The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER)
(the “Company”), a producer of premium bottled alkaline and
flavored water sold under the brand names Alkaline88® and A88™
today announced that it added Core-Mark to its growing list of
convenience store partners. Beginning in April, all Alkaline88®
products will become part of the “Smart Stock” program, which
extends the company’s reach to approximately an additional 11,000
convenience stores across the U.S.
“This is a huge win for us and marks significant
progress toward our c-store strategy. I am very proud of the fact
that in less than a year, we have positioned our flagship brand,
Alkaline88®, to potentially be available in roughly 10% of the
c-store market. We are excited to select Core-Mark as a partner and
join its “Smart Stock” program, which is an exclusive marketing
opportunity, offered across all Core-Mark U.S. divisions. This
exponential growth that we are seeing is a testament to the
strength of our brand and the trust and confidence that our loyal
consumers have in our growing portfolio of products. We expect to
make continued inroads in the c-store markets and offer our
customers the most innovative and in-demand products,” stated
Richard A. Wright, President, and CEO of The Alkaline Water
Company.
“I am excited to join the Alkaline88® team and
help drive one of their major strategic priorities of gaining share
in the c-store space. Over the years and at various competitors, I
have always admired the Alkaline88® brand and how well it resonates
with consumers and customers. With a growing portfolio of in-demand
products, I am looking forward to helping drive this initiative for
the company,” added Jim Venia, Director of National Sales,
Convenience Stores, and Distributors for Alkaline88®.
Core-Mark’s Smart Stock® program delivers a
full-service merchandising solution encompassing key categories in
a convenience store. The program delivers category-managed sets of
top-selling brand name items and includes weekly account services
where a SmartStock merchandiser visits the store to order, rotate,
date, and price Items to maintain store sets.
About
Core-Mark
Core-Mark is one of the largest marketers
of fresh, food and broad-line supply solutions to the convenience
retail industry in North America. Founded in
1888, Core-Mark offers a full range of products,
marketing programs, and technology solutions to approximately
43,000 customer locations in
the U.S. and Canada through 32 distribution
centers (excluding two distribution facilities Core-Mark operates
as a third-party logistics provider). Core-Mark services
traditional convenience stores, grocers, drug stores, mass
merchants, liquor and specialty stores, and other stores that carry
convenience products. For more information, please
visit www.core-mark.com.
About The Alkaline Water Company Inc.
The Alkaline Water Company Inc. (NASDAQ and
TSXV: WTER) is a producer of premium bottled alkaline and flavored
water sold under the brand names Alkaline88® and A88™,
respectively. 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. The Company recently announced a broad line of CBD
infused products, which include ingestibles and topical products.
For its ingestibles line, the A88™ Infused Beverage Division Inc.
produces CBD infused drinks, beverage shots, tinctures, capsules,
and powder packs. For its topicals line, A88™ Infused Products Inc.
produces salves, balms, lotions, essential oils, and bath-salt all
made with lab-tested full-spectrum hemp. The Alkaline Water Company
Inc. is currently pursuing a national multi-channel, mass-market
expansion strategy with a direct-to-warehouse model and
co-packaging facilities that are strategically located 600 miles
within 95% of the U.S. population. Founded in 2012, the Company is
headquartered in Scottsdale, Arizona. To learn more about The
Alkaline Water Company, please
visit www.thealkalinewaterco.com or connect 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 the Company has positioned
its flagship brand, Alkaline88®, to potentially be available in
roughly 10% of the c-store market; that the Company expects to make
continued inroads in the c-store markets and offer its customers
the most innovative and in-demand products; and the Company’s major
strategic priorities of gaining share in the c-store space.
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 Company intends to comply in full with all
federal, state, and local laws, rules and regulations as the
Company develops its CBD-infused ingestible products. The Company
will not pursue the commercial production or sale of CBD-infused
ingestible products until legally permitted. The Company is closely
watching and responding to all regulatory developments within the
FDA and in each individual U.S. state, and plans to launch its CBD
infused ingestible products accordingly.
The Alkaline Water Company Inc.
Richard A. Wright President and CEO 800-923-1910
investors@thealkalinewaterco.com
Media
Jessica Starman 888-461-2233 jessica@elev8newmedia.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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