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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 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.
The Alkaline Water Company (NASDAQ: WTER) announced an exclusive audio interview with CEO Ricky Wright, discussing the company's evolution and strategies amidst the COVID-19 pandemic. The firm now positions itself as the second-largest alkaline water company, reporting $41 million in corporate revenue last year, translating to approximately $70 million at retail. Wright highlighted the company's adaptability, noting a doubling of production capacity due to local supply chains. With a compound annual growth rate of 62%, the company anticipates a return to 'hypergrowth' as it expands into CBD products.
The Alkaline Water Company (NASDAQ: WTER) is set to launch its new A88CBD™ product line in October 2020, featuring vegan gummies, Lemon-Lime CBD water, bath bombs, and deep-relief cream. CEO Ricky Wright emphasized that these all-natural, zero-calorie offerings cater to consumers seeking healthier alternatives. With agreements from over 100 retailers and a strong sales pipeline, the company anticipates these products will significantly contribute to its revenue in the latter half of the fiscal year. The CBD gummy market is projected to reach $6.94 billion by 2025, highlighting growth potential in this sector.
The Alkaline Water Company (NASDAQ: WTER) has been featured in an editorial by NetworkNewsWire, highlighting its rapid growth in the enhanced water sector.
WTER has achieved a remarkable 62% compound annual sales growth over the past five years, reporting record annual revenues of $41.1 million as consumers shift from sugary beverages to healthier options. The company’s flagship product, Alkaline88, is recognized for its premium quality, and it has expanded its offerings to include CBD-infused and flavor-infused waters.
The Alkaline Water Company (NASDAQ: WTER) has expanded its distribution, now offering its flagship product, Alkaline88®, in over 200 new convenience store locations through seven Core-Mark distribution centers. CEO Ricky Wright emphasized growing demand for their single-serve offerings, which include eco-friendly aluminum bottles. The strategy aims to capitalize on Core-Mark's network of approximately 11,000 stores nationwide, positioning the company for substantial growth in the current fiscal year.
The Alkaline Water Company (NASDAQ: WTER) has announced its partnership with Valu Merchandisers Company (VMC) to distribute its products in the Midwest and Southern U.S. VMC services over 3,800 supermarkets, enhancing Alkaline88's reach. Additionally, H-E-B stores in Texas will feature Alkaline88 aluminum bottles in 288 locations. Initial orders from distributors KeHE and UNFI have been strong, and the company anticipates a solid revenue contribution from its aluminum bottle line in fiscal 2021. The reusable water bottle market is projected to grow to $1.5 billion by 2025.
The Alkaline Water Company (NASDAQ: WTER) announced that President and CEO Richard Wright will present at three virtual investor conferences in September 2020. These include the H.C. Wainwright 22nd Annual Global Investment Conference on September 15, the Sidoti Fall 2020 Virtual Investor Conference on September 23, and one-on-one meetings at the Alliance Global Partners Cannabis Conference on September 29. Presentations will be webcast live and available for replay for 30 days. Alkaline88® is a leading alkaline water brand, enhancing its portfolio with A88 Infused™ and CBD products.
The Alkaline Water Company Inc. (NASDAQ: WTER) has expanded its distribution of Alkaline88® to all 123 Fareway store locations across six Midwestern states, including Illinois, Iowa, and South Dakota. This move aims to strengthen the brand's presence in the grocery sector, targeting an additional 40,000 stores over the next 12 to 18 months. Alkaline88® is known for its 8.8 pH balanced alkaline water and is marketed alongside flavor-infused and CBD-infused products. The company continues to see growth, particularly in its eco-friendly and single-serve options.
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