- WTER to join Russell Microcap Index effective June 28, 2021
- Addition to prestigious microcap Index will only heighten awareness of WTER stock on Wall Street
- Membership in Russell Microcap Index includes automatic listing in other appropriate growth and value style indexes
The country’s largest independent alkaline water company, The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), will join the Russell Microcap(R) Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021 (https://ibn.fm/yyHMg). The Russell indices are heavily used and relied on by investment managers as well as institutional investors.
“We are honored to be included in the Russell Microcap Index,” said WTER president and CEO Richard A. Wright. “Joining the Nasdaq exchange two and a half years ago brought our company visibility in the investment community. Our addition to the Russell Microcap Index will only heighten the awareness of our stock on Wall Street.”
Russell indexes are part of FTSE Russell, a leading index provider known for providing critical innovative benchmarking, analytics and data solutions for investors around the world. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries; its indexes cover 98% of the global investable market. WTER noted that an estimated $10.6 trillion in assets are benchmarked against Russell’s US indexes.
Along with membership in the Russell Microcap Index comes automatic inclusion in other appropriate growth and value style indexes. Membership in those indexes is determined by FTSE Russell based on objective, market-capitalization rankings and style attributes.
The Alkaline Water Company’s inclusion in these indexes is clear evidence of its success in building a strong, successful beverage portfolio that includes Alkaline88(R), known for its superior hydration with a perfect 8.8pH balance; A88 Infused(R), which includes flavored waters and CBD waters; and A88CBD(TM), a line of CBD ingestibles and topicals. The company is dedicated to purity, quality, value and taste, and is focused on making a difference in the water people drink.
“According to Nielsen for the 52 weeks ending 4/24/21, we continued to outperform the category over 2x in sales volume and over 13x in unit volume,” said Wright. “We are now the largest independent alkaline water company in the country, and we are seeing accelerated growth in our single-serve, aluminum and flavored waters. Our clients, consumers and shareholders are all important to us, and we’re working hard to add value for each of them.”
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://ibn.fm/WTER
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