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 reports developments around its premium alkaline water business and flagship Alkaline88® brand. News commonly covers production readiness, sales coverage, and distribution activity for alkaline water products, including regional market relaunches such as Southern California.
Company updates also address capital-structure actions, Regulation A financing activity, debt cancellations, reverse stock split implementation, board appointments, and governance initiatives tied to the OTC-traded WTER common stock.
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.
The Alkaline Water Company (NASDAQ: WTER) announced the launch of its new 2-liter six-pack packaging for its flagship product, Alkaline88®, now available in 500 HomeGoods stores nationwide. This packaging targets high volume shoppers, particularly in the club market, fulfilling a gap in the bottled water category. CEO Ricky Wright emphasized its appeal to health-conscious consumers and suitability for bulk purchases. Alkaline88® is recognized for its 8.8 pH balance, promoting hydration and wellness.
The Alkaline Water Company (WTER) has appointed Frank Lazaran, a seasoned retail veteran, to its board of directors effective October 8, 2020, while Bruce Leitch steps down to focus on other business ventures. Lazaran, who has over 40 years of industry experience, will contribute to the audit and compensation committees. His appointment is seen as pivotal for scaling the company’s lifestyle brands amidst rising demand. The company aims to achieve cash flow profitability by fiscal 2021, driven by new product initiatives and strategic insights from Lazaran.
The Alkaline Water Company (NASDAQ: WTER) has announced that its A88 Infused flavored waters are now available through major retailers and wholesalers, including UNFI and KeHE, reaching nearly 40,000 stores. The demand for single-serve products is at an all-time high, with current placements in approximately 13,200 stores. The A88CBD Lemon-Lime flavored water has generated strong initial interest. The company aims to accelerate its market presence and capitalize on growing consumer demand for flavor-infused and CBD products.
The Alkaline Water Company (NASDAQ: WTER) announced an exclusive audio interview with CEO Ricky Wright, discussing the company's evolution and strategies amidst the COVID-19 pandemic. The firm now positions itself as the second-largest alkaline water company, reporting $41 million in corporate revenue last year, translating to approximately $70 million at retail. Wright highlighted the company's adaptability, noting a doubling of production capacity due to local supply chains. With a compound annual growth rate of 62%, the company anticipates a return to 'hypergrowth' as it expands into CBD products.
The Alkaline Water Company (NASDAQ: WTER) is set to launch its new A88CBD™ product line in October 2020, featuring vegan gummies, Lemon-Lime CBD water, bath bombs, and deep-relief cream. CEO Ricky Wright emphasized that these all-natural, zero-calorie offerings cater to consumers seeking healthier alternatives. With agreements from over 100 retailers and a strong sales pipeline, the company anticipates these products will significantly contribute to its revenue in the latter half of the fiscal year. The CBD gummy market is projected to reach $6.94 billion by 2025, highlighting growth potential in this sector.
The Alkaline Water Company (NASDAQ: WTER) has been featured in an editorial by NetworkNewsWire, highlighting its rapid growth in the enhanced water sector.
WTER has achieved a remarkable 62% compound annual sales growth over the past five years, reporting record annual revenues of $41.1 million as consumers shift from sugary beverages to healthier options. The company’s flagship product, Alkaline88, is recognized for its premium quality, and it has expanded its offerings to include CBD-infused and flavor-infused waters.