Shares of Alkame Holdings (OTCMKTS:ALKM) moved lower on Monday, extending its weekly fall to 10%.
Market Reaction
On Monday, ALKM stock fell 6.67% at $0.0014 with more than 22.62 million shares, compared to its average volume of 32.37 million shares. The stock has moved within a range of $0.0014 – 0.0015 after opening the trade at $0.0014.
Opens New West Coast Copacker Facility in Salem Oregon
Publicly traded holding company focusing on patentable, innovative, and eco-friendly consumer products, Alkame Holdings (OTCMKTS:ALKM), on November 8, 2021, announced that the wholly-owned subsidiary, West Coast Copacker new manufacturing facility in Salem, Oregon is operational.
The new space will enable cost saving as well as ensure an increase in volume, productivity, and efficiency for the firm. Alkame will be able to focus on investments into its infrastructure and go forward on the growth plan.
The new facility would ensure future consolidation of the company’s food and beverage facilities under a single roof. Currently, the Salem facility is set for a larger batch of high-speed cold pack production complementing its Oregon location focusing on hot fill production, allowing it to offer diverse brands.
The facility can also ensure Sachet manufacturing, allowing the company to explore Cannaribbean, among others. This will enable an amazing customer experience as the new location took longer than expected to become operational as a result of the covid pandemic. Alkame has confirmed that it has received all certifications and is fully compliant with the regulations.
Alkame CEO, Robert Eakle said that the old saying on good things coming to those waiting fits the company perfectly well and it is having a new operational production line.
Key Quote
“The old adage good things come to those who wait is certainly fitting,” stated Alkame CEO, Robert Eakle. “We are extremely excited to finally have this new production line operational and approved to begin production. We are very much looking forward to getting started”
Traders Review
ALKM stock is trading below the 20-Day and 50-Day Moving averages of $0.0015 and $0.0016 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0021. The stock is up 17% over the past quarter.
