Business
A88 Infused Beverage Division Enhances CBD and Infused Portfolio
A88 Infused Beverage Division Enhances CBD and Infused Portfolio.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\nCompany Enters into Exclusive Formulation, Development, and Supply Agreement with American Nutritional Products Inc.\n SCOTTSDALE, Ariz., Oct. 17, 2018 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) (the \"Company\"), with products bottled under the trademark Alkaline88®, is pleased to announce that its wholly owned subsidiary, A88 Infused Beverage Division, Inc. (“A88 Infused”), has entered into an exclusive formulation, development, and supply agreement (the “Agreement”) with American Nutritional Products Inc. (“ANP”), headquartered in Carson City, Nevada. This Agreement solidifies our ongoing relationship with ANP to finalize the formulations for our Cannabinol (CBD) and infused products. ANP has agreed to initially develop 5 to 7 functional waters including 3 to 4 in the CBD area and 2 to 3 in the vitamin and antioxidant segment. Each will be uniquely formulated to match both consumer demands and taste profiles.  Under the terms of the Agreement, A88 Infused will be granted the exclusive right to products developed by ANP, which will be used in the development of our new line of infused beverages, including:  Hemp-Derived CBD Infused Alkaline88® WaterVitamin infused CBD Alkaline88® water Including Vitamin B12 and Chlorophyll Vitamin Based “Energy” Alkaline88® waterSparkling CBD Alkaline88® waterNaturally flavored Alkaline88® water Including watermelon, blackberry lemon, blood orange, and peach mango “For over 25 years, Maria Watson, President and CEO of ANP, has been an industry leader in the nutraceutical world.  Her formulation team has over 40 years of experience in the development and marketing of infused beverages containing CBD, nutraceuticals, and organic flavoring, making them an ideal partner to work with in the development of our new line of products. We both recognized the synergies of our companies and this agreement was a logical extension of our recently signed co-packing agreement.  The depth of knowledge and expertise provided by ANP will ensure that A88 Infused is able to introduce some of its infused beverages to market by the end of this calendar year,” stated Richard A. Wright, President and CEO of The Alkaline Water Company. “Alkaline88® is one o...