American Premium Water Corp.’s (OTC:HIPH) Announces Pre-Orders of LALPINA Hydrogen CBD
PLAYA VISTA., Calif., June 05, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC:HIPH) (“APWC”) announced that it has received in excess of a couple hundred thousand dollars in wholesale pre-orders for its LALPINA Hydrogen CBD product. The Company’s product is a front runner in the space as the only hydrogen infused CBD beverage available on the market. The CBD prototype debuted this past January. Based on overwhelming interest, the Company has started exploratory conversations about forming a JV to create a THC-infused hydrogen beverage to be sold in states where cannabis is legal.
“The Company is quite pleased with the market interest in our LALPINA Hydrogen CBD product. The demand is present across different retail channels and wholesale verticals. As more and more studies are released about CBD, there is greater demand in the marketplace for products. There is a lot more customer education out there as people are learning the difference between CBD Hemp and cannabis. CBD Hemp that has non-detectable THC is legal almost anywhere. The Company has a first to market advantage, and we look forward to capitalizing on our head start.” commented HIPH CEO Ryan Fishoff
The Company has been working with The Brewer Group (www.thebrewergroup.com) and CEO Jack Brewer to help recruit current and retired professional athletes to promote the LALPINA Hydrogen and LALPINA Hydrogen CBD beverages. Studies have shown that there are many potential health benefits from ingesting hydrogen infused products, including short term benefits to enhance workouts and aid in recovery. The Company is also working with Mr. Brewer on initiatives with current and former NFL players with the Company’s LALPINA Hydrogen CBD beverage. Mr. Brewer, a 6-year National Football League veteran and CBD proponent, has the network to assist the Company’s efforts to educate the public about the benefits of hydrogen and hydrogen infused CBD. Mr. Brewer was instrumental in getting LALPINA placed at events and parties at the Super Bowl in Minneapolis earlier this year. The Company and Mr. Brewer see the potential for CBD infused hydrogen to be an all-natural replacement for opioids, which would benefit retired players, whose struggle with opioid addiction has been well documented. And with the removal of CBD from the World Anti-Doping Agency’s list of banned substances, large scale CBD use by current athletes is not very far away.
“Working with Jack (Brewer) and the Brewer Group has been great for the Company. He has opened many doors for the Company, specifically in distribution and exposure. I am excited to work with all the athletes that are in his network to promote and educate the public on the benefits of hydrogen beverages and hydrogen CBD infused beverages. Incorporating retired and active athletes will be a game changer in my opinion, and I'm excited about all the content that Jack’s team will be creating to help us achieve this goal.” added Mr. Fishoff
Based on the demand that the Company has received for it’s hydrogen infused CBD beverage, the Company has had exploratory discussions about developing a THC infused hydrogen infused beverage. Developing a THC infused beverage would allow the Company to enter the exploding cannabis market. According to a research report published by Oristep Consulting, the global cannabis market in 2016 was valued at $12.67 billion and will reach $33.41 billion by 2022. In a report by Benzinga, Viridian Capital President Scott Greiper points out that the cannabis market received $1.23 billion investments in the first five weeks of 2018, up from $178 million during the same period in 2017. Adding distribution of THC infused products would allow the Company to access these investors and join other companies such as General Cannabis Corp (OTC:CANN), PotNetwork, Inc (OTC:POTN) , InMed Pharmaceuticals Inc. (OTC:IMLFF), Namaste Technologies Inc (OTC:NXTTF) & Kaya Holdings, Inc. (OTC:KAYS) that successfully capitalized on this growing market.
“The THC/Cannabis market has huge potential for us. Every year, more and more states are making this class of product legal. Hydrogen allows for better absorption through higher bioavailability. Utilizing hydrogen to deliver THC could be a create a unique, standalone product in the marketplace. We are in exploratory stages now on how the Company can enter the space. I want a piece of the THC/cannabis space; there is so much opportunity there. I will update our shareholders and the investment community as we have more developments in this area.” concluded Mr. Fishoff.
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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 by Alfred Culbreth, Founder /Director.
Disclaimer Regarding Forward Looking Statements
Certain statements in this press release, on American Premium Water Corporation’s (“APWC”) website and other oral and written statements made by APWC from time to time are “forward-looking statements”, as that term is defined in Section 27A of the United States Securities and Exchange Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, Forward-looking statements include, without limitation, statements regarding beliefs, objectives, intentions, goals, plans, strategies, financial projections, any other statements regarding the future and any statements that are not purely historical. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and APWC expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. All forward-looking statements, whether written or oral and whether made by or on behalf of the APWC, are expressly qualified by these cautionary statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. APWC’s expectations, beliefs and projections are expressed in good faith and are believed by the APWC to have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. A variety of factors, many of which are beyond APWC’s control affect APWC’s operations, performance, business strategy and results and could cause the actual results, performance or achievements of APWC to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For APWC, particular uncertainties arise, amongst others but not limited to and not in any order of importance, from (i) focusing on and allocating more resources on certain target markets (ii) the possibility to raise further equity and debt to fund future growth, (iii) changes in demand for APWC’s products, (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors, (v) changes in government changes in laws or regulations to which APWC or its suppliers are subject, including environmental laws and regulations relating to water or water sources and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.
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