Business
ALKM Signs LOI To Acquire 2 Condiment Brands With Over $1 Million In Annual Sales Available On Amazon
ALKM Signs LOI To Acquire 2 Condiment Brands With Over $1 Million In Annual Sales Available On Amazon.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n\n\n\nALKM Signs LOI To Acquire 2 Condiment Brands With Over $1 Million In Annual Sales Available On Amazon\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 Signs LOI To Acquire 2 Condiment Brands With Over $1 Million In Annual Sales Available On Amazon\nPR Newswire\nLAS VEGAS, Oct. 25, 2021\n\n\n\n\n \n \n LAS VEGAS, Oct. 25, 2021 /PRNewswire/ -- Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to announce that Alkame has signed a letter of intent to acquire 2 premium condiment brands.\nBoth brands have a line of top shelf products, including premium jams and jellies as well as pepper jellies and fruit dessert toppings. These product lines and have been active in the marketplace for over 25 years with significant brand awareness, and are well known for being handcrafted in small batches.\nAlkame has already conducted due diligence and both parties have agreed to the acquisition. The acquisition final agreement and transferring IP assets are in process. With the prospective asset purchases, to bring shareholder value to the company, and to build the business into a recognizable brand.\nRoughly 100 customers, including UNFI, KEHE, Amazon, with distribution channels ranging from National Discount & Fruit Channel, with retail placement in Bartell's and Safeway.\nAlkame Holdings, Inc. CEO, Robert Eakle stated, \"These long established brands which are already revenue generating just under 1m annually fit perfectly into our wheelhouse. We believe these brands have great potential for expansion and future growth.\" Eakle continues, \"We will update shortly with additional details\".\nAbout Alkame Holdings, Inc.\nAlkame Holdings, Inc. is a publicly traded health and wellness technology holding company, with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly owned subsidiaries manufacture products with enhanced water utilizing a proprietary technology to create products with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, ...