The Alkaline Water Company (NASDAQ:WTER,TSXV:WTER) announced its partnership with Youtech & Associates to develop and launch an e-commerce website that will offer the company’s suite of cannabidiol (CBD) infused topical products for sale.
As quoted in the press release
The expected launch date of the E-Commerce website will be February 20, 2020.
According to Grand View Research, Inc., the global CBD skincare market is valued at $234.1 million and expected to expand at a CAGR of 32.9% from 2019 to 2025, thereby reaching a value of $1.7 billion.
“With a trusted brand as strong as Alkaline88®, we have positioned our A88CBD™ brand to be a significant and strong emerging brand in two of the highest growth and in-demand verticals of the CBD space. The E-Commerce platform marks our aggressive launch into topicals as a result of our existing loyal customers’ and retail partners’ interest in our trusted brand. In the coming weeks, I would expect news and a direction with timelines for our highly anticipated and in-demand ingestibles product portfolio,” stated Richard A. Wright, President, and CEO of The Alkaline Water Company.