Welcome to our dedicated page for The Alkaline Water news (Ticker: WTER), a resource for investors and traders seeking the latest updates and insights on The Alkaline Water stock.
The Alkaline Water Company, Inc. (OTC: WTER) is a premium beverage company in the soft drink manufacturing sector, focused on high-quality alkaline water products under its Alkaline88® brand. This news feed aggregates company-issued updates and regulatory disclosures that highlight how WTER is managing its operations, capital structure, and market positioning.
Recent news has emphasized capital structure reset and balance sheet actions, including the cancellation of multiple convertible notes and the cancellation of a large block of common stock previously issued in connection with an asset purchase. The company has also reported a 1-for-10 reverse stock split, framed as a step to address legacy capital structure issues and support a qualified Tier 1 Regulation A offering.
Investors following WTER news will see coverage of its Regulation A offering qualification by the SEC, planned use of proceeds for working capital and corporate purposes, and its stated goal of resuming, stabilizing, and expanding operations as described in the offering circular. Additional updates include the completion of a PCAOB-audited financial statement for a fiscal year and the filing of an application for uplisting to the OTCQB market tier, along with detailed cautionary language about the uncertainties of that process.
News items also cover governance and strategic initiatives, such as the appointment of a new board member with experience in governance-led transformation and the company’s strategic advisory agreement with The Bitcoin Group to evaluate a potential digital asset treasury strategy. Readers can use this page to monitor developments across governance, financing, debt reduction, share structure changes, and other material corporate actions disclosed by The Alkaline Water Company.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced its editorial placement in an article by NetworkNewsWire, highlighting the booming CBD market. Following legalization across multiple states, the CBD market could reach a $1 trillion global impact by 2027. In response, Alkaline Water launched its A88CBD brand, expanding its product line to include CBD-infused drinks and topical products. This strategic move comes after the company reported record sales earlier this year, indicating potential for further growth in the lucrative CBD space.
The Alkaline Water Company (NASDAQ: WTER) has announced that President and CEO Richard Wright will participate in two virtual investor conferences in December 2020. He will engage in one-on-one meetings with institutional investors on December 10-11 during the Roth Virtual Deer Valley Consumer Event. Additionally, he will present at the LD Micro 13th Annual Main Event on December 14, 2020, at 11:20 a.m. Eastern Time, with more one-on-one meetings scheduled for December 14-15. Webcasts will be available, with an updated presentation accessible at the Company's Investor Relations page.
The Alkaline Water Company (NASDAQ: WTER) has announced an expanded partnership with KeHE, including A88CBD topical products, A88 Infused flavors, and the complete Alkaline88 line with eco-friendly aluminum bottles. CEO Ricky Wright highlighted KeHE as a vital partner, contributing to a 60% CAGR and $25 million in retail sales over three years. The company anticipates strong growth for its CBD products due to rising consumer demand. Alkaline88 has established itself as a lifestyle brand, offering innovative alkaline water and flavor-infused beverages.
The Alkaline Water Company (NASDAQ: WTER) has partnered with IBA Foodservice to enhance its presence in the hospitality and foodservice sectors. This collaboration aims to leverage IBA's extensive network of 30 independent agencies to penetrate regional accounts effectively, complementing existing national access through DOT Foods. The Company anticipates strong sales in the on-premise market, valued at over $14 billion, with a focus on its A88 Infused beverage line and eco-friendly products. This initiative capitalizes on increasing consumer demand for premium alkaline and infused waters.
The Alkaline Water Company (NASDAQ: WTER) reported fiscal Q2 2021 revenue of $10.8 million, a 3% year-over-year increase, bringing first-half revenue to $25 million, up 21%. EPS improved to ($0.06), a 14.3% year-over-year enhancement. The company projects full-year revenue between $48 million and $52 million, indicating growth of 17% to 27%. During this period, A88CBD launched five new products, and the company expanded its retail footprint, adding over 1,000 locations. The company’s gross margin declined to 41.2% due to higher raw material costs.
The Alkaline Water Company (NASDAQ: WTER) announced a teleconference scheduled for November 16, 2020, at 5:00 PM ET, hosted by President and CEO Richard Wright and CFO David Guarino. This call will review the fiscal second-quarter 2021 financial results. A press release detailing the financial outcomes and outlook will be published post-market close on the same day and available on their website. Founded in 2012, the Company produces Alkaline88®, a premium alkaline water brand, along with flavored and CBD-infused products.
The Alkaline Water Company (NASDAQ: WTER) announced the launch of new A88CBD™ powder packs, set to be available by the end of November. These flavored powder packs are designed for on-the-go consumers and contain 25mg of high-quality, lab-tested CBD per packet. The company has received positive feedback and secured commitments from over 500 retail locations. The global CBD nutraceuticals market is projected to reach USD 17.4 billion by 2026, with a CAGR of 18.8%. With this expansion, the company aims to strengthen its position in the convenience store channel.
The Alkaline Water Company (NASDAQ: WTER) announced that its flagship product, Alkaline88®, was the top-selling item by cases at the KeHE Virtual Winter Show, held from October 5 to 12, 2020. This follows a successful showing at an earlier KeHE event. The company noted strong interest in Alkaline88 and its A88 Infused flavored waters, resulting in new orders from major retail chains for seasonal store resets. CEO Ricky Wright emphasized the importance of partnerships with retailers, anticipating continued growth as they aim to become a trusted household brand.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced a partnership with BettermentRS to enhance its CBD product sales, particularly in convenience stores. This collaboration aims to leverage BettermentRS's expertise to tap into a booming CBD market, which saw c-store sales of hemp-derived CBD products reach approximately $122 million in 2019, growing significantly year-over-year. The Alkaline Water Company continues to expand its product line, introducing new CBD-infused beverages and topical items, positioning itself to meet increasing consumer demand in the health and wellness sector.
The Alkaline Water Company (NASDAQ: WTER) has partnered with Kampgrounds of America (KOA) and Yogi Bear’s Jellystone Park Camp-Resorts to provide its products at over 600 campground locations. This move capitalizes on the surge in camping popularity, with KOA reporting a 400% increase in bookings. The company’s single-serve alkaline and flavor-infused waters, along with CBD products, will be available at these venues, marking significant growth potential in the hospitality sector. These partnerships aim to enhance brand visibility and equity in a growing market.
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