Welcome to our dedicated page for Hiru news (Ticker: HIRU), a resource for investors and traders seeking the latest updates and insights on Hiru stock.
Ameerex Corporation (OTC: HIRU) reports natural-resource development and strategic investment activity across critical minerals, precious metals and energy assets. Company updates commonly address acquisition agreements, memoranda of understanding, accepted bids and partnership structures tied to mining projects, lithium brine resources, rare earth mineralization and producing oil and gas opportunities.
HIRU news also describes project-level resource reports and technical frameworks, including NI 43-101 and JORC references, as well as the company's owned Balfour Nickel-Copper-Cobalt Project in Western Australia. Recurring themes include portfolio expansion in North America, Australia and South America, financing structures and asset selection based on clean title, production potential and resource-development scope.
Hiru Corporation (OTC Markets: HIRU) has successfully begun production and shipping from its new Roseville, California manufacturing facility as of October 24, 2022. The facility will supply major clients, including Walmart, Kroger's, and Albertson's. The company is also enhancing production capabilities with upgrades to additional bottling lines aimed at fulfilling orders for CVS and Walgreens. Hiru anticipates a significant increase in revenue from these retail partnerships, underlining its commitment to meeting operational targets and expanding its manufacturing reach.
Hiru Corporation (OTC Markets: HIRU) has acquired a water bottling plant in Roseville, California, valued at approximately $7M. This facility spans 133,000 square feet and contains four automated bottling lines, with two already operational. All lines are expected to be fully operational by December 31, 2022. The acquisition aims to enhance production capabilities for Hiru's major clients, including Alkaline 88, potentially increasing revenue beyond the projected $30M for 2023. The CEO emphasized the strategic importance of this purchase for future growth.
Hiru Corporation (OTC Markets: HIRU) has acquired three automated water bottling lines to enhance its manufacturing capacity. This acquisition, which will save the company over $200,000 in cash, is expected to be completed within 120-150 days. The company is also finalizing its SQF certification, allowing it to service significant product invoices from a major retailer. Hiru aims to expand its operations to both the East and West Coasts, further increasing production capabilities and client base. The company has experienced consistent growth in top-line revenue since its restructuring.
Hiru Corporation (OTC Markets: HIRU) announced a finalized agreement to purchase an automated water bottling line from Sports Quest, Inc. in exchange for common stock. This bottling line can produce up to 57,600 gallons daily, enabling Hiru to meet and potentially exceed the volume requirements of its largest grocery chain client. CEO Kathryn Gavin expressed optimism about surpassing revenue goals for 2022 and 2023 after the purchase. This acquisition will solidify the operational capabilities of Hiru's manufacturing facility in Arizona.
Hiru Corporation (OTC Markets: HIRU) announced its application for SQF Certification to facilitate co-packing for Walmart and other major retailers. This certification verifies adherence to strict food safety standards and is a crucial step toward securing product orders. CEO Kathryn Gavin stated that receiving this certification would significantly boost top-line revenue from water products. The company is also set to file its 2nd Quarter financial disclosure by June 30, 2022, indicating a focus on transparent operations.
Hiru Corporation (OTC: HIRU) has established a long-term co-packing agreement with American Eagle Beverage, a prominent white label water distributor. This partnership is expected to generate between $1.5 million to $2.5 million in annual revenue, leveraging Hiru's expanded production capabilities. American Eagle's 'Liquid Business Card' program allows clients to brand water bottles for marketing. Hiru remains current in its reporting obligations as a publicly traded entity.
Hiru Corporation (OTC Markets: HIRU) has leased a new 51,000 sq. ft. facility in Glendale, Arizona, to enhance its water bottling operations. The facility will support five automated bottling lines, with initial capacity of 36,000 gallon bottles per day. Ms. Kathryn Gavin, President and CEO, anticipates a double-digit growth in demand for their co-packed water products, projecting significant revenue increases over the next two years. The first production line is expected to be operational by June 20, 2022.
The Alkaline Water Company (NASDAQ: WTER) has announced a new co-packing partnership with AZ Custom Bottled Water to enhance its production capabilities. This partnership aims to support the growing demand for the Alkaline88® FreshCap™ functional beverage line and other water products. AZ Custom Water, which began manufacturing for the company in 2021, is expected to play a key role in production on the West Coast, bolstering supply chain efficiency while meeting market demand.
Hiru Corporation (OTC: HIRU) reported $976,544 in 4th quarter revenues, slightly below its forecast of $1,000,000, but nearly quadrupling the 3rd quarter results. The company anticipates revenues of $1,500,000 for Q1 2022 and $3,000,000 for Q2 2022, attributed to new bottling lines coming online. Additionally, Hiru plans to cancel 288,012,618 shares, reducing outstanding shares by 16.47%. CEO Kathryn Gavin expressed optimism about continued growth and meeting contractual obligations.
Hiru Corporation (OTC Markets: HIRU) has transitioned to Empire Stock Transfer, Inc., enhancing its registrar and transfer agent services. CEO Kathryn Gavin expressed optimism about the change, aiming for a successful year in 2022. The company is pursuing DWAC eligibility to facilitate quick securities transfers. Hiru anticipates nearly $1 million in revenues for the fiscal year ending December 31, 2021, and projects revenues between $15 million and $20 million for calendar year 2022 due to increasing sales and new contracts.