NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) — by way of CommunityNewsAudio — The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) right now pronounces that its president and CEO, Ricky Wright, has been featured in an unique audio interview with CommunityNewsWire (“NNW”), a monetary information and content material distribution firm and certainly one of 50+ manufacturers within the InvestorBrandNetwork (“IBN”). During the interview, Wright supplied some background on the corporate’s historical past and technique, in addition to detailing its unbelievable response to the COVID-19 pandemic.
The broadcast might be heard at The CommunityNewsAudio Interviews Podcast.
Wright began the interview by offering some background on the corporate. “We started about six years ago. We are now the second-largest alkaline water company in the country. … We have moved into a lifestyle brand, so we not only do alkaline water; we also do flavored water. We also have expanded into the CBD arena; we have CBD water, CBD ingestibles and CBD topicals, as well,” he mentioned.
The Alkaline Water Company’s formidable positioning is supported by robust gross sales and an expansive distribution footprint. “We did $41 million last year at the corporate level; on the retail level it probably translates to about $70 million,” Wright added. “We have great access to great banners, including Safeway, Kroger, Publix, H-E-B, Walmart, CVS and Rite Aid. We have great coverage throughout the country. We’re in all 50 states in about 70,000 stores nationwide.”
While 2020 has seen a lot of its opponents wrestle and even exit of business, The Alkaline Water Company has been in a position to thrive within the situations created by the COVID-19 pandemic. “I hate to say this, but we truly have been a COVID winner. … We were able to deliver when nobody else could. … I moved all of the supply chains once Trump announced the tariffs on China. … So, when COVID hit and a lot of my competitors were having trouble getting stuff … to the U.S. for production, I had that all stateside. We were able to double our capacity, almost overnight.”
“We are literally the only water company in the enhanced space that’s in the top 10 and has had double-digit growth with respect to both units and dollar volume for the Nielson reports every four weeks since the first of the year,” Wright continued. “We’re very, very proud of that.”
The firm was additionally strategically positioned to develop its CBD business. “With respect to the CBD, we also were a winner,” Wright mentioned. “We had met with a number of our banners during the fall … and we had been late to the game in terms of their first sets. Because of that, we weren’t going to get in until later – maybe in a year or two – to some of their shelves. … Well, because of COVID, a lot of the small mom and pops went out. … We expect great things on early resets in the third and fourth quarters of this year for us.”
Looking forward, Wright expects The Alkaline Water Company to construct on this current progress and return to “hypergrowth” within the close to future. “We did really, really well during COVID. We kind of made a name for ourselves for being able to deliver on time. … It’s really a proud moment to be able to perform that way,” he concluded. “We’ve had a compound annual growth rate of 62% over the last five years, and I fully anticipate that we’ll see that kind of hypergrowth again very shortly with this company.”
Please hearken to the total interview with The Alkaline Water Company President & CEO Ricky Wright at https://nnw.fm/BPylx.
About The Alkaline Water Company Inc.
Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a number one premier alkaline water model obtainable in bulk and single-serve sizes together with eco-friendly aluminum packaging choices. With its progressive, state-of-the-art proprietary electrolysis course of, Alkaline88® delivers good 8.8 pH balanced alkaline consuming water with hint minerals and electrolytes and boasts the corporate’s trademarked label, “Clean Beverage.” Quickly being acknowledged as a rising life-style model, Alkaline88® launched A88 Infused™ in 2019 to satisfy client demand for flavor-infused merchandise. A88 Infused™ flavored water is accessible in six distinctive all-natural flavors, with new flavors coming quickly. Additionally, in 2020, the corporate launched A88 Infused Beverage Division Inc., which incorporates the corporate’s CBD water and flavor-infused water. For the corporate’s topical and ingestible choices, A88 Infused Products Inc. consists of the corporate’s lab-tested full-spectrum hemp salves, balms, lotions, important oils and tub salts, together with broad-spectrum hemp powder packs, oil tinctures, capsules and gummies.
To buy A88CBD™ merchandise on-line, go to www.A88CBD.com. To study extra about The Alkaline Water Company, please go to www.thealkalinewaterco.com or join with the corporate on Facebook, Twitter and Instagram.
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Forward-Looking Statements
This launch incorporates forward-looking statements throughout the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently unsure as they’re based mostly on present expectations and assumptions regarding future occasions or future efficiency of the corporate. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and converse solely as of the date hereof. In evaluating such statements, potential traders ought to assessment rigorously numerous dangers and uncertainties recognized on this launch and issues set within the firm’s SEC filings. These dangers and uncertainties might trigger the corporate’s precise outcomes to vary materially from these indicated within the forward-looking statements.
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