Hiru Corp. (OTCMKTS: HIRU) reported today that the Company has met the promised deadline for production and shipping to clients from its newly acquired Roseville, California manufacturing facility. From Roseville, the Company will start shipping product produced out of Roseville to Walmart, Kroger’s, and Albertson’s per orders received from these retail outlets. Additionally, the Company has started work on repair and upgrade lines 3 and 4 in Roseville to produce one-gallon, snap cap water bottles. When ready, the production from these two automated water bottling and labeling lines will be solely utilized for our other major clients such as CVS and Walgreens to name a few.
HIRU has seen rapid growth over the past year and much of it has been financed by issuing shares which has resulted in some dilution here. Investors in the Company are looking for a turnaround after the stock lost 30% on Monday, a day when the Company released positive news. The Company is also in the process of raising the authorized shares by 700 million to meet its planned expansion needs as the AS was maxed out and the Company could not issue any more shares for growth.
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Hiru Corp. (OTCMKTS: HIRU) operating out of Phoenix, Arizona is a public quoted pink Sheet issuer under the ticker symbol “HIRU”. HIRU reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings. HIRU operates its flagship property is the Water & Ice Shop offering consumers across Arizona with bagged ice and bottled water. In Phoenix, Arizona the Company has cutting-edge commercial water bottling and labeling facility.
Hiru has a daily production capacity of about 100 tons of tubed ice and a well-maintained fleet of over 10 refrigerated trucks and trailers. The Company provides weekly route service to its reselling partners and works carefully to manage all of your unique events and occasions, seven days a week. Water & Ice Shop is happy to rent its Freezer Boxes and Trailers for all of your special events, and we offer white glove service for all of your Bagged Ice and Bottled Water needs. All of Water & Ice Shop retail clients receive dedicated weekly servicing at a minimum, ensuring that they are never out of merchandise. Water & Ice Shop ensures that several deliveries are made as needed, taking into account seasonality and client demands. A well-trained crew of drivers and assistance manage a huge fleet of refrigerated trucks and trailers.
Earlier this year HIRU announced significant new production capacity through new co-packing partner, AZ Custom Bottled Water, LLC. AZ Custom Water completed a new packaging and bottling line in 2021 and is further expanding capacity and capabilities in 2022. The Company’s strategic network of copackers has allowed it to produce and deliver when many of its competitors could not. Now, with the addition of AZ Custom Water and their production capabilities, the Company is further strengthening its position in the Southwest. This year, AZ Custom Water will be an important producer of the Company’s entire portfolio of water products, including being its west coast supplier for the Company’s growing line of Alkaline88® FreshCap™ functional beverages. As we grow, we are finding the need for multiple bottlers in strategic markets.
The Company also leased its fourth facility to bottle water. The New Facility is 51,000 square feet and is located in Glendale, Arizona. It will be able to house up to 5 new automated water bottling lines and have enough room to have a finished good storage contained therein. Additionally, there are 7 commercial delivery truck loading bays to make ease of delivery to the Company’s clients a priority. Hiru is currently building out the initial Bottling Line in the New Facility to meet its expected future demand for co-packed water products. The Company is also moving two of its automated lines to this New Facility as well. The ultimate annual capacity of each Bottling Line in the New Facility is 36,000 gallon bottles a day or 1,080,000 gallon bottles a month. Three of the new Bottling Lines in the New Facility are to be reserved for our co-packing contract with the previously announced relationship with a national bottled water retailer. This New Facility will also produce gallon, liter, and half liter water bottles for several new purchase orders from new clients the Company is expected to provide during the third and fourth quarter of 2022.
The Company is now reaching its full operational potential which has proven that our decision to dramatically increase its automated water bottling line capabilities last summer was the correct course of action. The Company expects to produce in excess of $4,000,000 USD for the 3rd quarter ended June 30, 2022, and between $6,000,000 USD to $8,000,000 USD for the 4th quarter ended December 31, 2022. That will result in an annual revenue of between $14,000,000 USD to $16,000,000 USD for calendar year ended December 31, 2022.
