Alkaline Water Company Inc (NASDAQ: WTER) is making an explosive move up since reversing off $2.45 lows. WTER commenced traded on the NASDAQ stock market on December 10. The Alkaline Water Company retains its listing on the TSX Venture Exchange (TSXV), also under the ticker symbol “WTER.”
WTER CEO Richard A. Wright said “Today marks a significant milestone for The Alkaline Water Company as we execute on our disciplined growth strategy and continue to accelerate our momentum. As one of the fastest-growing, most innovative bottled water companies in the United States, we are confident that the strength of our brand, our unique value proposition for both retailers and consumers, and our great taste and clean label will enable us to continue to attract large retail partners and delight our customers. As we recently announced, our second fiscal quarter was yet another quarter of record sales and accelerating growth, and we expect continued growth into the second half of our fiscal year with upcoming product and partnership announcements.”
The Alkaline Water Company Inc. Headquartered in Scottsdale Arizona, the Alkaline88® team consists of a group of dedicated beverage professionals, scientists and water engineers who have been studying the benefits of Alkaline Water for the past 14 years.
The Company’s flagship product is ALKALINE88® a premier 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. 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. According to WTER they incorporated 84 beneficial trace Himalayan minerals to make Alkaline88. The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States. ALKALINE88® has been wildly successful and is now available in 39 of The Super 50 U.S. Grocers, as published by Progressive Grocer and is mow sold to over 40,000 retail locations in all 50 states.
The big story on WTER is the incredible growth in revenues! Last week the Company said record sales were achieved in July and August 2018 exceeding $6 million for the two-month period.
Richard A. Wright, President and CEO of WTER said “Our second quarter is off to a record start, with sales up over 100% for the two months ended August 31, 2018 as compared to the two months ended August 31, 2017. We have now recorded two consecutive months with sales exceeding $3 million in both July and August 2018. Our cost of goods sold in each of July and August 2018 was $1.8 million in each month, as compared to the cost of goods sold in each of July and August 2017 of $0.7 million and $1.0 million, respectively. This record growth has been led by our newly added national retail accounts, made up of over 6,500 stores nationwide at Walmart, Shopko, and Kroger.”
The Company has also expanded ALKALINE88® into non-grocery channels such as drug stores, convenience stores, and into select international markets should allow the Company to further accelerate growth.
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On September 19 WTER announced the formation of A88 Infused Beverage Division, Inc., a wholly owned Nevada corporation which will focus on brand extension and product innovations in the healthful water category focused on 4 new products including Hemp-derived CBD infused Alkaline88® water, Naturally Flavored Alkaline88® water, Natural Sparkling Alkaline88® water and Alkaline88® infused with Natural Vitamins and Minerals.
WTER hemp-derived CBD infused Alkaline88® water, which will be bottled in the 500 ml size with dosage of 10 mg of hemp-derived CBD per bottle, fits squarely within the growing CBD market trend. Throughout 2018 we have been investigating and analyzing beneficial partnerships in the Hemp based CBD market and have made great progress. The Hemp Business Journal projects that the worldwide CBD market will grow from $202 million last year to $2.1 billion by 2020, and Greenwave Advisors Matt Karnes believes that the worldwide CBD market will reach nearly $3 billion by 2021. Consumer interest in CBD has risen to all-time highs as researchers explore the potential medical benefit of cannabidiol.
On November 14 WTER announced strong operating results for the second fiscal quarter ending September 30, 2018, marked by continued momentum and record quarterly sales. WTER Recorded sales of over $8.6 million for second fiscal quarter 2019, up over 78% compared to second fiscal quarter 2018
CEO Richard A. Wright stated “We had another tremendous quarter of accelerated growth and record sales, which continue to exceed expectations. 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.”
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Currently trading at a $106 million market valuation WTER has $4.4 million in current assets, manageable debt and huge sales growth reporting $8.6 million for second fiscal quarter 2019, up over 78% compared to second fiscal quarter 2018. WTER is one exciting story; the Company’s flagship product ALKALINE88® has been wildly successful and is now available in 39 of The Super 50 U.S. Grocers, as published by Progressive Grocer and is mow sold to over 40,000 retail locations in all 50 states. The Company’s recent entry into the booming CBD market with Hemp-derived CBD infused Alkaline88® water has clearly been very well received by investors. We will be updating on WTER when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WTER.
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Disclosure: we hold no position in WTER either long or short and we have not been compensated for this article.