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Alkaline Water Company Inc (OTCMKTS:WTER) is Making a Major Splash

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One recent rocket launch on the OTC is shares of Alkaline Water Company Inc (OTCMKTS:WTER). The stock took flight last week, powering as much as 70% higher in just a few trading sessions. That momentum extended on Monday. The source of the explosion of new interest appears to be related to the company’s recent announcement of the formation of A88 Infused Beverage Division, Inc., a wholly owned Nevada corporation. According to the release, “A88 Infused will focus on brand extension and product innovations in the healthful water category.”

“We are excited to announce the launch of our new A88 Infused Beverage Division, Inc. Our national success with Alkaline88 and expertise gained in the enhanced water segment makes A88 Infused a logical step in Alkaline88’s brand evolution. We have partnered with industry leaders and experts to develop healthful products using the technology currently used by Alkaline88 as their foundation,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc.

Alkaline Water Company Inc (OTCMKTS:WTER) frames itself as a company that produces, distributes, and markets bottled alkaline water in the United States.

Alkaline88 is a premier 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes.

The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States.

The company offers bottled alkaline water in various volumes under the Alkaline88 trade name. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers.

The company was incorporated in 2011 and is headquartered in Scottsdale, Arizona.

According to company materials, “The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) has developed an innovative, state-of-the-art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The Company is focused on the business of distributing and marketing for retail sale of its cost-effectively packaged Alkaline88® water beverage products. The Company is the creator of an innovative, state-of-the-art, proprietary electrolysis beverage process. The Company packages and sells its alkaline water in 1-gallon, 3-liter, 1.5-liter, 1-liter, 700-milliliter and 500-milliliter sizes. It is available in most major grocery stores in all 50 States.”

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As noted above, the company just announced the formation of A88 Infused Beverage Division, Inc., a wholly owned Nevada corporation. That announcement appears to have launched a major rally over recent days. In all, the chart shows just under 130% added to share values of the company over the past month of action. In addition, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running exceeding 640% beyond what we have been seeing over the larger time frame.

Traders should note this as important given the stock’s limited trading float of roughly 29M shares.

“Consumer demand for enhanced and functional beverages is at an all-time high. Over 83% of consumers want some sort of nutritional or functional benefit in their water. A88 Infused is capitalizing on this trend with the planned launch of four new products centered around growing trends in the beverage space. A88 Infused is uniquely positioned to dominate these emerging beverage markets through our already established nationwide footprint of Alkaline88®,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc.

At this time, carrying a capital value in the market of $132.97M, WTER has a significant war chest ($2.8M) of cash on the books, which compares with about $5.9M in total current liabilities. One should also note that debt has been growing over recent quarters. WTER is pulling in trailing 12-month revenues of $22.5M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 52.1%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $WTER stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $WTER, either long or short, and we have not been compensated for this article.

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