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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 Inc. (NASDAQ: WTER) has announced the strategic placement of its Alkaline88® 3-Liter product in the cold vaults of a top-ten convenience store chain across five states: California, Arizona, Nevada, Washington, and Oregon. This initiative will cover approximately 600 locations, enhancing visibility and accessibility for consumers seeking chilled alkaline water during the warm summer months. President and CEO Frank Chessman stated that this move is part of the company’s ongoing commitment to expand its presence in the convenience retail sector. The resets will be completed by July, aiming to make Alkaline88 a convenient grab-and-go option for summer commuters.
The Alkaline Water Company (NASDAQ: WTER) reported strong growth for the fiscal year 2023, ending March 31. The company expanded its distribution, adding products to over 11,000 new stores and enhancing offerings in 33,000 existing locations. Revenue increased by 29% year-over-year, and operating expenses and net loss improved by 33% and 30%, respectively. Alkaline88® retail sales surged with a year-over-year growth of 19.5%, significantly surpassing the category average. CEO Frank Chessman highlighted the brand's resilience amid economic challenges and a commitment to achieving profitability.
The Alkaline Water Company (NASDAQ: WTER) announced a significant expansion of its Alkaline88® brand, adding 1,141 new distribution points within The Kroger Co. across the United States, including 130 Fred Meyer locations. This nationwide distribution is expected to be completed by late April. Alkaline88® ranks as the best-selling bulk-sized enhanced water in the country, with its 1-Gallon product ranking 7th best out of the top-100 value-added-water SKUs based on sales per distribution point. The expansion is anticipated to enhance the company’s market presence and sales performance significantly.
The Alkaline Water Company (NASDAQ: WTER) has announced a 15-for-1 reverse stock split effective April 5, 2023, to comply with Nasdaq's minimum bid price of $1.00. The authorized shares will decrease from 200 million to 13.33 million, while the outstanding shares will drop from approximately 152 million to about 10.14 million. The reverse split aims to increase the per-share trading price, thereby maintaining the company's Nasdaq listing. Stockholders with electronic shares need not take action, while physical certificate holders will receive further instructions from the transfer agent.
The Alkaline Water Company (NASDAQ: WTER) has achieved nationwide distribution for its flagship Alkaline88® 1-Gallon product in all Whole Foods Market locations, expanding to 514 stores across 11 divisions. This recent rollout adds 306 stores, enhancing accessibility for organic food shoppers. Known as the top-selling bulk enhanced water product, Alkaline88's growth reflects strong performance in the natural grocery channel. The company's strategy focuses on ongoing brand expansion and cost-effective growth opportunities, aligning with its Pathway to Profitability.
The Alkaline Water Company (NASDAQ: WTER) has appointed Ronald DaVella as an independent director to its Board, effective March 17, 2023. With over four decades of financial experience, he will chair the audit committee and serve on the compensation committee. DaVella previously held executive positions, including CFO for NanoFlex Power Corp, and has extensive board experience, including with The Joint Corp. His appointment aims to enhance the Company’s financial governance and operational success. Chairman Frank Lazaran expressed optimism about DaVella's contribution to the company's growth and value creation for stakeholders.
The Alkaline Water Company Inc. (NASDAQ: WTER) is expanding its flagship product, Alkaline88 1-Gallon, into 160 new stores across California, Nevada, Arizona, and Hawaii by the end of March. This expansion follows successful testing in Arizona, with CEO Frank Chessman noting the demand for Alkaline88 as the best-selling bulk-sized enhanced water. Additionally, Chairman Aaron Keay has resigned effective March 13, 2023, to pursue other opportunities, with Frank Lazaran stepping in as non-executive Chairman. The company emphasizes its commitment to profitability while exploring further distribution expansion.
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