American Premium Water Corporation (OTC: HIPH) Announces Joint Venture with CBD Pet Product Manufacturer LinkRes Pets
May 01 2019 - 8:30AM
InvestorsHub NewsWire
American Premium Water
Corporation (OTC:
HIPH) Announces
Joint Venture with CBD Pet Product Manufacturer
LinkRes Pets (OTC:
LRSV) to Produce CBD Pet Water
The Company enters $75
billion pet industry with the JV agreement
PLAYA VISTA, CA
-- May 1, 2019 -- InvestorsHub NewsWire -- American Premium
Water Corporation (OTC:
HIPH) ("the
Company") announces that it has
entered into an
letter of
intent (LOI) with Link Reservation, Inc
(OTC:
LRSV)
to form a joint-venture
(JV) to
produce
a CBD-infused water
specifically designed for consumption by household
pets. This product
will be
the first pet CBD
beverage on the market.
It will
be sold under the LinkRes
Pet
brand "powered
by" LALPINA CBD. The
product is expected to be released in 2019.
CEO American Premium
Water Corporation, Ryan Fishoff
commented, "I am excited to
announce this joint venture with LinkRes
Pets to
produce the first CBD-beverage for pets! The consumer market is
huge, and there are many studies that have
shown
how pet
health can benefit from consumption of CBD. This is a great
partnership for the Company. We will be providing our
proprietary Hydro-Nano
formulation to be used in the manufacture of the product by
LinkRes.
They will handle logistics and distribution; while the Company will
assist with marketing. This partnership will provide great exposure
for the LALPINA CBD brand. Every pet owner is also a
potential
customer for our LALPINA CBD water.
Pet
owners statistically are more affluent than non-pet owners;
co-branding with LinkRes
will
bring
additional exposure
to our
Company
to
a very captive consumer
base."
Rene
Lauritsen,
President and CEO of LinkRes
Pets
commented,
"
It is great to partner
with a company like American Premium Water Corp. Their Hydro Nano
technology is very advanced in the marketplace
that is backed with
scientific data,
which
aligns
with the LinkRes
brand.
Co-branding
with the LALPINA
CBD is the key
element
that will
be essential for a successful
launch creating
this
brand new product category (Pet CBD
Beverages). This partnership will be very impactful for
LinkRes
Pets,
and I look forward to working with Ryan and his team in the
coming months developing this product."
LinkRes
Pets
(www.linkrespet.com) produces CBD products
specifically tailored for cats, dogs and
horses. LinkRes
current
product offering is exclusively CBD oil. The partnership with
American Premium Water would be their first product outside of CBD
oil. The American Pet Products
Association estimates that the US pet product industry will be
worth over $75 billion in 2019. New Frontier Data projects that the
CBD Pet Product Market will reach $125 million in sales by 2022.
And according to a report by Research and Marketing,
over 55%
of US households own a pet, and are more likely to be in a higher
income household than non-pet owners. Currently,
Charlotte's Web Holdings (OTC: CWBHF),
the market leader in CBD products does not offer a pet CBD
beverage, nor does Puration,
Inc
(OTC: PURA), one
of the market leaders of CBD water.
"There is a huge
opportunity with this partnership. Currently there are no pet CBD
beverages on the market, and the pet beverage market
itself
is
very
limited
and
underdeveloped. We are going to
be starting out with a
huge head start. This product has the potential to add $1-3 million
dollars of incremental revenue to the P&L once
full
distribution is
reached. This partnership is
an example of how
the
Company's IP and technology acquisition strategy
is
paying
dividends. The Company is
leveraging
its
proprietary
Hydro-Nano formulation to generate
incremental revenue. The Company will
continue to seek partnership opportunities in new categories,
similar to our partnership with Hanlon's Brewery in the UK. We are
currently engaged
in
discussions with other potential partners about leveraging the
Company's technology into new product
categories
and
applications. I look forward to
providing shareholders with updates on these conversations when
developments are ready to share." concluded Mr.
Fishoff.
For more information
contact info@americanpremiumwater.com
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), LALPINA
Productions, LALPINA Records, Canyon Create
(www.canyoncreate.com),
Vanexxe
(www.vanexxe.com)
Gents
(www.gentsco.com), 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.
Contact
Information:
Media
Contact
Email: info@americanpremiumwater.com
+1(888)
983-0054
Link Reservations (PK) (USOTC:LRSV)
Historical Stock Chart
From Jul 2024 to Aug 2024
Link Reservations (PK) (USOTC:LRSV)
Historical Stock Chart
From Aug 2023 to Aug 2024