The Alkaline Water Company Launches A88CBD™ in all 142 CBD Plus Retail Locations
The Alkaline Water Company (NASDAQ: WTER) has announced the launch of its entire A88CBD™ product portfolio across 142 locations with CBD Plus, spanning multiple states including Texas and Florida. This partnership marks a strategic move to bolster the A88CBD brand alongside its flagship product, Alkaline88®. CEO Rickard Wright emphasizes strong consumer interest and plans to expand into traditional retail. The A88CBD™ line features various products, including capsules, oils, and CBD-infused water, with an eye on increased e-commerce growth.
- Partnership with CBD Plus expands A88CBD™ distribution to 142 locations across multiple states.
- Strong consumer interest in A88CBD™ products indicates potential for growth.
- Plans to accelerate growth into traditional retail markets during fiscal 2021.
- Dependency on CBD market growth and consumer acceptance poses risks.
- Forward-looking statements indicate uncertainties in production capacity and market conditions.
SCOTTSDALE, Ariz., Aug. 18, 2020 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. The Company announces today that the complete A88CBD™ topical and ingestible product portfolio will be launching in a multi-state CBD operator, CBD Plus in all 142 locations across Texas, Oklahoma, Florida, Tennessee, Kansas, Maryland, Georgia, and Arkansas. The A88CBD™ infused product portfolio will also be available on CBD Plus’ online store, cbdplususa.com.
“Launching in 142 locations across multiple states with one of the fastest-growing premium CBD retailers is a significant step to expanding our A88CBD brand,” stated Rickard Wright, President and CEO of The Alkaline Water Company. “We are starting to position the A88CBD brand as successfully as our flagship brand, Alkaline88. Interest in our growing lifestyle brands A88 and A88CBD remains very strong with a healthy pipeline of opportunities across multiple trades. Given the nascent nature of the industry, we are approaching all our partnerships with co-branding marketing opportunities, which is helping to establish our A88CBD brand in local markets.”
A88CBD™’s partnership with CBD Plus includes the entire A88CBD topical and ingestible portfolio, including hemp-based capsules and oil tinctures, lotions and muscle salves, gummies, and CBD water. A88CBD™ offers products for everybody, without compromise, including some vegan, non-GMO, cruelty-free, and gluten-free offerings. The Company’s established online presence with its e-commerce site, A88CBD.com, complements its brick-and-mortar strategy, and the Company sees accelerated growth into traditional retailers during the second half of its fiscal 2021.
“A88CBD™ is continuing to find new opportunities for growth within the CBD space,” The Alkaline Water Company President and CEO further added. “By partnering with reputable companies such as CBD Plus, we are positioning A88CBD™ in the hands of consumers and potential customers who value high-quality wellness products. CBD Plus is nationally known for carrying hemp-based products that meet the highest standards. We believe A88CBD™ will thrive and grow with this new deal.”
The Alkaline Water Company
Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label ‘Clean Beverage.’ Quickly being recognized as a growing lifestyle brand, Alkaline88® launched A88 Infused™ in 2019 to meet consumer demand for flavor-infused products. A88 Infused™ flavored water is available in six unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88 Infused Beverage Division Inc., which includes the Company’s CBD water and flavor-infused water. For the Company’s topical and ingestible offerings, A88 Infused Products Inc. includes both the Company’s lab-tested full-spectrum hemp salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules, and gummies.
To purchase A88CBD™ products online, visit us at www.A88CBD.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the following: that the Company is starting to position the A88CBD brand as successfully as its flagship brand, Alkaline88; that the Company sees accelerated growth into traditional retailers during the second half of its fiscal 2021; and that the Company believes A88CBD™ will thrive and grow with this new deal.
The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company’s CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
The Alkaline Water Company Inc.
Richard A. Wright
President and CEO, or
Sajid Daudi
Director of Investor Relations & Corporate Communications
800-923-1910
investors@thealkalinewaterco.com
Media
Jessica Starman
888-461-2233
jessica@elev8newmedia.com
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