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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.
The Alkaline Water Company (NASDAQ: WTER) announced that its Alkaline88 3-Liter and 1-Gallon bottles will be added to five warehouses of Associated Wholesale Grocers (AWG), enhancing distribution to over 1,100 member companies and 3,000 locations across 28 states. This strategic addition aligns with a reported sales growth of 39.6% year-over-year in the last four weeks. The independent grocers channel, accounting for $253.6 billion in national sales, presents significant growth potential for the company.
The Alkaline Water Company (NASDAQ: WTER) has announced a distribution agreement with Premier Distribution Services (PDS) to provide Alkaline88® water to over 800 gyms and fitness venues nationwide. This partnership aims to introduce new product offerings, including 2-liter, aluminum, and flavor-infused SKUs, enhancing access to its premium alkaline water. With plans for a marketing campaign featuring Shaquille O’Neal, the company expects increased brand visibility and consumer demand. PDS aims to expand its client base significantly this year, further promoting Alkaline88® as a health-conscious choice.
The Alkaline Water Company (NASDAQ: WTER) has successfully closed a non-brokered private placement financing, raising US $4,995,250.05 by issuing 4,757,381 subscription receipts at US$1.05 each. Major investments by Chairman Aaron Keay and Shaquille O'Neal account for over 40% of the total proceeds. Funds will be allocated for general working capital and expanding production capacity. The financing is contingent on shareholder approval by September 30, 2021, or proceeds will be returned to subscribers. This strategic move aims to bolster the growth of the Alkaline88® brand.
The Alkaline Water Company (NASDAQ: WTER) announces a teleconference on July 6, 2021, at 8:30 AM ET, led by President Richard Wright and CFO David Guarino. The call will cover fiscal year 2021 financial results and the outlook for 2022. Details of the fiscal results were released previously and are available on the company’s website. Alkaline88®, the flagship product, is now sold in 75,000 stores across the U.S., highlighting the brand's growth and commitment to delivering a premium alkaline water experience.
The Alkaline Water Company (NASDAQ: WTER) reported record fiscal 2021 results, with revenue reaching $46 million, a 20% increase from fiscal 2020. The company anticipates 35% growth in fiscal 2022, projecting revenue of $62 million. Key highlights include a gross profit of $16.4 million and a net loss of $16.4 million. The company expanded its market presence, launching new products, and achieving growth in key distribution channels, including partnerships with major beverage distributors. Alkaline88 remains a leading brand in its category, experiencing substantial unit sales growth.
The Alkaline Water Company Inc. (NASDAQ: WTER) has announced the postponement of its full-year fiscal 2021 earnings results call. This decision arises from the delay in filing their 10-K report, which is necessary for the call to proceed. Under Regulation FD, the company cannot hold the call until the filing is completed, which raises concerns about transparency and timely communication with investors.
The Alkaline Water Company (NASDAQ: WTER) announced a teleconference to discuss its fiscal fourth-quarter and full-year 2021 financial results and outlook. Scheduled for July 2, 2021, at 8:30 AM ET, the call will feature CEO Richard Wright and CFO David Guarino. Participants will review key operational and financial highlights, alongside projections for fiscal year 2022. The company urges investors to dial in early and will provide a replay of the call starting July 3, 2021. Alkaline88® remains a leader in alkaline water with a perfect pH of 8.8, now available in 75,000 stores across the U.S.
The Alkaline Water Company (NASDAQ: WTER) announced that Giant Food will carry its Alkaline88® 1-gallon and 1.5-liter bottles, as well as four A88 Infused® flavors across all 164 of its Mid-Atlantic locations. This significant partnership targets a market of 60 million people, with expectations for increased sales contributions from these new listings. The company highlights its commitment to purity and quality, underscoring the water's 8.8 pH balance. This strategic move bolsters the company's expansion into untapped U.S. markets.
The Alkaline Water Company (NASDAQ: WTER) announces the opening of two new east coast manufacturing facilities by its suppliers, resolving raw material supply concerns amid its expansion. This move will be complemented by three additional co-packers by the end of Q3 to meet growing demand for Alkaline88®. CEO Ricky Wright highlighted the proactive sourcing strategy, which has positioned the company to exceed increased production demands and reduce the carbon footprint. Alkaline88® is now available in 75,000 stores nationwide, bolstered by a national marketing campaign slated for later this year.
The Alkaline Water Company (NASDAQ: WTER), the leading independent alkaline water provider in the U.S., will join the Russell Microcap® Index effective June 28, 2021. This membership enhances the visibility of WTER in investment circles, potentially attracting more institutional investors. The company reports strong sales performance, outperforming its category significantly in both sales volume and unit volume. Alkaline88®, its flagship product, is now offered in 75,000 U.S. stores and is known for superior hydration with a perfect 8.8 pH balance.
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