The Alkaline Water Stock Price, News & Analysis

The Alkaline Water Company Inc. (NASDAQ: WTER) has appointed Frank Lazaran as its new Chief Executive Officer, following the resignation of Richard Wright. Lazaran, a retail food veteran with over 40 years of experience, previously led Marsh Supermarkets and Winn-Dixie Stores. The Company aims to enhance profitability and optimize operations under Lazaran's leadership, focusing on growth in the Alkaline88 brand. The transition is expected to align with the Company's strategy for continued expansion and financial guidance for the next fiscal year.

The Alkaline Water Company (NASDAQ: WTER) announced its Alkaline88 1-Liter 12-pack will be available in approximately 8,000 locations across the nation, coinciding with a summer promotion at the largest drugstore chain. This addition marks the fourth Alkaline88 SKU offered by the chain, enhancing customer options. According to Nielsen data, Alkaline88 saw a significant growth of 39.7% in dollar volume year-over-year, outpacing its category. The product will be prominently featured in retail outlets, aiming to capitalize on summer consumer demand.

The Alkaline Water Company has successfully completed a $5 Million Underwritten Public Offering, with Aegis Capital Corp. acting as the sole bookrunner. The company, known for its flagship product Alkaline88, specializes in providing premium alkaline water with a pH of 8.8 and trace minerals. Founded in 2012 and headquartered in Scottsdale, Arizona, the Alkaline Water Company emphasizes eco-friendly packaging options. The public offering aims to support the company's growth strategy and enhance its market presence.

The Alkaline Water Company, the largest independent alkaline water brand in the U.S., announced the closing of its public offering of 8,333,334 shares at $0.60 each, raising approximately $5 million. Aegis Capital Corp. managed the offering, which includes a 45-day option for underwriters to purchase an additional 15% of shares, potentially bringing total proceeds to $5.75 million. This offering is under an effective shelf registration statement with the SEC. The Company aims to further its growth in the alkaline water market.

The Alkaline Water Company (NASDAQ: WTER) announced a public offering priced at $0.60 per share, aiming to raise approximately $5 million before expenses. This equates to 8,333,334 shares, with a potential for total proceeds of $5.75 million if underwriters exercise their 45-day over-allotment option. Proceeds will be used for general corporate purposes, including debt repayment and working capital. The offering is set to close on May 9, 2022, pending usual closing conditions.

The Alkaline Water Company (NASDAQ: WTER) has announced a public securities offering aiming to raise approximately $5 million. The proceeds will be utilized for general corporate purposes, including debt repayment and boosting working capital. The offering is subject to market conditions, and its completion remains uncertain. Aegis Capital Corp. is the sole book-running manager for this offering, which is made under an effective shelf registration statement with the SEC. Investors are advised to review the forthcoming prospectus for detailed information.

The Alkaline Water Company Inc. (NASDAQ: WTER) announced its Alkaline88 1-gallon and 3-liter bottles are now available in approximately 150 Roundy's Supermarkets across Wisconsin and Illinois. This partnership with Roundy's, a subsidiary of Kroger, marks a significant growth opportunity for the company in the Midwest. CEO Ricky Wright emphasized that this move will help maintain their position as one of the fastest-growing brands in the 'Value-Added' water sector.

The Alkaline Water Company Inc. (NASDAQ: WTER) has announced its sponsorship of Gronk Beach Las Vegas, a high-profile event celebrating Draft Weekend with 5,000 attendees.

This partnership will promote Alkaline88® as the exclusive bottled water, while also unveiling their first sports drink, Alkaline88 Sport, designed for elite hydration. The event aims to leverage the popularity of athletes like Rob Gronkowski, enhancing brand visibility and engagement in the competitive beverage market.

The Alkaline Water Company (NASDAQ: WTER) announced strong initial results from its Direct-Store-Delivery (DSD) program, surpassing forecasts in its first year, particularly in Arizona, Nevada, and the upper Midwest. The program has expanded Alkaline88® water to thousands of convenience stores and major retailers, including over 45 Target stores. The company aims for significant growth in fiscal 2023 by adding new DSD partners and retailers, with the Nielsen data indicating Alkaline88 as the fastest-growing value-added water brand.