- April sales grew approximately 171% year-over-year with demand for the flagship brand, Alkaline88®, at an all-time high.
SCOTTSDALE, Ariz., May 27, 2020 (GLOBE NEWSWIRE) — The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. The Company today announces record April sales of $7.1 million driven by continued strong demand for flagship products across all trade channels.
“April was another month of strong demand for our flagship brand, Alkaline88®. We are pleased to report a new record month of sales, which increased by approximately 171% compared to the prior-year month. These strong results are a testament to the solid execution by our team, our partners, and our resilient business model. The Alkaline88® brand continues to expand within some of the largest retailers in the world. As a result of these record sales, our brand presence is growing stronger in households across America. Innovative products, such as the eco-friendly aluminum bottles or our refreshed packaging for our A88 Infused™ flavored water continue to expand the brand presence for Alkaline88® to a much broader consumer audience. The momentum we have seen to start 2021 fiscal year sales shows the strength for both of our lifestyle brands Alkaline88®, A88 Infused™ waters, and A88CBD™. Overall, we continue to see momentum building in our brands and are off to a great start to our fiscal year 2021,” stated Richard Wright, President and CEO of The Alkaline Water Company.
“Our brand extension into the CBD infused consumer goods space is also seeing good traction. Our A88CBD™ lines of topical and ingestible products are now available online at our e-commerce site, A88CBD.com, and at our newly added online and brick and mortar stores in select markets. Also, through our Amazon store, consumers now have the option to purchase our entire family of products online, which is helping to expand our customer base rapidly. We are committed to growing our retail presence and our currently pursuing a robust pipeline of regional and national opportunities. With a growing portfolio of in-demand products and an expanded reach into health and wellness-oriented consumer, our lifestyle brands are well-positioned to gain share in both the premium beverage and the emerging CBD space.”