The Alkaline Water Company Cancels Convertible Debt Instrument

The Alkaline Water Company, Inc. (OTCID:WTER) has announced the cancellation of a $110,000 convertible note. This strategic move aims to prevent the potential issuance of approximately 110,000,000 shares of common stock, thereby protecting shareholder interests and minimizing dilution.

This cancellation strengthens the company's balance sheet by removing $110,000 in debt, enhancing financial flexibility. The action aligns with the company's ongoing strategy to advance towards an anticipated uplisting to the OTCQB Venture Market, which would boost transparency and credibility.

Further developments are expected in the coming weeks as the company continues its pursuit of uplisting and aims to increase shareholder value.