ALKALINE WATER CO INC - WTER STOCK NEWS

The Alkaline Water Company (NASDAQ: WTER) will exhibit at Expo West 2023 from March 9-11 in Anaheim, California. The company will showcase its popular 2-Liter Shaq Paq and eco-friendly 750 aluminum bottle, along with the newly launched Alkaline88 Sport in three flavors. President and CEO Frank Chessman highlighted the importance of the event for connecting with customers and promoting their growth in the natural food sector. The company aims to attract new buyers interested in high-quality alkaline water products, which have experienced significant retail sales growth.

The Alkaline Water Company reported its best third quarter ever with $15.9 million in sales, a 21% increase year-over-year. The company's gross profit reached $3.9 million with a gross margin of 24.7%, improving by 300 basis points from the previous quarter. Total operating expenses decreased by 46% to $7.5 million, while operating loss improved by 67% to $3.6 million. The cash position as of December 31, 2022, was approximately $2.2 million. CEO Frank Chessman emphasized a clear pathway to profitability despite challenging market conditions.

The Alkaline Water Company announced that Frank Lazaran stepped down as CEO and President due to medical concerns, effective February 20, 2023. Frank Chessman, previously the Director of Sales and Operations, has been appointed to succeed him. Lazaran will remain on the Board of Directors. Chessman has been instrumental in driving the Company’s retail sales to approximately $100 million in 2022 and has over five decades of experience in sales and operations. The transition is aimed at maintaining leadership continuity while Chessman guides the Company forward.

The Alkaline Water Company (NASDAQ: WTER) announced significant retail expansion, with its Alkaline88 1-Gallon now available in over 180 new supermarket locations across Maine, New Hampshire, Vermont, Massachusetts, and New York. This expansion marks the company's presence in every U.S. banner of a major food retailer with over 2,000 locations. Notably, the Alkaline88 1-Gallon is recognized as the sixth best-selling value-added water product by dollar volume in grocery stores, with a dollar volume 5.5 times greater than its closest competitor. In 2022, its retail sales dollar volume saw a growth of nearly 21%, making it one of the top-performing products in its category.

The Alkaline Water Company Inc. (NASDAQ: WTER) announced a partnership with Intrastate Distributors Inc. to distribute Alkaline88® products across five Michigan counties, serving over 4.4 million residents. This strategic move targets convenience stores, a channel that saw over double the sales in 2022 compared to 2021. CEO Frank Lazaran emphasized the potential for significant growth in this region, leveraging IDI's extensive local experience to enhance market share. The partnership aligns with the company's goals of expanding its footprint in the beverage market and tapping into the increasing demand for alkaline water.

The Alkaline Water Company (NASDAQ: WTER) announced an expansion of its Alkaline88® product line at Sprouts Farmers Markets, adding a 750ml aluminum bottle and a 1-liter six-pack to 380 locations across 23 states starting this February. This move aims to increase brand visibility and attract more shoppers, benefiting from Sprouts' reputation for fresh and organic products. The company's 1-gallon product is already a best-seller at these locations. Additionally, this product expansion is a precursor to further significant retail growth planned for the upcoming months.

The Alkaline Water Company (NASDAQ: WTER) has announced the addition of two new direct-store-delivery (DSD) partners, C&M Sales and Alber & Leff Foods Company, expanding its coverage to fourteen states. This strategic move aims to enhance sales in regional grocery chains and secure shelf space in 150,000 convenience stores nationwide. Over the past year, Alkaline88® has achieved a year-over-year sales growth that is nearly 11 times greater than the overall category in convenience stores. The company plans to pursue more DSD partnerships to align with its growth objectives.

The Alkaline Water Company (NASDAQ: WTER) announces its Alkaline88® products are now available in Gold’s Gyms across Texas, Oklahoma, and the Carolinas, representing a quarter of the gym’s locations in the U.S. The products include a 700ML sports cap bottle, a 1-liter, and a 1-gallon option, all promoting healthy hydration. CEO Frank Lazaran expressed enthusiasm for their brand's alignment with health-conscious consumers and indicated plans for further expansion in more Gold’s Gyms.

The Alkaline Water Company (NASDAQ: WTER) has commenced in-store sales of its Alkaline88® Sport drink at over 250 Harris Teeter locations across seven South Atlantic states and Washington, D.C.

This follows a successful e-commerce launch earlier this year. The drink features all-natural ingredients, zero calories, preservatives, or sugar, and is available in four flavors. The company aims to establish Alkaline88® Sport as a significant player in the sports drink market.