On November 23, 2022, the Company changed its name to “Prime Drink Group Corp.” and its symbol on the Canadian Securities Exchange to “PRME”. This name change was done to reflect the Company’s intent of diversifying its investment portfolio beyond the water industry.
The Company’s primary business is the acquisition and management of natural spring water sources in North America, with an initial focus on the development of the Water Rights located in the Province of Quebec. By combining an acquisition program targeting long-term asset play with a recurring cash flow to reach a critical mass in terms of capacity and geography, and developing, with a focus on prioritizing sustainability and environmental consciousness, groundwater collection, water withdrawal and water pumping for the purpose of selling or distributing spring water, the Company’s goal is securing a leadership role in North America’s spring water market. The Water Rights and Additional Water Rights represent access to over 3 billion liters of spring water per year.