American Premium Water Corp. (OTC: HIPH) this morning announced its entry into a strategic agreement with Canna Nano to produce and bring to market nano-infused cannabidiol (“CBD”) water. Under the agreement, the company will begin selling the product through all of its distribution channels. Additionally, HIPH and Canna Nano are participating in advanced discussions regarding a long-term partnership, as well as potential acquisition structures of Canna Nano by American Premium.
HIPH CEO Ryan Fishoff stated in the news release, “Canna Nano has a robust distribution network across the country, and it will complement the geographic focus markets American Premium is in the process of building out. This collaboration is just the first step in the Company’s growth strategy, including the development of more CBD- and THC-infused beverages. This collaboration will not only generate revenue for the Company, but it will also streamline our fulfillment, optimizing for a high level of efficiency for our customers. Canna Nano will be an instrumental part of our strategy going forward from a distribution and acquisition perspective. In addition to the discussions I have previously mentioned, we have been in talks with them for many months about a long-term partnership, and I am optimistic a structure will be created that will benefit both companies for the long term. As things develop and progress, I look forward to providing updates to the Company’s shareholders.”
To view the press release, visit http://nnw.fm/RwZ0N
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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