The Alkaline Water Company Reports Record Monthly Sales Of $6.2 Million; Exceeding The Previous Record by 63%
Source The Alkaline Water Company Inc.
SCOTTSDALE, Ariz., April 22, 2020 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) (the “Company”), is a producer of bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. The Company announces today that its flagship brand, Alkaline88®, is seeing unprecedented demand across all product lines. The Company achieved record sales of $6.2 million during the month ending March 31, 2020.
“The hard work and dedication of our team, our supply-chain partners, and our brokers and distributors helped to drive record sales of $6.2 million during March. As a trusted national brand, we are seeing unprecedented demand for our core products across all retail channels. On a year over year basis, sales tracked well ahead of expectations and exceeded prior year March by approximately 114%. Backlog for April is also strong, and specifically, demand for our single-serve and aluminum bottles has been robust,” stated Richard Wright, President, and CEO of The Alkaline Water Company.
“As a lifestyle brand with in-demand products, Alkaline88® has built solid brand equity with our partners and our loyal base of customers. Our core brand continues to be the #1 selling bulk alkaline water in the U.S., and our recent investments into smaller sizes are gaining popularity among the health-conscious consumer. Over the past few years, we have added four SKUs for Alkaline88®, introduced seven unique A88 Infused™ flavored waters, and announced an eco-friendly aluminum bottle for our core brand. With a proven business model that can scale on demand and a growing portfolio of high-velocity products, we are well-positioned to service a large base of national, regional, and local retail chains coast to coast.”
About The Alkaline Water Company Inc.
The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) is a producer of bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes. The Company recently announced a broad line of CBD infused products, which include ingestibles and topical products. For its ingestibles line, the A88-Infused™ Beverage Division Inc. intends to produce CBD infused drinks, beverage shots, tinctures, capsules, and powder packs. For its topicals line, the A88 Infused™ Products Inc. produces salves, balms, lotions, essential oils, and bath-salt all made with lab-tested full-spectrum hemp. To purchase A88CBD™ products online, visit us at www.A88CBD.com.
The Alkaline Water Company Inc. is currently pursuing a national multi-channel, mass-market expansion strategy with a direct-to-warehouse model and co-packaging facilities that are strategically located 600 miles within 95% of the U.S. population. Founded in 2012, the Company is headquartered in Scottsdale, Arizona. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect on Facebook, Twitter, Instagram or LinkedIn.
The Company intends to comply in full with all federal, state, and local laws, rules and regulations as the Company develops its CBD-infused ingestible products. The Company will not pursue the commercial production or sale of CBD-infused ingestible products until legally permitted. The Company is closely watching and responding to all regulatory developments within the FDA and in each individual U.S. state, and plans to launch its CBD infused ingestible products accordingly.
