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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) has partnered with IBA Foodservice to enhance its presence in the hospitality and foodservice sectors. This collaboration aims to leverage IBA's extensive network of 30 independent agencies to penetrate regional accounts effectively, complementing existing national access through DOT Foods. The Company anticipates strong sales in the on-premise market, valued at over $14 billion, with a focus on its A88 Infused beverage line and eco-friendly products. This initiative capitalizes on increasing consumer demand for premium alkaline and infused waters.
The Alkaline Water Company (NASDAQ: WTER) reported fiscal Q2 2021 revenue of $10.8 million, a 3% year-over-year increase, bringing first-half revenue to $25 million, up 21%. EPS improved to ($0.06), a 14.3% year-over-year enhancement. The company projects full-year revenue between $48 million and $52 million, indicating growth of 17% to 27%. During this period, A88CBD launched five new products, and the company expanded its retail footprint, adding over 1,000 locations. The company’s gross margin declined to 41.2% due to higher raw material costs.
The Alkaline Water Company (NASDAQ: WTER) announced a teleconference scheduled for November 16, 2020, at 5:00 PM ET, hosted by President and CEO Richard Wright and CFO David Guarino. This call will review the fiscal second-quarter 2021 financial results. A press release detailing the financial outcomes and outlook will be published post-market close on the same day and available on their website. Founded in 2012, the Company produces Alkaline88®, a premium alkaline water brand, along with flavored and CBD-infused products.
The Alkaline Water Company (NASDAQ: WTER) announced the launch of new A88CBD™ powder packs, set to be available by the end of November. These flavored powder packs are designed for on-the-go consumers and contain 25mg of high-quality, lab-tested CBD per packet. The company has received positive feedback and secured commitments from over 500 retail locations. The global CBD nutraceuticals market is projected to reach USD 17.4 billion by 2026, with a CAGR of 18.8%. With this expansion, the company aims to strengthen its position in the convenience store channel.
The Alkaline Water Company (NASDAQ: WTER) announced that its flagship product, Alkaline88®, was the top-selling item by cases at the KeHE Virtual Winter Show, held from October 5 to 12, 2020. This follows a successful showing at an earlier KeHE event. The company noted strong interest in Alkaline88 and its A88 Infused flavored waters, resulting in new orders from major retail chains for seasonal store resets. CEO Ricky Wright emphasized the importance of partnerships with retailers, anticipating continued growth as they aim to become a trusted household brand.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced a partnership with BettermentRS to enhance its CBD product sales, particularly in convenience stores. This collaboration aims to leverage BettermentRS's expertise to tap into a booming CBD market, which saw c-store sales of hemp-derived CBD products reach approximately $122 million in 2019, growing significantly year-over-year. The Alkaline Water Company continues to expand its product line, introducing new CBD-infused beverages and topical items, positioning itself to meet increasing consumer demand in the health and wellness sector.
The Alkaline Water Company (NASDAQ: WTER) has partnered with Kampgrounds of America (KOA) and Yogi Bear’s Jellystone Park Camp-Resorts to provide its products at over 600 campground locations. This move capitalizes on the surge in camping popularity, with KOA reporting a 400% increase in bookings. The company’s single-serve alkaline and flavor-infused waters, along with CBD products, will be available at these venues, marking significant growth potential in the hospitality sector. These partnerships aim to enhance brand visibility and equity in a growing market.
The Alkaline Water Company (NASDAQ: WTER) announced the launch of its new 2-liter six-pack packaging for its flagship product, Alkaline88®, now available in 500 HomeGoods stores nationwide. This packaging targets high volume shoppers, particularly in the club market, fulfilling a gap in the bottled water category. CEO Ricky Wright emphasized its appeal to health-conscious consumers and suitability for bulk purchases. Alkaline88® is recognized for its 8.8 pH balance, promoting hydration and wellness.
The Alkaline Water Company (WTER) has appointed Frank Lazaran, a seasoned retail veteran, to its board of directors effective October 8, 2020, while Bruce Leitch steps down to focus on other business ventures. Lazaran, who has over 40 years of industry experience, will contribute to the audit and compensation committees. His appointment is seen as pivotal for scaling the company’s lifestyle brands amidst rising demand. The company aims to achieve cash flow profitability by fiscal 2021, driven by new product initiatives and strategic insights from Lazaran.
The Alkaline Water Company (NASDAQ: WTER) has announced that its A88 Infused flavored waters are now available through major retailers and wholesalers, including UNFI and KeHE, reaching nearly 40,000 stores. The demand for single-serve products is at an all-time high, with current placements in approximately 13,200 stores. The A88CBD Lemon-Lime flavored water has generated strong initial interest. The company aims to accelerate its market presence and capitalize on growing consumer demand for flavor-infused and CBD products.
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