The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER)
(the “Company”), a producer of bottled alkaline water,
flavored-infused waters, and CBD infused products sold under the
brand names Alkaline88®, A88™, and A88CBD™, respectively, today
announced that its flagship brand, Alkaline88® will be available in
all 258 Jacksons Food Stores, Inc. (“Jacksons Food”) across six
western states and in all 108 Plaid Pantry Inc. (“Plaid Pantry”)
locations mostly situated in the metro area around Portland,
Oregon.
“We continue to make steady progress penetrating
the convenience store channel. In coordination with our partners,
Capitol Distributing and Core-Mark, we now have a strong c-store
foothold in the northwest for our flagship brand Alkaline88®. I am
happy to report that two prominent chains, Jacksons Food and Plaid
Pantry, will start carrying our 3-liter and 1-liter bottles,
respectively. This is a meaningful win for us, given the potential
opportunity, especially for our line of single-serve products,
including our eco-friendly aluminum bottles and A88™ flavor-infused
water. With a growing geographic footprint and a strong cash margin
profile for our single-serve offerings, we expect the c-store
channel to be a strong contributor toward our growth and our goal
of being cash-flow positive by fiscal 2021,” stated Richard Wright,
President, and CEO of The Alkaline Water Company.
Jacksons Food has grown to be a nationally
recognized chain with more than 250 Shell- and Texaco-branded
convenience stores. In February of 2018, Jacksons’ purchased a 50%
stake in ExtraMile partnership with Chevron and is in the midst of
converting its Chevron-branded locations into ExtraMile.
ExtraMile has more than 850 convenience stores that feature
traditional c-store products and a growing offering of healthier
food options. Jacksons Food holdings also include Capitol
Distributing, Jacksons Energy, and Jacksons Jet Center.
Plaid Pantry operates a regional chain of
24-hour Plaid Pantry convenience stores in the Pacific Northwest,
most situated in the metro area around Portland. The chain offers a
variety of convenience items, beverages, and fresh foods at value
prices. It aims to be an easy-to-get-to, bicycle-friendly
neighborhood corner store.
According to the National Association of
Convenience Stores (NACS) survey, the c-store trade channel has
seen healthy high single-digit growth over the past couple of
years. The NACS survey found that nearly three in four retailers
say that in-store merchandise sales were up over the first nine
months of 2018. The survey data suggests the total sales for the
c-store channel are expected to exceed $700 billion in sales for
the 2019 calendar year. The survey also indicated that that
beverages help drive customer traffic inside the store.
Furthermore, the survey found 53% of the retailers said that buying
a beverage was the top reason why customers come inside the store,
compared to 23% for food purchase and 18% to purchase something
else.
About Jacksons Food
Jacksons Food Stores, Inc., headquartered in
Meridian, Idaho, was founded in Caldwell, Idaho, in 1975 as a
single service station. Jacksons has grown to be a nationally
recognized chain of over 230+ Chevron, Shell, and Texaco branded
convenience stores in six western states
About Plaid Pantry
Plaid Pantry Inc., headquartered in Beaverton,
Oregon, was founded in 1960. Plaid Pantry is locally owned and
operates 108 location convenience store chain based in the greater
Portland, Oregon area.
About The Alkaline Water Company Inc.
The Alkaline Water Company Inc. (NASDAQ and
TSXV: WTER) is a producer of bottled alkaline water,
flavored-infused waters, and CBD infused products sold under the
brand names Alkaline88®, A88™, and A88CBD™, 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. intends to produce 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. To purchase A88CBD™ products online,
visit us at www.A88CBD.com.
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.
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.
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: the expectation that the c-store
channel to be a strong contributor toward the Company’s growth and
its goal of being cash-flow positive by fiscal 2021; and statements
with respect to the National Association of Convenience Stores
(NACS) survey, including that the survey data suggests the total
sales for the c-store channel are expected to exceed $700 billion
in sales for the 2019 calendar year.
The material assumptions supporting these
forward-looking statements include, among others, that the demand
for the Company’s products will continue to grow significantly;
that the c-store channel will benefit the Company’ growth and
goals; 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 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.
The Alkaline Water (TSXV:WTER)
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