The Alkaline Water Company Pursues OTCQB Market Uplisting
The Alkaline Water Company Aims for OTCQB Uplisting
The Alkaline Water Company, Inc. (NASDAQ: WTER), recognized as a pioneer in the beverage sector, is making significant strides in its market strategy. Recently, the company has submitted an application to uplist its shares onto the OTCQB market tier, a noteworthy move that suggests a transformative approach to enhancing shareholder value.
CEO's Insights on the Uplisting Process
Ricky Wright, the company’s CEO, commented on this pivotal moment, stating, "The filing of our OTCQB application is a crucial component of our overall capital market strategy." This application initiates a detailed review process by OTC Markets. Upon approval, the company will be well-positioned to capitalize on SEC's modernized Rule 15c2-11 framework, which could lead to increased market maker participation. The company anticipates that this will cultivate new opportunities for both institutional engagement and improve trading efficacy for shareholders.
Benefits of the OTCQB Uplisting
With this uplisting, the Alkaline Water Company hopes to enhance liquidity and optimize price discovery, allowing shareholders to better navigate market fluctuations. The CEO expressed optimism regarding the anticipated outcome of this process, promising to keep investors updated as significant developments arise.
Major Operational Achievements
The company is experiencing a significant operational transformation, achieving several groundbreaking milestones that reflect its commitment to growth:
Vertical Integration Strategies
The first-ever company-owned production facility is on the horizon. The recent Letter of Intent (LOI) signed for equipment acquisition signals a projected saving of up to $2 million annually.
Improved Cash Flow Management
The Alkaline Water Company has successfully acquired $1.5 million in essential inventory through a restricted share structure. This strategic decision positively impacts cash flow, enhancing the projected cash position by $1.2 million through June.
Focus on Production and Quality Control
Through these new infrastructural capabilities, the firm aims to ensure superior quality control and operational efficiency. Direct manufacturing facilities will empower the company to have better oversight over its production processes, ensuring that the quality of Alkaline88 remains top-notch.
Governance and Transparency Advancements
In a bid to bolster corporate governance, The Alkaline Water Company has appointed two independent directors recognized for their extensive financial and business experience. This move underscores the company’s commitment to transparency and regulatory compliance, culminating in the completion of a PCAOB audit.
About Alkaline Water Company, Inc.
The Alkaline Water Company, Inc. is celebrated for its flagship product, Alkaline88, which is a purified alkaline water infused with Himalayan rock salt. This drink not only promises hydration but also provides a naturally delicious taste that consumers love.
Frequently Asked Questions
What does it mean for Alkaline Water Company to uplist to OTCQB?
Uplisting to OTCQB allows the company to enhance its market accessibility, potentially attracting more investors and improving trading capabilities.
How will the uplisting impact shareholders?
Shareholders can expect better liquidity and price discovery, which can positively influence their investment experience.
What operational milestones have been achieved by the company?
The company has signed a LOI for its production facility and secured vital inventory which will improve its operational and financial efficiency.
Who is the current CEO of the Alkaline Water Company?
Ricky Wright serves as the CEO, leading the charge toward market growth and strategic initiatives.
What products does The Alkaline Water Company offer?
The Alkaline Water Company is known primarily for its product Alkaline88, marketed for its hydrating and refreshing qualities.
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