary, Bell Food & Beverage Inc., has obtained its first USDA Organic Certification for CBD products, becoming one of the first copackers to achieve this recognition. This certification enables Bell Food & Beverage to assist qualifying brands in obtaining USDA Organic Certification, marking a significant advancement in product development and manufacturing capabilities. CEO Robert Eakle emphasized the rigorous process with Oregon Tilth, ensuring compliance and traceability in organic hemp farming and manufacturing.
Alkame Holdings, Inc. (OTC PINK: ALKM) has announced that its subsidiary, West Coast Co Packer, Inc., is negotiating a significant expansion of its manufacturing and co-packing operations in Salem, Oregon. This move is expected to enhance Alkame's market presence and operational capabilities. West Coast Co Packer specializes in liquid and single-serve manufacturing, which will integrate with Alkame’s other subsidiaries, including Bell Food and Beverage, Inc. Alkame focuses on innovative, eco-friendly consumer products leveraging proprietary technology for enhanced water.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced a reduction of $500,000 in company debt, totaling $1,000,000 reduced within eight months. This move is part of Alkame's strategy to eliminate debt liabilities and position the company for future growth, according to CEO Robert Eakle. The company focuses on innovative health and wellness products using enhanced water technology and manages subsidiaries like West Coast Co Packer, Inc. and Bell Food and Beverage, Inc. Further announcements regarding company developments are expected soon.
Alkame Holdings, Inc. (OTC PINK: ALKM) has announced the commencement of production for Maury Island Farms Jams and Quinn’s Pepper Jellies through its subsidiary, West Coast Copacker. This marks a significant step in integrating these established Pacific Northwest brands into its operations. The company aims to expand into the direct-to-consumer market, which is expected to drive steady growth. CEO Robert Eakle expressed optimism about the new venture, highlighting the potential for long-term benefits from these clean label premium products.
Alkame Holdings, Inc. (OTC-PINK: ALKM) announced the retention of Brand Focus Digital, an eCommerce brand management agency, by its subsidiary West Coast Copacker Inc. This partnership aims to enhance Alkame's online sales strategies, leveraging the agency's extensive experience in Amazon and eCommerce. Brand Focus Digital reportedly boasts a proven track record of significant sales growth and ROI improvements. CEO Robert Eakle expressed enthusiasm over the collaboration, viewing it as a critical step toward delivering Alkame Brand products directly to consumers.
Alkame Holdings, Inc. (OTC PINK: ALKM) has announced that its subsidiary, West Coast Copacker Inc., has retained Brand Focus Digital, an eCommerce brand management agency specializing in Amazon. This partnership aims to enhance Alkame's direct-to-consumer sales strategy. Brand Focus boasts a proven track record of significant sales growth and ROI improvements. CEO Robert Eakle expressed enthusiasm about the collaboration, which aligns with the company's focus on providing innovative health and wellness products.
Alkame Holdings Inc. (USOTC: ALKM) has announced the debut shipment of EVERx Sugar Free CBD Sports Water at The Arnold Sports Festival in Columbus, Ohio. This new product, developed in collaboration with Puration, Inc. (USOTC: PURA), offers sugar-free flavors such as Kiwi Strawberry and Lemon Lime. Additionally, Alkame's subsidiary, West Coast Co Packer, Inc., is poised to enhance the company's manufacturing capabilities by integrating seamlessly with other subsidiaries.
On Feb. 1, 2022, Alkame Holdings, Inc. (OTC PINK: ALKM) announced its subsidiary, West Coast Copacker Inc., acquired two specialty food brands: Maury Island Farm Jams and Preserves, and Quinn's Pepper Jellies. This move is backed by a market report predicting a 1.7% CAGR for the US jam, jelly, and preserve market from 2020-2025. The acquisitions, generating close to $1 million in annual revenue, allow Alkame to expand these brands into new markets, leveraging their clean label products and regional recognition.
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