Accredited Solutions Files $3.6 Million Offering to Fuel Alkaline Water Expansion

By Burstable New York Team

TL;DR

Accredited Solutions, Inc. announces a $3.6 million offering to fuel acquisition-driven growth, strengthening market position and revenue streams.

The capital raised will be strategically allocated to complement organic growth initiatives, redeem outstanding convertible securities, and enhance financial flexibility.

This funding will accelerate growth, deliver value to shareholders, and hold great potential for the future of Accredited Solutions, Inc.

The management team's decision to not pursue a reverse stock split reflects confidence in the Company's intrinsic value and long-term growth strategy.

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Accredited Solutions Files $3.6 Million Offering to Fuel Alkaline Water Expansion

Accredited Solutions, Inc. (OTC: ASII), parent company of Diamond Creek Water, has filed a $3.6 million Regulation A offering to support its growth strategy in the bottled water industry. The company plans to use the capital to fund acquisitions and complement organic growth initiatives for its ionized alkaline bottled water, which is distributed in major grocery and convenience store chains. CEO Eduardo Brito stated that while taking a conservative approach based on financial projections, the funding will be instrumental in accelerating their growth strategy amid promising opportunities.

The capital raise will primarily fund the company's acquisition strategy, beginning with the recent Globetopper acquisition and including additional acquisitions in the pipeline to bolster market position and revenue streams. This approach aligns with the company's goal of expanding its presence in the bottled water market and diversifying product offerings. Additionally, the capital will be used to redeem certain outstanding convertible securities at a significantly lower cost of capital compared to pre-agreed convertible floating terms, a financial maneuver expected to improve the company's balance sheet and create more favorable conditions for future growth.

Accredited Solutions has also announced its decision to increase the number of authorized shares to enhance financial flexibility while committing to not pursuing a reverse stock split of its common stock. Management believes the company's intrinsic value is significantly underestimated and that this strategy will prove beneficial for long-term growth and shareholder value, despite potential short-term investor concerns. The announcement reflects broader trends in the beverage industry, particularly growing consumer interest in functional and health-oriented drinks like ionized alkaline water, as companies seek to capitalize on changing consumer preferences through strategic acquisitions and expansion initiatives.

For investors and industry observers, this move signals confidence in the future of the alkaline water market and the company's ability to capture a larger market share. The success of this offering and subsequent acquisitions could potentially reshape the competitive landscape in the bottled water industry. As the company moves forward with its growth plans, execution of its acquisition strategy and impact on market position will be key indicators of success. More information about Diamond Creek Water and Accredited Solutions is available on the company's website at https://www.diamondcreekwater.com.

Curated from NewMediaWire

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Burstable New York Team

Burstable New York Team

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