SeeThru Equity Announces Increased Target for American Premium Water Corporation (OTC:HIPH)
October 10 2018 - 9:30AM
InvestorsHub NewsWire
SeeThru Equity
Announces Increased Target for American Premium Water Corporation
(OTC:HIPH)
Playa Vista, CA --
October 10, 2018 -- Investorshub NewsWire -- American Premium Water
Corporation (OTC
Pink: HIPH) (the “Company”) announces that SeeThruEquity
has revised upwards its initial price target for the Company from
$0.15 to a revised target price of $0.30, with the report
adding, "intriguing speculative growth company, targeting
large consumer opportunities… with the launch of LALPINA Hydro CBD
and its subsequent ecommerce distribution announcements with
SingleSeed.com and DIGSHydro.com, subsidiaries of SinglePoint, Inc
(OTC:
SING), as well as strategic deals expanding the company’s
presence in the luxury consumer
markets.”
Ryan Fishoff, American
Premium Water CEO, commented, “Having American
Premium’s price target revised upward by SeeThruEquity is a
validation of management’s current plan. Over the past year, HIPH
has transformed, entered one of the fastest growing sectors of the
American economy (CBD), significantly reduced debt levels, made
strategic acquisitions, entered into substantial distribution
agreements, and, most importantly, positioned itself for
substantial growth. The Company welcomes SeeThruEquity's
continued research coverage and looks forward to supplying its
analysts with more developments as we continue achieving our
business plan targets in the near
future.”
SeeThruEquity analysts
have placed a price target on HIPH common shares at $0.30,
which represents a potential upside of 471.4% from the recent
price of $0.0525 on Oct. 9, 2018. In the
report, the firm further outlines expectations for the Company, as
the launch of its CBD beverage enables HIPH to enter the large and
rapidly growing CBD market, which, in the U.S., generated sales of
$820 million in 2017 and is projected to grow at a compounded rate
of 54% to reach $3 billion by 2020, according to Greenware
Advisors. The firm also highlights potential growth on the pharma
side, as HIPH is optimistic it will benefit from the recent
DEA action removing CBD as Schedule 1 drug when there is 0.1% or
less trace amounts of THC. Such products will now be classified as
Schedule 5 drugs, as long as the medications have been approved by
the FDA. While LALPINA Hydro CBD is not FDA-approved, it contains
non-detectable amounts of THC, and HIPH may now be in a position to
explore partnerships for medical applications of a formulation of
its product. The full report can be viewed
at http://www.seethruequity.com.
“Management and the
Company share SeeThru’s belief that the CBD market presents a
tremendous growth opportunity. As I’ve said before, I believe HIPH
has the combination of a unique product like LALPINA Hydro CBD,
which is the only hydro-nano CBD product on the market, and the
proven ability to successfully market a beverage brand that will
separate the Company from others in the short and long term”.
American Premium Water
Corp. is the public holding trading company that owns LALPINA
HYDRO, LALPINA HYDRO CBD, Gents, Worthy and
FashionCoinX.
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
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