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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) has announced a significant debt restructuring agreement with Blue Citi LLC, addressing four convertible notes totaling $988,000 in principal and $350,000 in accrued interest. This restructuring eliminates future interest accruals, effectively removing over $1 million in debt from the balance sheet. The CEO stated that this move will bolster the company's capital structure, enabling the pursuit of new credit facilities to support expected growth. The restructuring aligns with Alkame's focus on innovative health and wellness technology products.
Alkame Holdings, Inc. (OTC PINK: ALKM) has announced a significant debt restructuring agreement with Blue Citi LLC. This restructuring involves four convertible notes totaling $988,000 in principal and approximately $350,000 in accrued interest. The deal includes the nullification of all accrued interest and eliminates future interest accruals, thereby reducing the company's debt burden by about $1.0 million. This strategic move is expected to strengthen Alkame's balance sheet and facilitate new credit facilities for anticipated growth.
Alkame Holdings, Inc. (OTC PINK:ALKM) has successfully executed a strategic debt restructuring agreement with Blue Citi LLC, reducing its debt burden significantly. The agreement restructures four convertible notes totaling $988,000, along with the cancellation of approximately $350,000 in accrued interest. This restructuring eliminates future interest accruals, aiming to alleviate nearly $1 million in liabilities. CEO Robert Eakle emphasizes that this move positions Alkame for new credit facilities and supports anticipated growth.
Alkame Holdings, Inc. (ALKM) announced a debt restructuring agreement with Blue Citi LLC, converting $100,000 in Promissory notes into common shares at $0.01 each. This move aims to strengthen Alkame's balance sheet as the company prepares for increased production capacity following its transition to a new facility. CEO Robert Eakle noted a rise in demand and production needs, anticipating significant growth through 2022. The company focuses on innovative consumer products, particularly in health and wellness sectors.
Alkame Holdings, Inc. (OTC PINK:ALKM) has entered a debt restructuring agreement with Blue Citi LLC to convert a $100,000 promissory note with a 12% interest into common shares at $0.01 each. This move aims to strengthen Alkame's balance sheet while the company seeks a revolving credit line to support anticipated co-packing growth. The CEO, Robert Eakle, noted a significant increase in demand and production needs as the company transitions to a new production facility, positioning Alkame for enhanced capacity and capabilities in 2022.
Alkame Holdings, Inc. (OTC PINK:ALKM) announces the launch of a revamped website for its subsidiary, West Coast Copacker Inc., featuring enhanced functionality and rich content. The new site highlights their position as a leading specialty food and beverage copacker, utilizing Alkame's proprietary water technology. This technology enhances water with alkaline and electrolyte properties aimed at better bioavailability. The website aims to improve communication with clients, investors, and the public, reinforcing Alkame's focus on innovative, eco-friendly consumer products.
Alkame Holdings, Inc. (OTC PINK: ALKM) announced a multi-year production agreement with Pacific Gourmet Sauces LLC via its subsidiary West Coast Copacker. This partnership aims to develop a premium line of sauces crafted by celebrity chefs, expanding their market presence. CEO Robert Eakle expressed enthusiasm for collaborating with renowned chefs to reach consumers effectively. West Coast Copacker complements Alkame's other subsidiaries, focusing on health and wellness products using proprietary technology. The agreement signifies a strategic move into the gourmet food sector.
Alkame Holdings, Inc. (OTC PINK:ALKM) has announced a significant multi-year production agreement with Pacific Gourmet Sauces LLC through its subsidiary, West Coast Copacker. This partnership aims to develop a premium line of sauces crafted by celebrity chefs, enhancing the brand's market presence. CEO Robert Eakle expressed enthusiasm for this collaboration, emphasizing existing distribution channels. The integration of West Coast Copacker with Alkame’s subsidiary Bell Food and Beverage is expected to strengthen operational capabilities in the liquid and beverage manufacturing sector.
Alkame Holdings, Inc. (ALKM) announced a significant purchase order exceeding $200,000 from its subsidiary, West Coast Co Packer, for its Handout brand single-use packets. These packets, containing a blend of hand wash and sanitizer with 75% Isopropyl Alcohol and organic green tea, cater to the growing demand in the rising $2.7 billion U.S. hand sanitizer market expected by 2027. CEO Robert Eakle emphasized the overwhelming positive response and need for premium products in the marketplace.
Alkame Holdings, Inc. (ALKM) has announced the commencement of its annual blueberry production, ensuring rapid processing from farm to jar within 24 hours. This marks the 5th year of collaboration with Pacific Flavor Inc. to manufacture hundreds of thousands of jars for export to Japan. Furthermore, Alkame's subsidiary, West Coast Co Packer, Inc., is set to enhance operational synergy with existing subsidiaries. The company focuses on innovative, eco-friendly consumer products and aims to expand across various sectors, including bottled water and health-related solutions.
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