Business
The New Player in the CBD Beverage Space -- CFN Media
The New Player in the CBD Beverage Space -- CFN Media.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\nSEATTLE, Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering The Alkaline Water Company's (TSXV: WTER) (OTCQB: WTER) introduction of a CBD-infused beverage line.\n Cannabis based beverages have been making headlines in the industry lately. There is, of course, Constellation Brands’ major investment in Canopy Growth, a marriage of alcohol and cannabis giants. On a smaller scale, New Age Beverages Corp. recently announced its upcoming debut of a CBD-infused line of drinks. The announced plan triggered a run on the company’s stock. Over the course of three days (9/19-9/21) the price ran from $2.81 to a high of $8.86 before settling to $6.10 entering the weekend. The Alkaline Water Company (TSXV: WTER) (OTCQB: WTER) came out with two announcements heralding its entry into the cannabis beverage space. A88 Infused Beverages Division, Inc., (A88 Infused) a wholly owned subsidiary of The Alkaline Water Company Inc., secured a deal with American Nutritional Products to manufacture and package the new product lines out of ANP’s Nevada facility. Considering Alkaline Water’s extensive distribution footprint, proven marketing strategies, and skyrocketing revenues, these developments could add significantly to the company’s prospects over the coming quarters. CBD and More Alkaline Water’s national success with its flagship product, Alkaline88®, makes A88 Infused the next logical step in expanding the company’s national footprint. The company is developing a line of enhanced products using the same proprietary Electrochemically Activated Water (ECA) system it has employed to create its signature 8.8 pH Alkaline88® without the use of any chemicals. Four new product categories are already in various stages of development and will soon be available in markets nationwide and in Canada. All four have been developed based on current consumer demand and market potential for enhanced and functional beverages. A88 Infused is uniquely positioned to capitalize on this growing trend in the enhanced beverage space with the following products: Hemp-derived CBD infused Alkaline88® water...