Alkame Signs Product Development and Production Agreement with Hooch Brands Ltd.

Rhea-AI Summary

Alkame Holdings, Inc. (ALKM) announced that its subsidiary, West Coast Co-Packer, has signed a Product Development and Production Agreement with Hooch Brands, Ltd., DBA Hemp Hooch. This agreement focuses on creating a line of hemp-derived CBD beverages aimed at addressing various consumer needs through adaptogens and vitamins. The initial product range will consist of four SKUs, each containing 35mg of broad-spectrum hemp extract, targeting areas such as hangover recovery and immune support. Launch is expected by Q1 2021.

Positive

• New Product Development Agreement with Hooch Brands, enhancing product portfolio in growing CBD beverage market.
• Initial product line includes four SKUs specifically targeting consumer needs like detoxification and hydration.

Negative

• The success of the product launch is contingent on consumer acceptance and market competition.
• Forward-looking statements present risks, including potential failure to achieve sales expectations.

LAS VEGAS, NV / ACCESSWIRE / December 1, 2020 / Alkame holdings, Inc. (OTC PINK:ALKM) a publicly traded holding company is pleased to announce its wholly-owned subsidiary West Coast Co-Packer, Inc. has signed a Product Development and Production Agreement with Hooch Brands, Ltd, DBA Hemp Hooch.

The agreement calls for West Coast Co-Packer to assist Hooch Brands in developing a line of hyper-functional, all-natural, hemp-derived CBD beverages. Hooch Brands, through their brand Hemp Hooch, has a goal of creating purposeful CBD beverages that incorporate CBD, adaptogens and vitamins to meet specific moments of consumer need.

The initial product line will consist of four SKU's with each beverage bottled in a 16oz Boston Round and 35mg of broad-spectrum hemp extract. The first four purposeful beverages are curated with adaptogens and vitamins to address hangovers and detoxification, immune support, stress, and hydration. Hooch Brands is expecting to launch the Hemp Hooch brand online and in-store by Q1 2021.

"We look forward to working with Hooch Brands and developing these high-quality natural products. Today's consumers are busier than ever, and we think bringing beverages that can aid in much needed relaxation, rebalancing, and recovery is a great sector to be in" says Alkame CEO, Robert Eakle.

About West Coast Co Packer, Inc.
West Coast Co Packer, Inc., is a wholly owned subsidiary of Alkame Holdings, Inc. and is a specialty liquid and single-serve manufacturer, co-packer, private labeler, and contract manufacturer.

About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a publicly traded health and wellness technology holding company with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly owned subsidiaries manufacture products with enhanced water utilizing proprietary technology to create products with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, and by pursuing multiple applications and placement into several emerging business sectors including but not limited to the following: consumer bottled water, RTD products, liquid hemp-based products, household pet products, horticulture, agriculture, and medical applications, including hand sanitizers, and many other various water-based treatment solutions to both new and existing business platforms.

For more information, visit www.alkameholdingsinc.com.

CONTACT:
Alkame Holdings, Inc. Investor Relations
Website: www.alkameholdingsinc.com
Email: info@alkameholdingsinc.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

SOURCE: Alkame Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/618892/Alkame-Signs-Product-Development-and-Production-Agreement-with-Hooch-Brands-Ltd

FAQ

What is the new agreement between Alkame Holdings and Hooch Brands about?

Alkame Holdings' subsidiary signed an agreement to develop a line of hemp-derived CBD beverages.

When is the expected launch date for the Hemp Hooch products?

The products are expected to launch by Q1 2021.

What products will be included in the initial launch by Hooch Brands?

The initial launch will include four SKUs focused on specific consumer needs like hydration and immune support.

What are the key features of the new CBD beverages?

Each beverage will contain 35mg of broad-spectrum hemp extract along with adaptogens and vitamins.

What are the potential risks associated with the new product launch?

The launch faces risks such as market competition and the company's ability to meet sales expectations.