Hiru Corp Stock Price, News & Analysis

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.

Hiru Corp. (HIRU) announced a cancellation of 288,012,618 shares of restricted Common Stock, reducing the total outstanding shares to 1,460,169,677. This cancellation represents a 16.47% reduction in shares, minimizing dilution for current shareholders. The Company has also lowered its authorized Common Stock from 4,995,000,000 to 1,750,000,000, aimed at improving its capital structure. The shares affected were held by a non-affiliate long enough to remove the legend, thus complying with regulatory exemptions.

Hiru Corporation (OTC: HIRU) reported over $250,000 in revenues for Q3 2021, consistent with previous forecasts. The company anticipates exceeding $1,000,000 in Q4 revenues, fueled by a fully operational new facility. For the fiscal year 2022, projected revenues range between $5,000,000 and $10,000,000. This growth may necessitate multiple new facilities to accommodate increasing customer demand. CEO Kathryn Gavin highlighted that increasing production capabilities correlates with rising orders, indicating positive growth momentum.

Hiru Corp. (HIRU) announced full production on its newly completed automated bottling line in Phoenix, AZ, which is part of a strategic shift to enhance operational capacity and meet future demand. The new facility spans 12,500 square feet and contributes to a total production space of 109,000 square feet. Additionally, a second automated bottling line is in development, slated for completion by Thanksgiving. This expansion is aimed at accommodating larger purchase orders from Alkaline88 and ensuring timely fulfillment to bolster client relationships.

Hiru Corporation (OTC PINK: HIRU) has completed its new automated packaging and bottling facility through its subsidiary, AZ Custom Bottled Water. This facility will serve a three-year co-packing agreement with The Alkaline Water Company to produce Alkaline88 products. The company anticipates significant growth in production capacity and revenue, expecting record revenues in FYE 2021 and beyond, driven by the efficiency of the new equipment. The facility enhances storage capabilities for large orders, providing a competitive edge in pricing.

Hiru Corp. (OTC PINK: HIRU) has regained its 'Pink Sheet Current' status with OTC Markets as of September 1, 2021, following the filing of an amended 2nd Quarter Disclosure Statement. The company aims to maintain accuracy in future filings. Hiru plans to announce the completion of its new facility and new clients, which are expected to drive revenue. Upcoming financial statements are due by November 14, 2021, and March 31, 2022. The company emphasizes maximizing shareholder value amidst ongoing developments in the business.