Alkaline Water Company Inc (OTCMKTS:WTER) got a recent boost after the Company reported record quarterly sales of $8.6 million for Q2 2018 up over 78% compared to second fiscal quarter 2018.
This is an exciting time for Alkaline Water as the Company launches its A88 Infused Beverage Division Inc. (A88 Infused), with an initial product offering of Hemp-Derived CBD Infused Alkaline88® Water, Sparkling CBD Alkaline88® water and Vitamin-infused CBD Alkaline88® water (including Vitamin B12 and Chlorophyll)
“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.”
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. 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.
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 47,000 retail locations in all 50 states.
“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 Company’s recent application to up-list to the NASDAQ has been well received by Investors.
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Disclosure: we hold no position in WTER either long or short and we have not been compensated for this article.