Alkaline Water Company Inc (OTCMKTS:WTER) has been on the move after the Company announced they are developing 4 new products including Hemp-derived CBD infused Alkaline88® water. The CBD market is huge; Greenwave Advisors Matt Karnes believes that the worldwide CBD market will reach nearly $3 billion by 2021.
The entire Cannabis sector got a boost recently after a Bloomberg article claimed Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. Cannabis stocks have been booming in recent months as we near legal recreational cannabis in Canada on October 17.
The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) 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.
This announcement comes on the heels of a sector wide push in the Cannabis space after a Bloomberg article claimed “Coca-Cola says it’s monitoring the nascent industry and is interested in drinks infused with CBD — the non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis to develop the beverages, according to a report from BNN Bloomberg Television.
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Currently trading at a $82 million market valuation WTER has $7.6 million in current assets, manageable debt and huge sales growth reporting $7,880,865 in sales for the first 3 months ended June 30, 2018 up from $5,180,194 for the same period last year. WTER is one exciting story in small caps; 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.