American Premium Water Corp (OTCMKTS:HIPH) is soaring after an impressive distribution deal with Growpacker. The deal sent the stock up more than 30% at the time of writing and really offers HIPH a chance to greatly increase their footprint. Furthermore, the deal with Growpacker opens up the California cannabis market as the distributor has numerous retail partners in the state to showcase the company’s Lalpina CBD beverage.
HIPH CEO and Interim Chairman Ryan Fishoff, commented, “I am very excited to announce the Company’s agreement with Growpacker. This is a very big strategic agreement for the Company that provides us with large scale production capacity to fulfill the burgeoning demand for our product. Growpacker is a first-class company that has tremendous best of breed partners in the space…”
American Premium Water Corp (OTCMKTS:HIPH) bills itself as American Premium Water Corporation produces bottled water under the LALPINA brand name.
The company was formerly known as Expert Group Inc. and changed its name to American Premium Water Corporation in October 2013. American Premium Water Corporation is based in Playa Vista, California.
The company defines itself as 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), Gents, Worthy, and blockchain platform FashionCoinX (www.FashionCoinX.com).
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“This partnership gives us access to the world’s largest cannabis market. I believe that California alone will surpass Canada as far as consumption and revenue for cannabis. The Company now has the ability and the pipeline to distribute its THC infused beverage. Growpacker’s manufacturing capability will allow us to become the first to market with the nano-infused THC beverage which will give the Company a strategic advantage over the competition. Growpacker’s strategic partners also give us weight to help setup strategic distribution partnerships across the country and accelerate our sales plan. I see a seismic shift in the beverage industry as soft drink sales continue to plummet due to a more health conscious consumer demanding healthier beverages. LALPINA CBD is well positioned to fill the void, and our partners at Growpacker will be instrumental in executing,” Concluded Mr. Fishoff.
American Premium Water Corp (OTCMKTS:HIPH) has a market cap of 2.606M with volume cresting over 20M on average for the last 3 months. The entire market has momentum here and this distribution deal comes at a perfect time. Sign-up for continuing coverage on shares of $HIPH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $HIPH, either long or short, and we have not been compensated for this article.