$WTER The Alkaline Water Company Inc. Announces Submission of its Application to List on NASDAQ and Closing of Private Placement
By GlobeNewswire, October 01, 2018, 08:30:00 AM EDT
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SCOTTSDALE, Ariz., Oct. 01, 2018 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (TSXV: WTER; OTCQB: WTER) (the "Company") is pleased to announce that the Company has submitted its application to list its common shares on the NASDAQ Capital Market ("NASDAQ"). By up-listing to NASDAQ, the Company believes it will gain new exposure and access to a larger base of retail and institutional investors in both the US and internationally. The Company believes that the up-listing will provide a venue to unlock the full value of its existing flagship product, Alkaline88®, and its recently announced new line of infused beverage products being brought to market by its wholly owned subsidiary, A88 Infused Beverage Division, Inc. Management feels strongly that the up-listing will bring significant value to the Company.
The listing of the Company's common shares on NASDAQ remains subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements. The Company's common shares will continue to trade on the TSX Venture Exchange and the OTCQB under the ticker symbol WTER until NASDAQ approval and up-listing. The Company fully intends to comply with all federal, state, and local laws, rules and regulations as the Company develops its Hemp derived CBD infused alkaline water and other nutraceutical product lines and will not pursue the production or sale of CBD infused products until legally permitted and all necessary approvals have been obtained. The Company is very cognizant of the restrictions that NASDAQ and the TSX Venture Exchange has implemented on these types of products, and it is expending the necessary resources to ensure it is in full compliance.
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