A small Arizona-based company just announced its product development backlog and a increased investment from Puration, Inc. (OTCPK:PURA). Shares of Alkame Holdings Inc. (OTCPK:ALKM) rallied on the news. According to the release, ALKM has a dozen companies currently in various stages of product development, and production testing prior to entering the market, and approximately another dozen onboarding as COVID restrictions ease up. This paired with this increased investment could lead to tremendous growth opportunities down the line.
Alkame is a United States-based company engaged in the sale and distribution of the Alkame brand of bottled waters, as well as other various applications for water treatment technology. The product line offered by the company includes a pack of a half litre, kids gallon, premium gallon, kids four litres and premium four-litre pack.
Traders were bullish on the news as shares got up to an early session high of $0.0035/share (+9.38%) following the announcement. This move is a continuation of what appears to be an upward breakout of the multi-month intermediate downtrend since February of this year.
