LAS VEGAS, 21 October 2021 / PRNewswire / – Alkame holding, Inc. (OTC PINK: ALKM) has entered into the revolving financing agreement with its private equity lender and major shareholder. Under the agreement, the Company has the ability to pull the line based on a percentage of the purchase orders it has received from customers upon approval by the lender. In addition, upon approval of the lender, the Company may use the line for certain expenses such as additional equipment required to meet special needs, increase production capacity and purchase raw materials required for production. The revolving credit facility does not involve the issuance of shares or convertible debt.
To date, the company has taken $ 57,500 of the establishment.
“The credit facility is the last step in providing the necessary inventory for the co-pack of several large customers and offering the possibility of securing certain equipment necessary to meet their needs. We have never been more ready to take on new business than today, and we continue to add key equipment to use for the business, ”said Robert Eakle, CEO of Alkame. “This is a very important step for Alkame,” continued Eakle. “We are committed to increasing shareholder value and will continue to take our business to the next level and achieve the growth and success that we know is achievable. Using this line of credit allows us to get there faster. The Covid pandemic may have made it hard for us, but with this secured line of credit, we can accelerate our growth without issuing additional shares or convertible debt related to this transaction as we continue to grow. “
About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a publicly traded health and wellness technology portfolio company focused on patentable, innovative and environmentally friendly consumer products. The Company’s wholly owned subsidiaries manufacture products with improved water using proprietary technology to create products with several unique properties. The organization is diligently building a solid foundation through launching and acquiring suitable business assets, and pursuing multiple applications by positioning itself in several emerging business sectors, such as bottled water and RTD products, household pet products, horticultural and agricultural applications, hand sanitizers and many other water-based treatments and solutions to new and existing business platforms.
For more information visit www.alkameholdingsinc.com.
Safe Harbor / Disclaimer: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, failure to meet the schedule or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
SOURCE Alkame Holdings, Inc.