The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER),
a leading producer of premium bottled alkaline drinking water sold
under the brand name Alkaline88®, today announced that its
President and CEO, Richard A. Wright, has been invited to present
at the 2019 Beverage Forum on May 1, 2019. The 2019 Beverage Forum
is scheduled from April 30, 2019, to May, 1, 2019, at the Swissotel
Chicago in Chicago, Illinois. Mr. Wright will participate in the
Cannabis Panel, which is titled Unearthing the Future of Cannabis
in Beverages.
In late 2018, The Alkaline Water Company (“Company”) announced
its intention to utilize its already established nationwide retail
footprint to launch A88 Infused Beverage Division Inc., to
introduce flavored Alkaline88® water and flavored hemp-extract
infused Alkaline88® water under the brand name Soothe. Together
with the help of Brian Sudano, an Alkaline88® director and the
moderator of the Cannabis Panel, the Company partnered with
industry leaders to create great tasting first-to-market, flavored
and hemp-extract infused beverages. Coincidentally, some of these
partners are also attending and speaking at the 2019 Beverage
Panel. The Company has begun to strategically map out the first
states for its Soothe brand to be initially available for
purchase.
“I am thrilled to have been asked to participate in this
important panel at one of the most high-profile conventions for our
industry. The U.S. cannabis infused beverage market is projected to
grow to $1.4 billion by 2024, reflecting the true opportunity
presented to our Soothe brand. We will explore how we can unite
cannabis and hemp-infused beverages to meet the overwhelming
consumer demand of this emerging beverage market,” said Richard A.
Wright, President and CEO of The Alkaline Water Company Inc.
“Alongside many other corporate beverage leaders as the emerging
hemp-infused sector begins to come together, we will discuss many
of the upcoming opportunities and challenges as we begin to launch
new products as pioneers of a new niche within our space,”
concluded Mr. Wright.
Event: |
2019 Beverage Forum |
Panel: |
Unearthing the Future of Cannabis in
Beverages |
Date: |
May 1, 2019 |
Time: |
11:00am – 12:00pm EST |
The panel is set to discuss the outlook for hemp-infused
products within the beverage industry. Beverage industry leaders
are watching closely as U.S. states investigate the benefits and
challenges of expanding medical or even recreational marijuana
within their jurisdictions. The Company believes that beverages
could serve as a delivery format to this exciting emerging market.
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 our Soothe brand accordingly. Upon inception, the
goal of Alkaline88® was to capture a large market share of the
bottled alkaline water market, which we have since accomplished.
The same goal remains for our Soothe brand in the emerging hemp
beverage market.
The Company intends to comply in full with all federal, state,
and local laws, rules and regulations as the Company develops its
hemp extract alkaline water and other product lines. The Company
will not pursue the production or sale of hemp extract-infused
products until legally permitted.
PANEL ATTENDEES:
Richard A. Wright, President & CEO, The
Alkaline Water Company Keith Villa, Co-Founder and
Brewmaster, CERIA Kenneth G. Voorhees III,
Principal, Ungerer & Company
Moderator: Brian Sudano, Managing Partner,
Beverage Marketing Corporation
About The Beverage
Forum
For the past 26 years, The Beverage Forum has brought together
beverage executives, distributors, marketing and brand teams, and
innovative suppliers for two days of insightful learning and
networking with some of the most progressive leaders in the
industry. To learn more about the Beverage Forum, please click
here: https://www.bevindustry.com/beverage-forum.
About The Alkaline Water Company Inc.
The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) is
a leading producer of premium bottled alkaline drinking water sold
under the brand name Alkaline88®. With its innovative,
state-of-the-art, proprietary electrolysis process, the Company
produces healthy, all-natural and great-tasting alkaline water for
a balanced lifestyle. Founded in 2012, the Company is headquartered
in Scottsdale, Arizona, and focuses on national distribution and
marketing for retail sale of Alkaline88®, one of the fastest
growing premium bottled water brands on the market. To learn more
about The Alkaline Water Company, please
visit: www.thealkalinewaterco.com or connect on Facebook,
Twitter, Instagram or LinkedIn.
About Alkaline Water Products
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. Learn more about
the science behind alkaline water by
visiting www.thealkalinewaterco.com.
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 U.S. cannabis infused beverage
market is projected to grow to $1.4 billion by 2024, reflecting the
true opportunity presented to the Company’s Soothe brand; that the
Company will explore how it can unite cannabis and hemp-infused
beverages to meet the overwhelming consumer demand of this emerging
beverage market; the statement relating to the launch of new
products as pioneers of a new niche within the Company’s space; the
Company’s belief that beverages could serve as a delivery format to
the exciting emerging market; and the Company’s goal for its Soothe
brand in the merging hemp beverage market.
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 the Company will receive all
necessary regulatory approvals for the production and sale of
hemp-infused water; 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; the fact that
consumers may not embrace and purchase any of the Company’s infused
water products; the fact that the Company may not be permitted by
the FDA or other regulatory authority to market or sell any of its
hemp-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.
James Gilmore Investor Relations 480-656-2423
james@alkaline88.com
Richard A. Wright President and CEO 480-656-2423
investors@thealkalinewaterco.com
Media
Jessica Starman888-461-2233jessica@elev8newmedia.comNeither 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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