Alkaline88® Increases Midwest Supermarket Exposure with Fareway Stores
01 September 2020 - 3:15PM
The Alkaline Water Company Inc. (NASDAQ and CSE: WTER)
(the “Company”), is a producer of premium bottled alkaline water,
flavor-infused waters, and CBD-infused products sold under the
brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively.
Today, the Company announces that its flagship brand, Alkaline88®
will be available in 1-gallon and 1-liter sizes at all 123 Fareway
store locations across Illinois, Iowa, Minnesota, Missouri,
Nebraska, and South Dakota.
“We are excited to announce that our flagship
brand, Alkaline88, will be available in all Fareway locations
across six states in the Midwest,” stated Ricky Wright, President
and CEO of The Alkaline Water Company. “Our brand presence in the
Midwest is growing stronger by the day, especially in the grocery
channel. Fareway further extends our market share, and our
customers can now find our products in many of the leading grocery
chains in the region. Our lifestyle brands are currently in over
70,000 retail locations, and we are targeting an additional 40,000
stores over the next 12 to 18 months across multiple trades. We
continue to see growth in our single-serve offerings, including our
eco-friendly aluminum bottles and our A88 flavor-infused
waters.”
Fareway is a family-owned growing Midwest
grocery chain operating in 123 locations across the Midwest.
Fareway is committed to personalized service and quality food
distribution. Their mission is to provide the highest quality,
freshest product available, while treating customers like family
and valuing their dedicated employees beyond measure.
The Alkaline Water Company
Founded in 2012, The Alkaline Water Company
(NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its
flagship product, Alkaline88®, is a leading premier alkaline water
brand available in bulk and single-serve sizes along with
eco-friendly aluminum packaging options. With its innovative,
state-of-the-art proprietary electrolysis process, Alkaline88®
delivers perfect 8.8 pH balanced alkaline drinking water with trace
minerals and electrolytes and boasts our trademarked label ‘Clean
Beverage.’ Quickly being recognized as a growing lifestyle brand,
Alkaline88® launched A88 Infused™ in 2019 to meet consumer demand
for flavor-infused products. A88 Infused™ flavored water is
available in six unique all-natural flavors, with new flavors
coming soon. Additionally, in 2020, the Company launched A88
Infused Beverage Division Inc., which includes the Company’s CBD
water and flavor-infused water. For the Company’s topical and
ingestible offerings, A88 Infused Products Inc. includes both the
Company’s lab-tested full-spectrum hemp salves, balms, lotions,
essential oils, and bath salts, along with broad-spectrum hemp
beverage shots, powder packs, oil tinctures, capsules, and
gummies.
To purchase A88CBD™ products online, visit us at
www.A88CBD.com. To learn more about The Alkaline Water Company,
please visit www.thealkalinewaterco.com or connect with us on
Facebook, Twitter, Instagram, or LinkedIn.
Notice Regarding Forward-Looking
Statements
This news release contains “forward-looking
statements.” Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the following: that Alkaline88 will be
available in 1-gallon and 1-liter sizes at all 123 Fareway Food
store locations across Illinois, Iowa, Minnesota, Nebraska, and
South Dakota and; that we are targeting an additional 40,000 stores
over the next 12 to 18 months across multiple trades for our
lifestyle brands.
The material assumptions supporting these
forward-looking statements include, among others, that the demand
for the Company’s products will continue to significantly grow;
that the past production capacity of the Company’s co-packing
facilities can be maintained or increased; that there will be
increased production capacity through implementation of new
production facilities, new co-packers and new technology; that
there will be an increase in number of products available for sale
to retailers and consumers; that there will be an expansion in
geographical areas by national retailers carrying the Company’s
products; that there will be an expansion into new national and
regional grocery retailers; that there will be an expansion into
new e-commerce, home delivery, convenience, and healthy food
channels; that there will not be interruptions on production of the
Company’s products; that there will not be a recall of products due
to unintended contamination or other adverse events relating to the
Company’s products; and that the Company will be able to obtain
additional capital to meet the Company’s growing demand and satisfy
the capital expenditure requirements needed to increase production
and support sales activity. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, governmental
regulations being implemented regarding the production and sale of
alkaline water or any other products, including products containing
hemp/CBD; the fact that consumers may not embrace and purchase any
of the Company’s CBD-infused products; the fact that the Company
may not be permitted by the FDA or other regulatory authority to
market or sell any of its CBD-infused products; additional
competitors selling alkaline water and enhanced water products in
bulk containers reducing the Company’s sales; the fact that the
Company does not own or operate any of its production facilities
and that co-packers may not renew current agreements and/or not
satisfy increased production quotas; the fact that the Company has
a limited number of suppliers of its unique bulk bottles; the
potential for supply-chain interruption due to factors beyond the
Company’s control; the fact that there may be a recall of products
due to unintended contamination; the inherent uncertainties
associated with operating as an early stage company; changes in
customer demand and the fact that consumers may not embrace
enhanced water products as expected or at all; the extent to which
the Company is successful in gaining new long-term relationships
with new retailers and retaining existing relationships with
retailers; the Company’s ability to raise the additional funding
that it will need to continue to pursue its business, planned
capital expansion and sales activity; and competition in the
industry in which the Company operates and market conditions. These
forward-looking statements are made as of the date of this news
release, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements, except as required by applicable law, including the
securities laws of the United States and Canada. Although the
Company believes that any beliefs, plans, expectations, and
intentions contained in this news release are reasonable, there can
be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Readers should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents the
Company files with the SEC, available at www.sec.gov, and on the
SEDAR, available at www.sedar.com.
The Alkaline Water Company
Inc.
Richard A. Wright President and CEO, or
Sajid DaudiDirector of Investor Relations &
Corporate Communications 800-923-1910
investors@thealkalinewaterco.com
Media
Jessica Starman 888-461-2233
jessica@elev8newmedia.com
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