American Premium Water Corporation (OTC:HIPH) is involved with the marketing and production of high alkaline water bottled in glass. Alkaline water is essentially water with a higher pH level than most, which has been hyped up by the “healthy” market as being beneficial to health.
American Premium Water Corp. offers their product through their label family, L’ALPINA, which comes in various pH levels. All water is bottled in glass to create a higher-end look to the product, as the product is utilized frequently though the companies “various contract with high-end restaurants.”
In a press release on Tuesday, August 21, 2018, American Premium Water Corp. announced a strong end the first 6 months of this year. Specifically, the company increased revenue year-over-year by 5023% and reduced current liabilities by about 40%.
CEO Ryan Fishoff said the growth came from “the launch of Gents ‘Axe Capital’ hats as part of its licensing arrangement with Showtime Networks.” Additionally, Fishoff noted that the decrease in liability was “due to forgiveness, and none of these liabilities were converted into free trading shares.”
American Premium Water Corp. also spoke more on their L’ALPINA Hydro CBD beverage that they plan to have for sale on August 27th of this year. The L”ALPINA Hydro CBD is a drink that infuses Cannabidiol from the Cannabis plant into the beverage. Cannabidiol is the non-psychoactive part of the Cannabis plant that has 1000s of uses and applications such as treating epilepsy or other neurological disorders.
This move into the Cannabis-infused product sector can prove to provide a lot of opportunity for American Premium Water Corp. if they position themselves right. Currently the CBD market is just a fraction of the entire Cannabis market, with the industry sitting around $1 billion today, and predicted to hit $3 billion by 2020.