Business
ALKM Announces Acquisitions of Maury Island Farm Jams and Preserves and Quinn's Pepper Jellies
ALKM Announces Acquisitions of Maury Island Farm Jams and Preserves and Quinn's Pepper Jellies.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n\n\n\nALKM Announces Acquisitions of Maury Island Farm Jams and Preserves and Quinn's Pepper Jellies\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nALKM Announces Acquisitions of Maury Island Farm Jams and Preserves and Quinn's Pepper Jellies\nPR Newswire\nLAS VEGAS, Jan. 6, 2022\n\n\n\nLAS VEGAS, Jan. 6, 2022 /PRNewswire/ -- Alkame Holdings, Inc. (OTC PINK: ALKM), a publicly traded diversified holding company, is pleased to announce that its wholly owned subsidiary, West Coast Copacker Inc., has closed on the acquisitions of two specialty food brands: Maury Island Farm and Quinn's Pepper Jellies. The acquisition includes intellectual property, inventory, and production equipment. The acquisitions were completed without issuance of any company stock.\nBoth product lines are native to the Pacific Northwest with fruits and ingredients procured from the local region and handcrafted in small batches. The integrity of these long-standing brands will continue as the acquisition allows a seamless transition for both companies to work together in ensuring a smooth and speedy integration. Although these regional brands have a long history of annual revenue in the $700,000 to $1,000,000 range, the West Coast Copacker capabilities look to exceed the revenue models by up to 4x within the first year or two, and expectations are to grow these brands into additional regions towards a national brand status.\nRobert Eakle, Alkame Holdings CEO, States, \"We are very excited to begin production of Quinn's and Maury Island, and really watch this grow into something spectacular. Both brands fit nicely into our future vision and our longer-term plans which include entrance in the direct-to-consumer sector as well as national distribution partners. This is a tremendous opportunity for us to see both consistent production and cash flow, as well as strategic growth over the next 5 years. I look forward to providing additional corporate updates in the very near future.\"\nAbout West Coast Co Packer, Inc.\nWest Coast Co Packer, Inc., is a wholly owned subsidiary of Alkame Holdings, Inc. and is ...