Last month we wrote about the increase demand for freshwater and desalinated water in an article entitled “Investing In Water Desalination – H20 Innovation”. H20 Innovation (TSX: HEO) (OTCQX: HEOFF) is a water solutions company whose focus is on providing water technologies and services, operation and maintenance and specialty products, from the production of drinking water, desalination of seawater, treatment of wastewater and industrial processing.
H20 Innovation has recently been awarded new water treatment projects with four municipalities and six industrials, resulting in $12 Million in new contract wins for HEO.
H20 innovation will be announcing their fourth quarter and full fiscal year 2022 financials pre-market on Wednesday September 28th, 2022, and we believe investors may want to pay close attention to HEO’s upcoming financials because of the growth HEO displayed on its third quarter financials. For its third quarter, HEO reported revenues of $51.9 Million which was increase of $12.8 Million or 32.6% for the quarter compared to the same period ending March 31, 2021, and the company’s Adjusted EBITDA also saw an increase of 18.1%, from $4.5 Million to $5.3 Million. Recurring revenues also increased a whopping $11 Million from $32.3 Million to $43.3 Million. We believe HEO will continue to display impressive growth in the water market and with its growth over the years, investors looking to diversify and enter the water market may want to keep H2O Innovation on their radar for 2022-2023. For those wanting to attend in HEO’s upcoming conference call, investors may do so by calling 1-888-396-8049 on Wednesday September 28th at 10:00 AM.
Dominion Water Reserves Corp.
Dominion Water Reserves Corp. (CSE: DWR) is involved in the acquisition and consolidation of spring water assets in the province of Québec. On Thursday shares of DWR continued to rally as the company announced that it has made a $250,000 investment for the development of the company's esker water reserve, which is located in the Outaouais region of Québec, right across from Ottawa, and the 204-acre property is authorized for 1 Billion liters of annual extraction of fresh groundwater. DWR has water rights totaling over 3.3 Billion liters across 6 water sources namely, Duhamel which holds 2 billion liters, Notre-Damedu-Laus, St-Joseph de Coloraine, Sainte-Cécile-de-Whitton, Saint-Élie-de-Caxton and Source St-Siméon.
Also, in the news this week, Dominion Water has nominated Mr. Olivier Primeau, a serial entrepreneur and local celebrity who is known for starting several successful businesses such as Beach Club and Escapade music festival and most recently, BeachDay Every day, a ready-to-drink alcoholic beverage available in seltzer format and energy boosting versions. The BeachDay Everyday brand is growing in popularity as it shares shelf space in between big brands like Monster Beverages and Full Throttle Energy by Coca-Cola and the product is also available in all convenience stores in Québec such as Couche-Tard which is owned by Alimentation Couche-Tard (TSX: ATD). The photo below shows Mr. Primeau’s energy beverage company “BeachDay Everyday” in a local Couche-Tard in Québec.

The background of the new CEO is extremely interesting especially in the small cap sector and his new role as CEO of DWR is a big reason why DWR should be on your radar this year.
Shares of DWR have seen a huge rally on this week as Mr. Primeau joined the company, rallying 123% this week alone, and investors may see a turn around in the company with Mr.Primeau renewing hope in Dominion Water Reserves.

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