Micro Cap Beverage Company Expands Arizona Footprint, Shares Jump Nearly 6%
The Alkaline Water Company, Inc. (OTCPK: WTER), a prominent player in the beverage industry known for its purified alkaline water infused with Himalayan rock salt, announced today its strategic expansion into the Arizona convenience store market. This move involves placement with one of the country's top convenience store chains, which operates more than 120 locations throughout the Phoenix and Tucson metro areas.
As part of this initiative, the company's flagship Alkaline88 gallon bottles will now be stocked in these high-traffic stores, increasing both convenience and availability for consumers in the fast-growing convenience retail segment.
"Securing shelf space with a premium retailer that operates over 120 locations across both Phoenix and Tucson and generates more than $11 billion in annual sales nationwide significantly strengthens our presence in our own backyard," said Richard Wright, CEO of The Alkaline Water Company. "With Arizona temperatures regularly exceeding 100 degrees during summer months, our gallon size offers consumers the perfect solution for staying properly hydrated throughout the day."
This newest retail expansion brings The Alkaline Water Company's footprint to over 200 store locations across Arizona, ensuring broad coverage in the state's two largest metropolitan areas, which together represent a market of more than 5.3 million people.
The move follows the Company's recent retail gains in Southern California and underscores WTER's continued commitment to growing its market presence throughout the Southwestern United States.
Shares of WTER are currently trading up 5.88% at $0.036 on the news in mid-morning trading.
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