Added $HIRU .0032
Solid company that recently acquired a new manufacturing facility. Meeting production deadlines with anticipation on shipping products to Walmart, Krogers, and Albertson’s. Go ahead and sell the news. I will buy it https://t.co/rfbgetk5KA pic.twitter.com/hVMkkCNAEI
— Eager_Beaver (@linzy_long_hold) October 24, 2022
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Earlier this year the Company reached final terms with Sports Quest, Inc. to purchase its automated water bottling line. The Company purchased the gallon size water bottling line from Sports Quest, Inc. in exchange for a block of Common Stock. The bottling line is a flat cap, gallon bottling line which will assist in meeting the volume requirements of our largest grocery chain the Company has been servicing and potentially land even larger invoices for this same size water bottle. In full daily production, this new bottling line has the capacity to produce up to 57,600 gallons per day.
HIRU also acquired 3 additional fully automated water bottling lines from a manufacturing plant that is closing in the State of California. The opportunity to purchase these lines came less than a month ago. The Company was able to visit with the seller in California, negotiate the purchase directly, and then come to terms very quickly. The Company expects to have these three automated bottling lines dismantled and packaged for travel, transported to our facility, installed professionally, and then approved by the appropriate government agencies in the next 120-150 days.
Last week HIRU purchased a full scale, water bottling company out of Roseville, California pursuant to an agreement for both cash and equity. The value of the New Bottling Plant is approximately $7M USD. The New Bottling Plant has the following material benefits to the Company:
- 133,000 Square Foot of Floor Space
- Four Automated Bottling Lines (Two of Which are Fully Operational)
- All Four Bottling Lines will be in full production by December 31, 2022
- Can produce all sizes of water bottles which will allow the Company to fulfill the invoices more effectively from Alkaline 88 and our other major clients
- Capacity should allow us to expand and generate more top line revenue with both our current and future clients
On October 24 HIRU announced it has met the promised deadline for production and shipping to our clients from its newly acquired Roseville, California manufacturing facility. The Company will begin full manufacturing, packaging, and shipping from its Roseville, California manufacturing facility as promised today, October 24, 2022. From Roseville, the Company will start shipping product produced out of Roseville to Walmart, Kroger’s, and Albertson’s per orders received from these retail outlets. Additionally, the Company has started work on repair and upgrade lines 3 and 4 in Roseville to produce one-gallon, snap cap water bottles. When ready, the production from these two automated water bottling and labeling lines will be solely utilized for our other major clients such as CVS and Walgreens to name a few.
Ms. Kathryn Gavin (President and CEO of the Company), states…”We worked hard in closing the acquisition of the automated water bottle manufacturing plant in Roseville as we had existing orders in place that needed to be covered. We accomplished the acquisition and met our planned roll out date for shipping. The Company had previously announced that we would be in full manufacturing in Roseville and would be able to hit our mark to start shipping from this location today, October 24, 2022. We have worked very hard since we took over this Company about 18 months ago and have hit ever mark promised both administratively with OTC Markets Group, quarterly and annual revenues predictions to the public, and any date associated with manufacturing and shipping from our now multiple automated bottled water manufacturing facilities in two states (e.g., Arizona and California). This has allowed us to land larger and larger orders for products with our then current clients while at the same time landing large retail clients that have been previously announced. If the Company continues to do business as usual and continue to meet our promises to both our investors and our clients (both current and future), we expect the continue to expand our manufacturing footprint as we meet the future demand for our product and thus will continue to grow our top line revenue moving forward well into the future and on into 2024.”
— @Hirucorp (@Hirucorpnew) October 24, 2022
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Currently trading at a $7 million market valuation HIRU has 1,748,182,295 shares outstanding and with authorized capped at 1,750,000,000 which the Company is raising by 700 million to fund future acquisitions. On July 21 HIRU announced 2nd quarter ended revenues of over $2,800,000 USD with a quarterly net profit of $1,359,005 USD. Unheard of numbers to be making money on the OTC. The Company is now reaching its full operational potential which has proven that its decision to dramatically increase its automated water bottling line capabilities last summer was the correct course of action. The Company expects to produce in excess of $4,000,000 USD for the 3rd quarter ended June 30, 2022, and between $6,000,000 USD to $8,000,000 USD for the 4th quarter ended December 31, 2022. That will result in an annual revenue of between $14,000,000 USD to $16,000,000 USD for calendar year ended December 31, 2022. We will be updating on HIRU when more details emerge so make sure you are subscribed to Microcapdaily.
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Disclosure: we hold no position in HIRU either long or short and we have not been compensated for this article.