American Premium
Water Corp.
(HIPH) Announces
Acquisition of Proprietary CBD and
THC Technology
Company remains focused on acquiring more
CBD-related technology while expanding
its beverage offerings
Playa Vista, CA
-- November
1,
2018 -- InvestosHub
NewsWire -- American Premium
Water Corporation (OTC
Pink:
HIPH) (the
"Company") announces
it
has acquired
proprietary
"Hydro-Nano"
Energy,
CBD and THC-Cannabis infusion
formulations. After months of negotiations, the Company has
acquired proprietary infusion
formulation technology that will boost its market share by allowing
its product stand above any current or future competition.
The
transaction was completed with the
issuance
of restricted stock (with a minimum one year holding
period)
This proprietary
technology, which can be
described as "Hydro-Nano" formulations, are infused with
electrolyte energy, cannabidiol (CBD) and tetrahydrocannabinol
(THC), which
will give
the Company a strategic and competitive advantage.
These
proprietary formulations are based on the
hydro-nano
technology that the
Company has utilized for its original CBD water
beverage, which
allow for
an absorption rate that is up to 90%
higher
than
any
other beverage
in its
class, enabling the
infused
formulations to immediately
penetrate
into the cells,
by
surpassing the
bloodstream and
creating
a more immediate effect.
The Company is
planning on utilizing the CBD formulation to create stronger, more
potent beverages, utilizing 15-50mg of CBD, which will complement
its existing CBD beverage
line
which currently uses
3mg per
16.9oz bottle. These formulations
give the Company a foothold in three distinct categories: energy,
CBD and THC. These categories will be the three pillars of the
LALPINA brand going forward.
Historically,
the
Company had been working with
third-party manufacturers, which created
a number
of logistical
challenges,
and
exposed
the
Company to
potentially
compromising positions.
Now,
with this
new technology, the Company
will be
immediately distinguished from its
competitors, and hold a much
brighter future.
"This acquisition is a
gamechanger for us, as we expect it to
propel the Company
to new
levels in the CBD infused beverage space, create a new category
in the THC infused space, while driving
shareholder
value, through the sale of
premium, uncompromised products, which
has
always been our primary
objective."
stated
American
Premium Water Corporation CEO
Ryan
Fishoff.
"This acquisition is
the first of the CBD/cannabis-related acquisitions that the Company
has previously announced. The way the industry is moving, one thing
has become apparent to me; The technology that a company has is
only as good as the marketing, branding,
and
distribution behind it. This Company excels in these
areas; LALPINA has over 1
million followers on social media and several engaged
distribution partners. This acquisition
and the ones in the pipeline will
address the "technology gap," which should take the Company to the
next level. This acquisition
alone could translate into tens of
millions
of dollars in annual topline sales. In addition, having the
technology will open many different licensing opportunities to the
Company, both domestically and internationally. In the coming
weeks, the Company will
roll out its larger
strategy for the space as it provides more updates on ongoing
discussions regarding
the other
transactions," stated Mr.
Fishoff.
With the legalization
of cannabis
in
Canada and further
legalization measures
on the
ballot for four states in next
week's election, the Company is
actively pursuing distribution agreements for both
of
its CBD and THC
beverages
in the Canadian
and
U.S. markets.
According
to Arcview
Market
Research and its research partner BDS Analytics,
spending
on legal cannabis worldwide is expected to hit $57 billion by
2027, with $47 billion
coming from North America, representing 82% of the total worldwide
market. According to
Statista, the
U.S. beverage
market, including alcoholic
and non-alcoholic beverages, is $330 billion for
the present year.
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 block chain 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).
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
Corporate
Communications Contact:
NetworkNewsWire
(NNW)
New York,
New York
www.NetworkNewsWire.com
212.418.1217
Office
Editor@NetworkNewsWire.com