Alkaline Water launches eco-friendly aluminum bottle
The Alkaline Water Company announced that its flagship brand Alkaline88 is now available in aluminum bottles in 500ml sustainable single-serve packaging. The Company, since the beginning of calendar 2019, has aggressively extended its product line from primarily the bulk water category into several new SKUs while driving innovation in both the product category and packaging formats. This has enabled the Company to effectively execute on it stated strategy of national expansion and reach into new trade channels. The introduction of eco-friendly aluminum bottles will further accelerate these efforts, especially as the Company continues its aggressive push into the convenience store market which has a large emphasis on innovative canned products. Separately, effective as of January 13, 2020, the Company issued 1,500,000 shares of its restricted common stock to Richard A. Wright, the Company's president, chief executive officer, and director, upon conversion of his 1,500,000 shares of its Series C Preferred Stock. These shares are subject to the resale restrictions under applicable securities laws and the Company's insider trading policy. The Company intends to comply in full with all federal, state, and local laws, rules and regulations as the Company develops its CBD-infused products. The Company will not pursue the commercial production or sale of CBD-infused 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 products accordingly.