Hiru Corp Stock Price, News & Analysis

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.

Hiru Corp (HIRU) anticipates achieving 'Pink Sheet Current' status with OTC Markets within five business days, following the submission of an amended 2nd Quarter Disclosure Statement on September 1, 2021. This filing was prompted by a minor date correction requested by OTC Markets. The company is currently classified as 'Pink Sheet Limited,' protecting it from potential delisting under new SEC rules effective September 28, 2021. Hiru Corp is also completing a new facility aimed at attracting a significant client expected to substantially boost annual revenues and earnings.

Hiru Corporation (OTC PINK:HIRU) announced revenue projections for Q3 and Q4 of FY 2021, estimating over $250,000 for Q3 and $1,000,000 for Q4. With a new operational facility launching in Q3, the company expects increased production and reduced costs per unit. For FY 2022, projected revenue ranges from $10 million to $20 million, anticipating growth from existing and new clients. The CEO expressed optimism for future orders and revenue sources, emphasizing a commitment to maximizing shareholder value.

Hiru Corporation (OTC PINK: HIRU) has amended its articles of incorporation to reduce its authorized common stock from 2 billion shares to 1.75 billion shares. President and CEO Kathryn Gavin emphasized that this move aims to enhance shareholder value and make the company more appealing for future acquisitions. The company commits to not increasing its authorized stock for at least three years, reinforcing its anti-dilution strategy. Currently, Hiru operates AZ Custom Bottled Water, focusing on the bottled water market.

Hiru Corporation (OTC PINK:HIRU) has recently achieved significant milestones, including gaining 'Pink Current' status and removing the 'Caveat Emptor' designation. The company completed its initial acquisitions of AZ Custom Bottled Water and Salome Water and Ice, and reduced its authorized common stock by nearly 3 billion shares. The ongoing expansion of production facilities is ahead of schedule, and the company plans to launch its product line on Amazon.com. Future contracts are being finalized, promising growth beyond Arizona.

Hiru Corporation (OTC PINK:HIRU) announced ongoing federal contracts through its subsidiary, AZ Custom Bottled Water, which has provided services to Homeland Security since 2018. In 2021, AZ Water secured four federal contracts worth $1,115,457 for U.S. Border Patrol. The company aims to enhance water output and is pursuing additional federal and state contracts to bolster revenue, including a new contract with Arizona State Parks for water and ice delivery.

Hiru Corporation (OTC PINK:HIRU) has successfully acquired Salome Water and Ice, a provider of ice manufacturing and water purification services in Arizona, as of July 14, 2021. The acquisition involved an exchange of 25,000,000 restricted shares for all outstanding equity of Salome. The latter reported revenue of over $600,000 in the last fiscal year and is the only ice facility within a 75-mile radius. Hiru aims to expand in the high-growth consumer bottled water and ice market in the Southwest.

The company has also reduced its authorized shares to two billion and committed to not conducting a reverse stock split for three years.