American Premium Water Corp.
(HIPH) Announces California
Co-Packing Partnership with
Growpacker
The partnership with Growpacker would
allow the Company to get large scale
production and distribution for beverages
utilizing its proprietary CBD and THC
formulations.
Playa Vista, CA --
December 10, 2018 --
InvestorsHub NewsWire -- American Premium Water Corporation
(OTC:
HIPH) announces that it has entered into a letter of
intent with
the California based subsidiary of Growpacker,
Inc, (https://www.growpacker.com/) which
offers
local and international brands key services, such as manufacturing,
co-packing, and distribution for THC & CBD infused
products. Growpacker
will
provide these services for the Company; internal
LALPINA
CBD branded products as well as manufacturing and co-packing
for
white
label and co-branded products utilizing the Company's proprietary
CBD and THC formulations.
American Premium 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.."
Growpacker
Inc.
is a
Canadian based company, which through its American interest in GP
Holdings LLC, is engaged in expanding the ancillary side of the
California cannabis industry. Growpacker
recently
announced a partnership agreement
with InterContinental Beverage Capital ("IBC"), a New York-based
advisory and merchant banking firm whose
founders
and partners have held top executive positions with multiple
beverage companies, including MillerCoors, Coca-Cola, Red Bull,
Diageo, and Cadbury Schweppes. Growpacker
also
recently named Keith Villa as a
strategic advisor to the company. Mr. Villa
created
Americas number one selling craft beer through
Blue Moon
Brewing Company in 1995 as an operating unit of Coors Brewing
Company, which later became MillerCoors.
The partnership
between the Company and Growpacker
gives
immediate access to the California cannabis market.
BDS
Analytics estimates that sales of cannabis related
products could hit $3.7
billion by the end of 2018, and is
predicting that
number will reach $5.1 billion by 2019. Analysts at Cowen & Co.
believe the US
legal
cannabis industry could reach $50 billion by 2026, with California
accounting for about $25 billion of that market, according to CFN
Media Group. The Company will be
well positioned to access the country's largest cannabis market
as Growpacker
has
many cannabis
industry relationships
through
its strategic partners in the state that
will give the Company direct access to this $5 billion
market.
"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
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), Gents, Worthy, and
blockchain platform FashionCoinX
(www.FashionCoinX.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