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ALKALINE WATER CO INC - WTER STOCK NEWS

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The Alkaline Water Company Inc. (symbol: WTER) is a leading producer, distributor, and marketer of bottled alkaline water in the United States. Founded in 2012 and headquartered in Scottsdale, Arizona, the company has established itself as a prominent player in the beverage industry. The company's flagship product is bottled alkaline water, which is sold under the brand name Alkaline88. This product is available in various volumes and is known for its premium quality and health benefits.

In addition to plain alkaline water, the company also offers a range of flavored bottled alkaline water options. These flavors include raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint. This diversification in product offerings allows The Alkaline Water Company to cater to a wide range of consumer tastes and preferences.

Besides its core water products, the company has ventured into the wellness market with its A88CBD brand. Under this brand, The Alkaline Water Company sells hemp-derived CBD topical and ingestible products. These products are designed to provide wellness benefits and are available through various retail channels.

The Alkaline Water Company employs a robust distribution strategy, selling its products through brokers and distributors to a variety of retail outlets. These outlets include convenience stores, natural food products stores, large ethnic markets, and national retailers. The company also leverages e-commerce platforms to reach a broader audience.

Over the years, The Alkaline Water Company has achieved significant milestones. It continues to innovate and expand its product line, keeping up with consumer demand for healthier beverage options. The company's focus on quality and customer satisfaction has earned it a loyal customer base.

Overall, The Alkaline Water Company Inc. stands out for its commitment to providing high-quality, health-focused beverage products. Its diverse product range, strategic distribution channels, and continuous innovation make it a significant player in the industry.

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The Alkaline Water Company (OTC: WTER) announced its strategic initiatives through an open letter from returning CEO Ricky Wright. The company plans to capitalize on two growth opportunities in the alkaline water market: pH-enhanced purified water and naturally alkaline spring waters. The strategy focuses on three main areas: developing a nationwide co-packing network, enhancing market position through Form 211 filing with FINRA, and rebuilding distribution networks.

Under Wright's previous leadership (2012-2022), WTER expanded to over 75,000 stores nationwide, becoming the largest independent enhanced water company in the country. The company aims to leverage existing relationships with suppliers, brokers, and distributors to rebuild its market presence across all trade channels.

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The Alkaline Water Company (OTC: WTER) announced the return of Ricky Wright, its co-founder and former President and CEO who retired in 2022, to lead the company's next growth phase. The announcement coincides with the company's preparations to file Form 15c211 with FINRA, aiming to become eligible for proprietary broker-dealer quotations and continuous market making.

Under Wright's previous leadership, Alkaline88® became the largest independent alkaline water company in the country, expanding to over 75,000 stores across the United States. The company's product is known for its purified water enhanced with Himalayan rock salt.

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The Alkaline Water Company (OTC: WTER) announces its plan to file Form 211 application with FINRA through a market maker under SEC Rule 15c211. This move aims to enable proprietary broker-dealer quotations and continuous market making, addressing current limitations of unsolicited quotes in Pink Sheet Current status. The company intends to uplist to OTCQB after completing the Form 211 filing, which would provide greater financial transparency and trading standards compared to Pink Sheets. This transition is expected to improve market liquidity and increase trading volume opportunities for investors.

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The Alkaline Water Company (OTC: WTER) announced plans to file Form 211 with FINRA through a market maker under SEC Rule 15c211. This filing aims to enable proprietary broker-dealer quotations and continuous market making, addressing current limitations of unsolicited quotes that cause wider spreads and increased volatility. The company, currently Pink Sheet Current, intends to uplist to OTCQB after completing the Form 211 filing. The OTCQB tier offers stricter standards and greater financial transparency compared to Pink Sheets, positioning it as a middle-tier market for developing companies.

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The Alkaline Water Company Inc. (NASDAQ: WTER) received a deficiency letter from Nasdaq due to its failure to file Form 10-Q for the period ended September 30, 2023. The company is at risk of delisting and has requested an appeal to a Hearings Panel. If delisted, the common stock would be traded on the OTC Markets Group.
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The Alkaline Water Company Inc. (NASDAQ: WTER) has resolved its filing deficiencies and is now in compliance with Nasdaq's periodic filing requirements.
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Alkaline Water Co. reports 62% improvement in net loss YoY, with net loss per share improving by 71%. Revenue down 8% YoY to $15M. Gross profit margin improves by 733 basis points YoY to 25%. Total OpEx decreased by over $3M YoY. Net cash used in operating activities improves 84% YoY to ($408K). Company now current with all SEC filings.
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The Alkaline Water Company received a deficiency letter from Nasdaq for not filing its Form 10-Q and Form 10-K on time. The company has until September 18, 2023, to submit a plan to regain compliance. If the plan is not accepted, the company can appeal to the Nasdaq Hearings Panel. The company filed its Form 10-K on August 17, 2023. There is uncertainty about regaining compliance and maintaining the listing on Nasdaq. If delisted, the stock may trade on OTC Markets Group.
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The Alkaline Water Company Inc. (NASDAQ: WTER) announced record-breaking financial results for the fiscal year ending March 31, 2023, with revenues of $63.8 million, representing a 16% YoY growth. The company also reported improvements in gross profit margin, total operating expenses, net loss, and net cash used in operating activities. The CEO emphasized the success of the company's Pathway to Profitability initiative, which has identified $22 million in cost savings and margin enhancement. Alkaline88, the company's flagship brand, experienced growth in retail sales and outpaced category growth in both dollar volume and unit volume.
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NASDAQ: WTER - The Alkaline Water Company Inc. expands production capacity through a new co-packing partner, A1 Beverages, in New York to support the growth of the Alkaline88® brand in the northeastern region of the United States. The partnership aims to reduce outbound shipping costs and strengthen capacity, capabilities, and cost efficiencies in the Northeast. A1 Beverages plans to further expand capacity in 2024, supporting Alkaline88's national footprint growth.
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FAQ

What is the current stock price of ALKALINE WATER CO (WTER)?

The current stock price of ALKALINE WATER CO (WTER) is $0.0503 as of December 20, 2024.

What is the market cap of ALKALINE WATER CO (WTER)?

The market cap of ALKALINE WATER CO (WTER) is approximately 766.6K.

What does The Alkaline Water Company Inc. do?

The company produces, distributes, and markets bottled alkaline water and flavored alkaline water in the United States under the Alkaline88 brand.

What flavors of bottled alkaline water does the company offer?

The company offers flavors such as raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint.

What is the A88CBD brand?

A88CBD is a brand under The Alkaline Water Company Inc. that sells hemp-derived CBD topical and ingestible products.

Where is The Alkaline Water Company Inc. headquartered?

The company is headquartered in Scottsdale, Arizona.

When was The Alkaline Water Company Inc. founded?

The company was founded in 2012.

How does The Alkaline Water Company Inc. distribute its products?

The company sells its products through brokers and distributors to retailers, including convenience stores, natural food products stores, large ethnic markets, and national retailers, as well as through e-commerce websites.

What makes Alkaline88 water different from regular bottled water?

Alkaline88 water is known for its premium quality and health benefits, which include maintaining the body's pH balance and providing better hydration.

What types of retailers carry The Alkaline Water Company's products?

The company's products are available in convenience stores, natural food products stores, large ethnic markets, and national retailers.

Does The Alkaline Water Company Inc. sell its products online?

Yes, the company also sells its products through various e-commerce websites.

ALKALINE WATER CO INC

OTC:WTER

WTER Rankings

WTER Stock Data

766.64k
14.71M
4.08%
0%
1.71%
Beverages - Non-Alcoholic
Consumer Defensive
Link
United States of America
Scottsdale