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 (NASDAQ: WTER) announced a partnership with Dot Foods, the largest food redistribution company in the U.S., to distribute its product line, including Alkaline88® and A88 Infused™, to 4,300 customers nationwide starting September 21, 2020. This collaboration aims to penetrate the hospitality industry, providing access to over 600,000 restaurants and foodservice establishments, which may significantly boost the company’s growth this fiscal year.
The Alkaline Water Company (NASDAQ: WTER) has appointed Rosie Cousino as Director of Corporate Marketing, effective August 20, 2020. With over 20 years of industry experience, Cousino has worked with major brands like Clorox and Del Monte Foods and has a strong background in digital media and brand strategy. She will oversee national advertising and shopper marketing for the company’s alkaline and CBD-infused products. This strategic hire aims to enhance brand presence and drive sales growth in the rapidly expanding beverage market.
The Alkaline Water Company (NASDAQ: WTER) has announced the launch of its entire A88CBD™ product portfolio across 142 locations with CBD Plus, spanning multiple states including Texas and Florida. This partnership marks a strategic move to bolster the A88CBD brand alongside its flagship product, Alkaline88®. CEO Rickard Wright emphasizes strong consumer interest and plans to expand into traditional retail. The A88CBD™ line features various products, including capsules, oils, and CBD-infused water, with an eye on increased e-commerce growth.
The Alkaline Water Company (NASDAQ: WTER) reported record revenue of $14.2 million for Q1 fiscal 2021, a 40% year-over-year increase. EPS improved to ($0.05), a 57.3% enhancement compared to Q1 2020. Operational expenses decreased 5% year-over-year, while gross profit rose by 41.8% to $5.8 million. The company's flagship brand, Alkaline88, maintains a strong sales presence in 70,000 U.S. stores. Additionally, the A88CBD line is expanding, with new retail locations and an effective e-commerce platform. The company expects continued growth throughout fiscal 2021.
The Alkaline Water Company (NASDAQ: WTER) is excited to announce a partnership with Mahaska, a prominent Direct-Store-Delivery provider serving over 5,000 clients across the Midwest. This collaboration enables the distribution of Alkaline88® and A88™ flavor-infused water to key markets. Mahaska's extensive network could enhance the Company's growth in the hospitality sector. Alkaline88®, recognized for its superior taste and eco-friendly initiatives, aims to expand its footprint in retail channels, aligning with the increasing consumer demand for healthy beverage options.
The Alkaline Water Company Inc. (NASDAQ: WTER) plans to host a teleconference on August 13, 2020, at 5:00 PM ET to discuss its fiscal first-quarter 2021 financial results. This session will be led by President and CEO Richard Wright and CFO David Guarino, following a press release detailing the financial outcomes and outlook, which will be available after market close. The Company, known for its premium alkaline and CBD-infused products, emphasizes a commitment to quality with its flagship brand Alkaline88® and innovative flavors under A88 Infused™.
The Alkaline Water Company Inc. (WTER) announced a partnership with Elevated Wellness to launch A88CBD™ products in their retail locations and e-commerce. A88CBD™ will provide a range of CBD topicals and ingestibles, enhancing brand visibility through co-branding initiatives. Elevated Wellness specializes in U.S.-grown, gluten-free, and vegan products, aligning with A88CBD™'s commitment to quality and natural ingredients. Following the Austin store launch, the partnership will extend to Houston, emphasizing the company's growth trajectory in the wellness sector.
The Alkaline Water Company (NASDAQ: WTER) announced a significant partnership with CBD Emporium, marking the largest order for its A88CBD™ product line to date. A88CBD™, which includes topical and ingestible hemp-derived products, will be available in 17 retail locations and online at CBD Emporium. This collaboration aims to enhance the national presence of A88CBD™ and involves co-branded marketing efforts. As CBD Emporium expands its retail footprint across the U.S., the partnership is expected to meet the growing demand for high-quality CBD products.
The Alkaline Water Company (NASDAQ: WTER) announced participation in the virtual ECRM Beverage Program on July 29-30, showcasing its premium alkaline and flavored waters, and CBD products. With over 36 one-on-one meetings scheduled with various retail chains, the company aims to strengthen its market presence. Frank Chessman, Executive Director of National Sales, emphasized their successful engagement with key decision-makers, enhancing productivity and collaboration within the beverage sector. Alkaline88® continues to grow as a lifestyle brand, offering innovative products designed to meet consumer demand.
The Alkaline Water Company (WTER) reported a record fiscal year revenue of $41.1 million, marking a 28% year-over-year increase, and a 51% growth in Q4 revenue to approximately $12.1 million. The company's gross profit for the year rose to $16.8 million, a 30.1% increase, but net losses widened to $14.8 million. Operational highlights include adding 15,000 retail locations, launching new product lines, and enhancing e-commerce capabilities. Despite positive momentum, the company refrained from providing FY2021 guidance due to COVID-19 uncertainties.
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