- The Alkaline Water Company Achieved record quarterly sales of over $8.6M – a 78% increase YOY
- Launched CBD-Infused Beverage Division to capitalize on the potential $600 Million US market for Marijuana-infused beverages (Cannacord Genuity)
- Expanded National Distribution by over 7,500 stores, making it available in all 50 states 47,000 retail locations, including top national grocery retailers Walmart, Kroger, Safeway-Albertsons and CVS.
The Alkaline Water Company (TSX|OTC: WTER) (PROFILE) today announced some very strong results in their second fiscal quarter ending Sept 30, 2018 including a 78% year over year increase in sales of over $8.6M!
Those sales numbers are very impressive on their own, but when you look at what else they managed to set up operationally over the second quarter there’s even more reason to take a closer look at this growth story.
They announced their A88 Infused Beverage Division, including hemp based CBD-infused beverages and signed an exclusive licensing deal with American Nutritional Products to produce them.
That is in addition to adding 7,500 more retail outlets, bringing them to over 47,000 locations in all 50 states.
So they are already seeing record year over year sales with their current proprietary Alkaline Water products, while fully setting themselves up to capitalize on the marijuana-infused beverage market, which Cannacord Genuity estimates at a potential of $600 Million in the US alone in the next 4 years.
The difference here is that unlike other beverage companies that state their interest in this huge market, The Alkaline Water Company already has:
- A licensing and production deal in place with American Nutritional Products to produce and Develop CBD Water
- National Distribution to over 47,000 retail locations
- Record sales of their flagship Alkaline Water with great brand awareness
READ FULL RELEASE BELOW
The Alkaline Water Company Inc. Reports Record Quarterly Revenue for Second Fiscal Quarter 2019
The Company achieved record quarterly sales of over $8.6 million and continues accelerating growth
SCOTTSDALE, AZ – November 14, 2018 – The Alkaline Water Company Inc. (TSXV and OTCQB: WTER), with products bottled under the trademark Alkaline88®, today announced strong operating results for the second fiscal quarter ending September 30, 2018, marked by continued momentum and record quarterly sales.
“We had another tremendous quarter of accelerated growth and record sales, which continue to exceed expectations,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc. “Led by our sales channels with Walmart and CVS, we are confident that this momentum will continue into the second half of our fiscal year as we plan to add additional national retail customers and introduce our new line of infused and enhanced beverages to the market. This is a very exciting time for the Company as we execute our disciplined growth strategy and drive value for our shareholders.”
Second Quarter Highlights (Unaudited)
(All amounts are in U.S. dollars)
- Recorded sales of over $8.6 million for second fiscal quarter 2019, up over 78% compared to second fiscal quarter 2018
- Launched A88 Infused Beverage Division Inc. (A88 Infused), with an initial product offering of:
- Hemp-Derived CBD Infused Alkaline88® Water
- Sparkling CBD Alkaline88® water
- Vitamin-infused CBD Alkaline88® water (including Vitamin B12 and Chlorophyll)
- In addition to the CBD product line, A88 Infused will develop a robust product line of new and innovative beverages, including:
- Vitamin Based “Energy” Alkaline88® water
- Naturally flavored Alkaline88® water (including watermelon, blackberry lemon, blood orange and peach mango)
- Entered into co-packing agreement and exclusive licensing agreement with American Nutritional Products (“ANP”), which will provide A88 Infused manufacturing, formulations, R&D, biomass and extraction within ANP’s state-of-the-art certified GMP- and FDA-registered facility in Carson City, Nevada for cannabidiol (CBD) and other infused products.
- Expanded national distribution with the addition of over 7,500 locations of one of the largest drugstore/pharmaceutical chains in the U.S.
- Alkaline88® is now available in all 50 states at over 47,000 retail locations, including top national grocery retailers Walmart, Kroger, Safeway-Albertsons and CVS.
- Completed non-brokered private placement with aggregate gross proceeds of over CDN$4 million.
“The Alkaline Water Company Inc. is one of the fastest-growing, most innovative bottled water companies in the United States, and is building a loyal following both amongst consumers and retail partners,” said Aaron Keay, Chairman of The Alkaline Water Company Inc. “Our customers love us for our great taste and clean label, and retailers appreciate our scalability, economics, and bulk sizes. We are positioned with the right product at the right time in the right market, and we have achieved our current success relying only on word-of-mouth marketing. As we enter new markets in flavor- and CBD-infused alkaline water and other nutraceutical product lines, I am confident that we have the branding, operational expertise, and entrepreneurial vision to achieve the same growth trajectory we have seen in the alkaline water market.”
The Alkaline Water Company Inc. fully intends to comply with all federal, state, and local laws, rules and regulations as the Company develops its hemp-derived CBD infused alkaline water and other nutraceutical product lines. The Company will not pursue the production or sale of CBD infused products until legally permitted and all necessary approvals have been obtained.
The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) has developed an innovative, state-of-the-art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The Company is focused on the business of distributing and marketing for retail sale of its cost-effectively packaged Alkaline88® water beverage products. Visit: www.thealkalinewaterco.com.
About Alkaline Water Products
Alkaline88®is a premier 8.8 pH balanced bottled alkaline drinking water, enhanced with Himalayan Pink Rock Salt. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes. Alkaline88® is available in national retailers across the country, including Safeway/Albertsons, Walmart, Kroger, CVS, and other top regional and local supermarket chains. To find a retailer near you visit: http://thealkalinewaterco.com/about-us/locations/
SOURCE
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