It is an industry given that CannaInvestor Magazine was the first and remains the only publication of our kind that I am aware of that has been bullish on the beverages sector for a few years now.
Let’s work backwards starting with the key metrics that I feel stand out before discussing the company:
>Low Share Count with 5% tightly held by insiders per Yahoo Finance.
>Recorded sales of over C$11.4M million for second fiscal quarter 2019, up over 78% compared to second fiscal quarter 2018.
>With a market cap of US$93M and annualized sales approaching US$33M, it is trading at 2.8x revenue.
>Notwithstanding the above point, The Alkaline Water Company reported its highest monthly sales in company history – if that is a trend and not an anomaly then WTER may be one of the most undervalued companies with a presence in this industry.
>Alkaline88® is available in all 50 states at over 47,000 retail locations, including top national grocery retailers Walmart, Kroger, Safeway-Albertsons and CVS.
>Expanded national distribution with the addition of over 7,500 locations of one of the largest drugstore/pharmaceutical chains in the U.S.
The below are all from January 2019 – you can see why I am revisiting WTER.
>The Alkaline Water Company’s east coast expansion continues through enhanced retail distribution with Publix.
>The Alkaline Water Company adds ShopRite as a major east coast retailer.
>Alkaline Water Company enters into brand development agreement with ArchPoint Group.
>The Alkaline Water Company partners with Water Source One.
>The Alkaline Water Company launches aggressive convenience store plan through partnership agreement with E.A. Berg Associates.
211