American Premium Water Corp Announces LOI to Acquire CBD and THC Lifestyle Brands With Potential to Add Over Million in Revenue
25 January 2019 - 12:00AM
InvestorsHub NewsWire
American Premium Water Corp. (HIPH) Announces
LOI to Acquire Two CBD and THC Cosmetic
and Lifestyle Brands
The two brands Evoxe Laboratories and plant +
body essentials continue the Company's focus on acquiring brands
and technology in the CBD and cannabis space .
PLAYA VISTA, CA
-- January
24, 2018 --
InvestorsHub NewsWire -- American Premium Water Corporation
(OTC:
HIPH) announces that it has entered into a
letter of
intent to acquire a majority stake in Evoxe
Laboratories
(www.evoxelabs.com) and plant + body
essentials (www.plantbodyessentials.com). The transaction is
expected to close by the end of
February. The acquisition will be completed using restricted
preferred
stock.
American Premium CEO
Ryan Fishoff, commented, "I am excited
to
announce that the Company
has an LOI in place to
acquire Evoxe
Labs and
plant + body essentials. This was an opportunistic acquisition for
the Company. These are two consumer brands in CBD and cannabis
space that have a tremendous amount of growth potential.
Evoxe
has
already established itself as premium lifestyle brand in the
vaporizer
category;
plant + body is great natural CBD brand that will benefit from
being paired with the other cosmetic brands (Vanexxe
and
Prickly Pear) in the portfolio from a marketing and distribution
standpoint. Both brands fit
within with the Company's strategy to focus on consumer products
that utilize technology and formulations in the burgeoning CBD and
cannabis sectors. These brands will allow us to grow topline
revenue
by adding more product SKUs to sell along our existing products and
give us another entry point
into the growing dispensary market with the Evoxe
line,
which will lead to increase in shareholder
value."
Evoxe
Laboratories was
founded in 2013 with the idea that consumers should be able to
experience vaporizing in the most holistic way possible.
Evoxe's
signature
devices and blends are designed to provide the highest quality
vaporizing experience in the marketplace. plant + body
essentials was created to
establish a premium all natural topical CBD solution. The brand
offers various formulations
to relieve pain, treat chapped lips, and provide soothing solutions
utilizing all natural CBD harvested from the forests of
Colorado.
This acquisition comes a week after the Company announced that it had
received financing at a .40 valuation. The Company has had a busy
start to 2019, as it's LALPINA brand was a title sponsor of a Snoop
Dogg concert in New York City. The
brand is also sold in Come Back Daily, New
York City's first ever dedicated CBD store.
"The
Evoxe
brand is
a powerful one in the industry. One of the appealing aspects of
this acquisition is that the Company will
be exploring different avenues to leverage the
Evoxe
Laboratories
brand. It's a very strong
brand that can
be
expanded past the vaping category, and has
the potential to be used as the brand name
for the
CBD/cannabis technology that the
Company
is
accumulating.
Evoxe
product's
sub-brands also have lots of potential, and I am looking forward to
start working with the team to begin brainstorming ideas to grow
monetization." Commented Mr. Fishoff
"plant+ body
essentials is brand that has a
lot of potential. The Company is acquiring a brand that
has a great story and formulation. We are going to extract value
from it by amplifying the marketing, promotion, and distribution.
It's very complimentary to the other cosmetic brands in the
Company's portfolio with its lower price point and product
size. The brand's story
fits with the other brands as well, so I view it as something we
can sell on top of the what we will be selling with it.
The
logistics and selling will be housed and handled by the Canyon
Create team. This transaction is a
huge win for the Company, and one that I view has the potential to
add seven figures of yearly topline revenue. I am excited about
what they hold for us in the future and will update shareholders
accordingly as we progress to complete this transaction and begin
selling." Concluded Mr. Fishoff
About American
Premium Water Corp.
American Premium
Water (OTC:
HIPH) is 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),
LALPINA
Productions, LALPINA Records, Gents
(www.gentsco.com), Worthy, and
blockchain platform FashionCoinX
(www.FashionCoinX.com).
Safe Harbor
Notice
Certain statements
contained herein are "forward-looking statements" (as defined in
the Private Securities Litigation Reform Act of 1995). American
Premium Water Corporation cautions that statements made in this
news release constitute forward-looking statements and makes no
guarantee of future performance. Forward-looking statements are
based on estimates and opinions of management at the time
statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially from
current projections or implied results. American Premium Water
Corporation undertakes no obligation to revise these statements
following the date of this news release. Additional details of the
Company's business can be found in its public disclosures as a
reporting issuer under the Securities Exchange Act of 1934 filed
with the Securities and Exchange Commission's ("SEC") EDGAR
database.
This press release is
issued on behalf of the Board of Directors of American Premium
Water Corporation
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