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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