A88CBD Introduces Highly-Anticipated Gummies Line and CBD Flavored Water
- A88CBD branded vegan gummies, zero-calorie Lemon-Lime CBD-infused water, bath bombs, and deep-relief cream will be available in
SCOTTSDALE, Ariz., Sept. 24, 2020 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88, A88 Infused, and A88CBD, respectively. Today, the Company announces that it will introduce new A88CBD infused ingestible and topical products for its lifestyle brand at A88CBD.com and select retail outlets in October 2020.
“We are excited to announce our much-awaited A88CBD line of gummies available in four exciting flavors. Also, we strengthened our water portfolio with a new Lemon-Lime CBD flavored water and our A88CBD topicals portfolio with a deep-relief cream and bath bombs,” stated Ricky Wright, President and CEO of The Alkaline Water Company. “As a trusted lifestyle brand, our new products are all-natural and zero-calorie and include the same high-quality and lab-tested CBD. Guided by data-driven insights and carefully curated formulations, we believe these new items for our A88CBD line are some of the best in the industry. The all-natural element of our ingestible and topical line fits well with our target demographic of consumers seeking healthier alternatives. We are well-positioned with our channel partners, which serve this demographic, and our sales pipeline continues to build across traditional brick-and-mortar retailers, MSO’s, dispensaries, and online wholesalers. We already have commitments from over 100 recently announced retail stores to carry our exciting new products, which will also be available online on our e-commerce site, A88CBD.com, and online-only stores. We anticipate our A88CBD line to be a solid contributor to our top-line during the second half of our current fiscal year and beyond.”
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The global CBD gummy market size is forecasted to reach USD 6.94 billion by 2025, exhibiting a 31.9% CAGR over the period, according to a recent Grandview Research report. The firm also expects the global cannabis beverages market size to reach USD 2.8 Billion by 2025 at a CAGR of 17.8%. The report looked at alcoholic and non-alcoholic beverages using either TCH or CBD. Separately, another industry research house, Brightfield Group, expects the water category to drive a substantial portion of the growth in the CBD drinks segment, forecasted to sell over one billion dollars in products by 2022. Both firms expect the collective market for CBD sales in the US to surpass $20 billion by 2024.