Business
The Alkaline Water Company Inc. Reports Record Quarterly Revenue for Second Fiscal Quarter 2019
The Alkaline Water Company Inc. Reports Record Quarterly Revenue for Second Fiscal Quarter 2019.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\nThe Company achieved record quarterly sales of over $8.6 million and continues accelerating growth\n SCOTTSDALE, Ariz., Nov. 14, 2018 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) (the “Company”), with products bottled under the trademark Alkaline88®, today announced strong operating results for the second fiscal quarter ending September 30, 2018, marked by continued momentum and record quarterly sales. “We had another tremendous quarter of accelerated growth and record sales, which continue to exceed expectations,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc. “Led by our sales channels with Walmart and CVS, we are confident that this momentum will continue into the second half of our fiscal year as we plan to add additional national retail customers and introduce our new line of infused and enhanced beverages to the market. This is a very exciting time for the Company as we execute our disciplined growth strategy and drive value for our shareholders.” Second Quarter Highlights (Unaudited)(All amounts are in U.S. dollars) Recorded sales of over $8.6 million for second fiscal quarter 2019, up over 78% compared to second fiscal quarter 2018 Launched A88 Infused Beverage Division Inc. (A88 Infused), with an initial product offering of: •   Hemp-Derived CBD Infused Alkaline88® Water•   Sparkling CBD Alkaline88® water•   Vitamin-infused CBD Alkaline88® water (including Vitamin B12 and Chlorophyll) In addition to the CBD product line, A88 Infused will develop a robust product line of new and innovative beverages, including: •   Vitamin Based “Energy” Alkaline88® water•   Naturally flavored Alkaline88® water (including watermelon, blackberry lemon, blood orange and peach mango) Entered into co-packing agreement and exclusive licensing agreement with American Nutritional Products (“ANP”), which will provide A88 Infused manufacturing, formulations, R&D, biomass and extraction within ANP’s state-of-the-art certified GMP- and FDA-registered facility in Carson City, Nevada for cannabidiol (CBD) and other infused products. Expanded national distribution with the addi...