other material
confidence medium
sentiment positive
materiality 0.50
Hiru Corp building third bottling facility in Phoenix; expects record revenues FYE 2021
HIRU Corp
- New 85,000 sq ft facility in Phoenix; total production space to 109,000 sq ft.
- New automated bottling line (60-80 bottles/min) to produce flavored and alkaline water.
- Monthly rent ~$26,500; facility fully operational by end of August 2021.
- CEO projects record revenues in FYE 2021 and FYE 2022 with higher profit margins.
- Wholly-owned subsidiary AZ Custom Bottled Water will operate the facility.