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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. (ALKM) has announced the acquisition of two specialty food brands, Maury Island Farm Jams and Preserves and Quinn’s Pepper Jellies, through its subsidiary, West Coast Copacker Inc. This strategic acquisition aims to capitalize on the growing U.S. jam, jelly, and preserve market, projected to achieve a CAGR of 1.7% from 2020-2025. The brands, producing nearly $1 million annually, focus on clean label products with natural ingredients. Alkame plans to expand these brands beyond the Pacific Northwest, increasing production capacity significantly.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced a strategic partnership through its subsidiary West Coast Co-Packer, Inc. with Sistry Foods, LLC, known for its dietary-friendly sauces. The product line includes three flavors: Chili Chipotle, Jalapeno Cilantro, and Ranch Dressing, all featuring clean, plant-based ingredients. CEO Robert Eakle expressed enthusiasm for the collaboration, highlighting the unique nature of Sistry Foods' offerings and the integrated capabilities of Alkame’s subsidiaries.
Alkame Holdings, Inc. (ALKM) has announced the acquisition of two specialty food brands, Maury Island Farm and Quinn's Pepper Jellies, through its subsidiary West Coast Copacker Inc. The acquisitions, which include intellectual property, inventory, and production equipment, were completed without issuing company stock. The brands, traditionally generating annual revenues between $700,000 and $1,000,000, are expected to quadruple revenue in the coming years. This strategic move aims to enhance production capabilities and expand into national distribution.
Alkame Holdings (OTC PINK: ALKM) announces its subsidiary, West Coast Copacker, has acquired specialty food brands Maury Island Farm and Quinn’s Pepper Jellies. This strategic move includes the purchase of intellectual property, inventory, and production equipment without issuing new stock. These brands, rooted in the Pacific Northwest, have historically generated annual revenues of $700,000 to $1,000,000, with projections of up to 4x revenue growth within two years. The CEO emphasizes the potential for consistent production and cash flow, aiming for national brand status.
Alkame Holdings, Inc. (OTC PINK:ALKM) announced a partnership between its subsidiary, West Coast Copacker Inc., and CBDQ(9) to develop hemp-infused beverages. CBDQ(9) is a leading company in cannabinoid-based products with a network of over 15,000 active clients, collaborating with medical cannabis professionals. CEO Robert Eakle expressed excitement for the collaboration, indicating a focus on quality CBD products. This partnership is expected to enhance the product offerings of Alkame, leveraging its subsidiaries' manufacturing capabilities.
Alkame Holdings (OTC PINK:ALKM) has signed an agreement to develop Troov, an innovative energy drink targeted towards athletes. This 12oz drink, available in three flavors, emphasizes health benefits, providing clean energy without crashes, and utilizing real fruits, vegetables, and no added sugars. Troov's unique formulation, incorporating ALKM's patented technology, aims to enhance exercise efficiency and reduce recovery times. Alkame's partnership with West Coast Co Packer is expected to facilitate the product's launch, contributing to the company's growth trajectory in the health and wellness sector.
Alkame Holdings, Inc. (OTC PINK:ALKM) has provided a corporate update highlighting key developments and challenges faced due to the pandemic. The company has completed its new Salem facility, now operational, despite delays that impacted revenue. Efforts include reducing corporate debt by approximately $558,000 and acquiring two jam and jelly brands generating $800,000 annually. With plans for new product introductions and a signed $1 million line of credit for financing, Alkame is optimistic about revenue growth in 2022, supported by onboarding new clients and expanding production.
Alkame Holdings (OTC PINK:ALKM) has launched its new manufacturing facility in Salem, Oregon, operational and approved to start production. This facility is expected to enhance productivity, reduce costs, and consolidate Alkame's food and beverage operations. The plant is geared for high-speed cold pack production and is capable of sachet manufacturing, enabling Alkame to diversify its product offerings. Despite earlier delays due to the pandemic, all necessary certifications have now been secured, marking a significant step forward for the company.
Alkame Holdings, Inc. (OTC Pink: ALKM) announces that its subsidiary, West Coast Copacker, Inc., secured an order worth approximately $265,000 from Pacific Gourmet Sauces for eight truckloads of product, scheduled at two per quarter for 2022. The first truckload will ship soon, following a successful previous order for their Teriyaki Sauce developed by celebrity Chef Shota Nakajima. This demand reflects strong market acceptance and aims to meet holiday sales expectations.
Alkame Holdings, Inc. (OTC PINK:ALKM) announced a commitment from Pacific Gourmet Sauces, LLC for eight truckloads of its signature Teriyaki Sauce, to be delivered two per quarter. The initial truckload is set to ship soon, following an earlier successful order. Developed by celebrity chef Shota Nakajima, the product has shown strong marketplace acceptance, prompting the new order in time for the holiday season. Alkame's subsidiary, West Coast Copacker, plays a key role in this operation, aligning with other subsidiaries to enhance production capabilities.
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