American Premium Water Corp. (OTC: HIPH) Announces Successful Development of CBD Infused Beer, Projected to Add Six-Figure
22 Mai 2019 - 2:00PM
InvestorsHub NewsWire
American Premium Water
Corp. (OTC:
HIPH)
Announces Successful Development of CBD
Infused Beer, Projected to Add Six-Figure
Revenue
The Company's
CEO Ryan Fishoff wraps up successful trip to England meeting
with distributors and partners in advance of first
delivery next month, reaffirms fiscal 2019 guidance
LONDON,
England,
United Kingdom -- May 22, 2019 -- InvestorsHub NewsWire
-- American Premium
Water Corporation (OTC:
HIPH) ("APWC") announces the successful
development of a CBD infused
beer with the Company's
proprietary Hydro Nano formulation, in partnership
with
Hanlons
Brewery
(www.hanlonsbrewery.com). The beer will go to
market derived from Hanlon's Citra IPA flavor and will initially be
sold in bottle form to wholesalers before a wider rollout to pubs
and restaurants. Rollout is expected by the end of next
quarter.
CEO American Premium
Water Corporation, Ryan Fishoff commented, "I am excited
to
announced
the
successful development of CBD infused beer!
This is a validation of the investment and work we have put into
developing our proprietary Hydro Nano formulation. I tasted the
beer myself, it was great, there is a
great CBD
experience,
there was very minimal taste, and there were no visible
particles. We are going to be
working to bring this product to market as soon as
possible,
it's a
top priority for the
team. This will be a
successful product, and I look forward to working with the Hanlon's
team on coordinating a sales and marketing strategy that will not
only help with distribution, but help with brand
awareness and promote the Company's mission to become the market
leader for CBD-infused products globally."
According to Mordor
Intelligence, the European beer
market is estimated to be around $185 billion in
annual
dollar volume. Industry giants
Constellation Brands, Molson Coors
and Heineken have
announced plans to manufacture non-alcoholic
CBD and
THC beers in North
America. The Company's
partnership with Hanlon's calls for the production of regular
alcoholic beer infused with
CBD. Export to the United
States for distribution will also be explored. The partnership is
projected to generate between $150,000 to
$400,000 in annual revenue for the Company on a full year basis
upon full launch of the product.
Tanya
Gullick,
UK and Europe Managing Director for Business Development commented,
"This is an exciting
development for the Company. It was
great to sample the beer personally and taste the progress we have
made. Developing this beer was a huge achievement for the Company,
but now we look to raise the bar and set goals for distribution.
Getting this product to market will help educate people about CBD
in the UK and it will also drive brand awareness for LALPINA,
contributing to our other brand initiatives as we concurrently
launch our other products. The CBD market in the UK is wide open;
we are pushing full-steam ahead to ensure that the Company is the
market leader in CBD products in the UK."
The visit to
Hanlons
was one
of the many highlights of
Mr. Fishoff's
trip to
the UK. The team also met with Lynne Franks and announced a partnership to
market and manufacture CBD infused women's beauty and
wellness
products.
Management also toured the Company's water production facility that
will begin fulfilment of orders, including the initial
two-container order. The executive team also met with other
distributors and partners discussing potential wide-ranging
relationships for the Company. The trip has
reaffirmed fiscal
guidance
for
fiscal year 2019 of $1 million
of
projected revenue.
"This was a very
successful trip. I had the pleasure of meeting Lynne Franks, who is
a true visionary for women's empowerment over here. I am excited to
work with her developing a new brand of CBD infused women's
wellness products that will form the market over here. It was great
seeing the water production facility, it has the capacity to meet
our needs, and has a first rate operations team. We
are
excited to kick off our initial order and build from there. The UK
does not have a lot of CBD infused beverages, and getting the
product to market in tandem with our other efforts will give the
Company a real first to market advantage that I feel will solidify
our standing as the premier CBD infused brand in the country. The
Company has been very diligent in developing its technology and
rolling out its product. We are doing things the right way, and
sometimes the right way is not the fastest way; all is being
designed to proper for long-term growth and the creation of
shareholder value. I look forward to coming back here soon, and
will keep shareholders informed of developments over here as they
happen." 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, Canyon Create
(www.canyoncreate.com),
Vanexxe
(www.vanexxe.com) and
Gents
(www.gentsco.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.
Contact
Information:
Media
Contact
Email: info@americanpremiumwater.com
+1(888)
983-0054
American Premium Water (PK) (USOTC:HIPH)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
American Premium Water (PK) (USOTC:HIPH)
Historical Stock Chart
Von Jan 2024 bis Jan 2025