While American Premium Water Corp (OTCMKTS:HIPH) has been something less than a successful performer in the cannabis and related space in recent years, we would be remiss if we did not note its strong close and bounce on Friday. This is one to watch given its extremely poor sentiment in the course of recent action. To further flesh out the story, the company just announced that it has entered into a partnership with Upside Health’s product Ouchie, (www.ouchie.com) a pain management app and platform targeting the over 120 million Americans who live with chronic pain.
According to the release, “Ouchie’s goal is to empower patients to address pain management through various methods, including new treatments like cannabidiol (CBD) and tetrahydrocannabinol (THC). LALPINA CBD will be offered for sale on the platform, as part of the regimens utilizing CBD. Additionally, the product’s efficacy and impact will be tracked on the platform to further enhance innovation efforts.”
American Premium Water Corp (OTCMKTS:HIPH) bills itself as American Premium Water Corporation produces bottled water under the LALPINA brand name.
The company was formerly known as Expert Group Inc. and changed its name to American Premium Water Corporation in October 2013. American Premium Water Corporation is based in Playa Vista, California.
The company defines itself as a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of hydrogen and Nano technologies paired with cannabidiol (CBD) to treat health disorders and enhance quality of life.
This business model aims to market emerging fashion brands by leveraging classic retail partners and incorporating disruptive blockchain technologies to expand the retail footprint. The company’s portfolio includes the LALPINA Hydro and LALPINA Hydro CBD brands (www.LalpinaInc.com), Gents, Worthy, and blockchain platform FashionCoinX (www.FashionCoinX.com).
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As noted above, HIPH just announced that it has entered into a partnership with Upside Health’s product Ouchie, (www.ouchie.com) a pain management app and platform targeting the over 120 million Americans who live with chronic pain.
HIPH has responded well, rallying about 17% over the past five days, with this news clearly driving the action. Furthermore, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running 57% above the average volume levels in play in this stock over the longer term.
American Premium CEO and Interim Chairman Ryan Fishoff, commented, “I am happy to announce the start of our partnership with Ouchie. Chronic pain affects almost 1 out of every 2 Americans. Traditional medications have fallen short of creating an effective solution for these patients. I believe CBD, and the Company’s LALPINA CBD beverage can be part of the pain solution for these patients. This partnership is the first of many that I envision within the healthcare space that will utilize our CBD products as part of a comprehensive plan that will be more effective than current methods.”
American Premium Water Corp (OTCMKTS:HIPH) generated sales of $59K, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of -25.2% on the top line. Sign-up for continuing coverage on shares of $HIPH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $HIPH, either long or short, and we have not been compensated for this article.