Yesterday, Alkame Holdings (OTCMKTS:ALKM) made a key announcement with regards to one of its fully owned subsidiary companies but the market did not take to the news that kindly.
The Alkame stock actually suffered from a selloff and went down by as much as 4% following the news. The company announced that its subsidiary company West Coast Copacker started its new website www.westocoastcopacher.com yesterday. In the press release it was pointed out that the new website does not only have a cleaner design but also has better functionalities and offered far better content to visitors as well.
It is necessary to keep in mind that a well constructed website can often lead to more business for companies and hence, it is an important development for West Coast Copacker. The website is going to showcase the fact that it is a specialist in the liquid base beverage and food copacker.
In addition to that, the website is also going to showcase the fact that West Coast Copacker is an important private label manufacturer, which uses the patented proprietary water technology owned by Alkame. Despite the decline in the Alkame stock yesterday, it is going to be interesting to see if the stock can make a recovery today.