There’s big demand for bottled water. So much so, the market could explode from $198.5 billion in 2017 to more than $300 billion over the next four years at a CAGR of 6.44%. Total volume could reach nearly 530 billion litres by 2024, as noted by Transparency Market Research. Around the world, the Asia Pacific region is expected to see robust growth and demand for bottled water. In addition, a growing variety of flavored water products in North America is expected to create plentiful opportunities as well. In fact, the flavored water market could run from $17.2 billion in 2020 to more than $36.7 billion by 2025 at a CAGR of 11.5%. That’s creating substantial opportunity for companies such as Dominion Water Reserves Corp. (CSE:DWR), Coca-Cola Co. (NYSE:KO), GURU Organic Energy Corp. (TSX:GURU), Algonquin Power & Utilities Corp. (NYSE:AQN), and American Creek Resources Ltd. (TSXV:AMK)(OTC:ACKRF).
Dominion Water Reserves Corp. (CSE:DWR) BREAKING NEWS: Dominion Water Reserves Corp. just announced its recent developments and diversified portfolio of 10 spring water sources consolidated after a recent definitive share purchase agreement with Aquanor Inc. DWR has thereby acquired 100% interest in the St-Joseph de Coleraine water source, a freshwater reserve representing an estimated 0.7% of Quebec’s total volume under permit. This unique 13 ppm silicon water quality is attractive for the specialty water market, featuring numerous health and wellness benefits and a generous 71 million liters per year of permitted extraction volume. As part of the Acquisition, DWR has secured a 25-year water sale contract with Aquanor to sell the specialized water in recyclable packaging, with initial distribution in the IGA Disraeli, Quebec location.
This acquisition complements DWR’s operations, as its primary business being a consolidator of the water industry by acquiring fresh spring water permits and developing operations across Quebec, with prospective plans to expand across North America. DWR currently controls more than 3 billion litres of spring water, acquired and currently under permit, alongside a diversified portfolio of 10 freshwater sources which includes the biggest well in Quebec with over 2 billion permitted litres of extraction per year and two deep seaport sources with considerable volume. DWR is strategically positioned to increase its holdings and become a dominant player in freshwater reserves, water technology and distribution, with a current 30.4% share of Quebec’s spring water sources secured through acquisitions and options. Given DWR’s current trajectory, the company is positioned to secure over 50% of Quebec’s current natural underground reserves of freshwater, representing over 7.5 billion litres of annual extraction volume and over 1000 acres of land, amounting to an astounding 1%-1.3% of the world’s freshwater reserves.
Among DWR’s specialty 13 ppm water source, the company aims to stand apart by its procured unique glacier water source which is one of only two permitted esker reserves in Quebec and the second largest source in authorized volume, containing 9.4% of the volume of Quebec permitted extraction. This strategically located esker reserve also exhibits exceptional water quality for specialty products resulting from a natural filtration process, adding a unique proposition to DWR’s important volume of spring water under management that stands today at 3.22 billion litres acquired and under option.
Andrew Lindzon, CEO of Dominion Water comments, “Water is the most important raw material in the world, and with this mind DWR holds a social responsibility to create sustainable access to clean and natural water supply for the population. With DWR's vast and strategic portfolio holdings, we are in a prime position to provide for Quebec and neighboring regions. Our growth trajectory and market value of our specialized resources such as Esker and silicon water, strengthens and solidifies our position as a leader in freshwater reserves."
The global market for bottled water poised to reach US$307.6 billion by 2025, driven by the needs of a growing world population expected to reach 9.8 billion by 2050. With Canada’s retail sales of bottled water forecast to reach over US$4.4 billion by 2022, DWR is in a prime position to cater to this growing demand. Based on current esker and silicon spring water reserves with a combined annual permitted debit of over 1B liters, at a $0.005 per liter price point secured through the Aquanor water sale contract, DWR is in a position to achieve strong potential revenues within the next 12 months subject to securing additional distribution contracts.
Other related developments from around the markets include:
Coca-Cola Co. (NYSE:KO) reported third quarter 2020 results and updated its progress on several strategic initiatives that are designed to accelerate a return to growth. The Coca-Cola system continues to focus on emerging stronger from the pandemic with a portfolio of the right brands, high-impact marketing, effective innovation and a highly networked organizational structure. "Throughout this year's crisis, our system has remained focused on its beverages for life strategy. We are accelerating our transformation that was already underway, shaping our company to recover faster than the broader economic recovery," said James Quincey, chairman and CEO of The Coca-Cola Company. "While many challenges still lie ahead, our progress in the quarter gives me confidence we are on the right path."
GURU Organic Energy Corp. (TSX:GURU) Canada’s leading organic energy drink brand, is pleased to announce the start of trading of its common shares on the Toronto Stock Exchange under the symbol “GURU”. Prior to the TSX stock listing, the Company closed its $34.5 million financing on September 30, 2020, and its reverse takeover transaction with Mira X Acquisition Corp. on October 29, 2020, allowing it to trade today on Canada’s premier stock exchange. “We are excited to begin this new adventure as a Canadian public company with a strong financial position, a proven strategy and a passionate team to execute our plan to expand across Canada and in the U.S.,” said Carl Goyette, President and Chief Executive Officer of GURU. “GURU has established a meaningful brand and fast-growing market position in our home market of Quebec, which we aim to grow further in the coming years. We have also successfully grown our market share in larger markets and multiple sales channels where there is a growing appetite for organic, plant-based alternatives. With a significant Canadian and U.S. market opportunity and a proven go-to-market strategy, the future bodes well for GURU as we replicate our Quebec success to other jurisdictions and aim to create long-term value for our shareholders.”
Algonquin Power & Utilities Corp. (NYSE:AQN) announced plans to release its third quarter 2020 financial results on Thursday, November 12, 2020, after market close. APUC will hold an earnings conference call at 10:00 a.m. eastern time on Friday, November 13, 2020, hosted by Chief Executive Officer, Arun Banskota and Chief Financial Officer, Arthur Kacprzak.
American Creek Resources Ltd. (TSXV:AMK)(OTC:ACKRF) is pleased to present results for the fourth set of diamond drill holes at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling continues with six drill rigs currently working on the Goldstorm Zone which is on-trend from Seabridge's KSM Project, 5 km to the southwest. All nine of the recent drill holes have successfully intersected the Goldstorm System expanding the mineralization to the northeast and southeast, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and in addition, the CS-600 and DS-5 systems have been expanded to the northeast and to depth as well. All 26 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization. Tudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., stated: "The goal is to drill-define the limits of the Goldstorm system mineralization. We are very pleased with the results obtained from the 2020 drill holes that have yet to define limits or boundaries to the mineralized target along the northeastern and the southeastern axes, and to depth as well as we keep encountering mineralization versus non-mineralized host rock.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Dominion Water Reserves Corp. by a third party. We own ZERO shares of Dominion Water Reserves Corp. Please click here for full disclaimer.
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