American Premium Water Corp (OTCMKTS:HIPH) has started to bounce back after a slump in February. Earlier this month, HIPH announced it would be selling its flagship CBD water in GNC and now the company will be working with a brewery for a cannabis-infused beer. According to the press release, HIPH will begin testing immediately on the combination of their proprietary hydro-nano CBD formulation with Hanlons’s beer, with commercial sale to be determined at a later date.
CEO of American Premium Water Corporation, Ryan Fishoff commented, “I am excited to announce that the Company has entered to an agreement with Hanlons brewery in the UK. This is a very exciting partnership that provides numerous possibilities for monetization, and brand recognition on the European continent. The liquor and beer industry has been very fascinated with the introduction of CBD into the market, and this partnership affords us the opportunity to step into the discussion with the larger players in the market. We’re going to begin experimenting with the process of combining beer and the CBD formulations immediately. The goal will be to have a product available for commercial sale as soon as possible. I will keep shareholders abreast when there are developments on bringing the product to market.”
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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For HIPH, LALPINA CBD will be available for sale at two southern California locations. This kind of deal is reminiscent of the company’s trial rollout with Fit Food Fresh.
Fishoff commented, “I am thrilled to announce that LALPINA CBD will be available for sale at GNC. This has the potential to be an anchor account for us going forward. These locations are within one of our core target markets (Los Angeles), and am confident that the product will be well received, which should open the door for other locations in the Los Angeles area, all over California, and other states and cities nationwide.”
Overall, all this good news has not really lifted HIPH out of the muck as he stock is still down around 11% over the last 90 days.
HIPH has a market capitalization of $2.614M and total cash of 96.39k with debt above $400k. The stock really needs to show some serious sales here or this stock really does not have much of a ceiling. We will be updating readers as soon as more color comes out on the name. 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.