The Alkaline Water Company Inc., a Scottsdale, Arizona-based producer of premium bottled alkaline and flavored water sold under the brand names Alkaline88 and A88, respectively, announced it is launching an e-commerce site, A88CBD.com, to sell its broad line of CBD infused products.
“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,” stated The Alkaline Water Company’s CEO.
The company recently announced its broad line of CBD infused products, which include ingestibles and topical products. For its ingestibles line, the A88 Infused Beverage Division Inc. produces CBD infused drinks, beverage shots, tinctures, capsules, and powder packs. For its topicals line, A88 Infused Products Inc. produces salves, balms, lotions, essential oils, and bath-salt all made with lab-tested full-spectrum hemp.
The U.S. CBD market is expected to grow to over $20 billion by 2024, according to BDS Analytics. Their estimates indicate that the $4.1 billion CBD derivatives market is currently served primarily through dispensaries, with the E-Commerce representing roughly $575 million or 14% of the current market.