American Premium Water (OTC: HIPH) this morning announced its acquisition of proprietary technology including formulations infused with electrolyte energy, cannabidiol (“CBD”) and tetrahydrocannabinol (“THC”). Completed through the issuance of restricted stock, American Premium expects to boost its market share with these proprietary formulations that are based on the company’s hydro-nano technology utilized for its original CBD water beverage. The technology allows for an up to 90 percent higher absorption rate than any other beverage in its class, enabling rapid penetration of infused formulations into the cells through surpassing the bloodstream and creating a more immediate effect. The company intends to utilize the CBD formulation to create more potent beverages with 15-50mg of CBD, complementing its existing CBD beverage line that currently uses 3mg per 16.9oz bottle. The company intends to form a foothold in three categories and create distinct pillars of its LALPINA brand with the new formulations, including energy, CBD and THC. The acquisition also solves a number of logistical challenges the company previously faced in working with third-party manufacturers.
“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,” HIPH CEO Ryan Fishoff stated in the news release.
To view the full press release, visit http://ibn.fm/C6GOY
About American Premium Water Corp.
HIPH is a manufacturer, distributor, and marketer of branded consumer products. It currently markets and distributes products under LALPINA and Gents brands. Under the LALPINA brand, the company develops hydrogen-infused energy products. Currently, the product line includes – 1) LALPINA Hydrogen and 2) LALPINA Hydrogen CBD. Gents is a producer of luxury hats and other fine accessories and apparel. The brand is carried in over 200 retail outlets internationally, including Bloomingdale’s, Nordstrom, and Saks Fifth Avenue, among other boutiques and upscale retailers. For more information, visit the company’s website at www.AmericanPremiumWater.com
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