- The Alkaline Water Company (OTC: WTER) finalizes equipment acquisition to enhance production capabilities.
- 34,000,000 restricted shares issued for acquisition, preserving cash position.
- Strategic move expected to reduce costs and improve margins in the premium water market.
The Alkaline Water Company, Inc. (OTC: WTER) has successfully completed its strategic equipment acquisition from FZA Note Buyers through its subsidiary, Alkaline Water AZ. This acquisition marks a significant milestone for WTER as it gains direct control over its production lines for the first time.
The transaction was structured through the issuance of 34,000,000 restricted shares, subject to a 12-month lock-up period, thereby preserving the company's cash position and not affecting its current trading float. The company expects this move to enhance manufacturing capabilities, reduce production costs, and improve profit margins, with significant cost savings and operational efficiencies projected for the current fiscal year.
This acquisition follows a national distribution agreement with a major U.S. wholesale grocery distributor, which positions WTER for increased market presence in the premium water category. According to Ricky Wright, CEO of The Alkaline Water Company, the timing of this acquisition is strategic as it occurs ahead of the high-volume summer season.
The Alkaline Water Company, with its flagship Alkaline88® brand, is committed to providing superior hydration solutions and continues to focus on expanding its market footprint and driving sustainable growth.
