The Alkaline Water Company Inc. (OTCQB: WTER) announced a major ally Wednesday.
The Scottsdale, Arizona-based water company announced that Albertsons subsidiary, Shaw’s, will be carrying Alkaline88® in over 150 store locations across northeastern states.
The company boasts Alkaline88’s status as America’s number-one selling bulk alkaline water. The announcement marks yet another big customer for Alkaline, as WalMart, Kroger, CVS, and other top regional and local supermarket chains, also carry the water, which is sold in containers in a variety of sizes.
Alkaline CEO Richard Wright said, "We are proud to partner with a company with such a long and distinguished history of operating in the Northeastern United States. This completes our coast to coast expansion in the Safeway/Albertsons family, one of the most important steps in establishing our national brand footprint."
WTER shares climbed 23 cents, or 6.9%, to head into Wednesday’s final hour of trading at $3.56, on volume of more than 46,000.
