Alkaline Water enters MOU to acquire wholesale distributor, logistics platform

Alkaline Water (WTER) announced that it has entered into a non-binding Memorandum of Understanding to acquire a regional wholesale distributor and logistics platform located in the central United States. The contemplated acquisition, subject to customary due diligence and negotiation of definitive agreements, is expected to be completed for an undisclosed amount of common stock. The company anticipates executing a definitive agreement before the end of July.