The diversified holding company Alkame Holdings Inc (OTCMKTS:ALKM) has seen its stock suffering from a selloff over the course of the past week and during the period it has declined by as much as 11%.
While the decline recorded by the stock is considerable, it is perhaps also important to point out that there has been no news about Alkame Holdings over the course of the past week. That being said, it might be the right time for investors to take a look at an announcement from the company back on September 20 this year.
On that day Alkame Holdings announced that its fully owned subsidiary company Bell Food & Beverage Inc got a purchase order from Kona Gold LLC. Kona Gold is a fully owned subsidiary company of Kona Gold Beverage Inc.
As per the terms of the contract, Bell Food & Beverage is going to be responsible for the production as well as bottling of HighDrate CBD laced energy water that belongs to Kona Gold. It goes without saying that it was a major announcement. The purchase order is for 125000 units and it is supposed to be produced in six distinct flavours.
