Alkame Holdings Stock Price, News & Analysis

Alkame Holdings, Inc. (OTC PINK: ALKM) is a publicly traded diversified holding company deeply involved in multiple business sectors. The company specializes in proprietary water technology, food and beverage manufacturing, co-packing, and CBD/Hemp food and beverage manufacturing. Its wholly owned subsidiaries include West Coast Co Packer Inc. and Bell Food and Beverage, Inc., which integrate seamlessly to provide high-quality liquid and single-serve products.

In 2022, Alkame Holdings Inc. reported impressive financial growth with revenues reaching $780,000, a 19% increase from the previous year. The company realized a net profit of $820,000, significantly aided by a one-time gain of $1,430,000 from the extinguishment of debt and derivative liabilities. The revenues were primarily driven by co-packing fees amounting to $658,000 and an additional $122,000 from their Maury Island and Quinn's brands.

Alkame has shown remarkable financial flexibility by wiping out $300,000 in line of credit through a sale and leaseback of equipment at their Salem facility. This strategic move provided Alkame with the capital it needed to further expand its operations. For 2023, the company projects co-packing revenues to surpass $900,000 and revenues from Maury Island and Quinn's brands to exceed $350,000.

Recently, Alkame's subsidiary, West Coast Co Packer Inc., announced its 7th consecutive year of farm-to-jar blueberry packing for export to Japan. This project is in collaboration with Pacific Flavors, Intl., and underscores Alkame's commitment to maintaining high standards and meeting international demands.

The company is actively building a robust foundation through the acquisition and launch of business assets in emerging sectors like consumer bottled water, RTD products, and household pet products. Alkame Holdings continues to utilize its enhanced water technology across various platforms, aiming to provide innovative solutions to both new and existing markets.

For more information, visit www.alkameholdingsinc.com.