Business
American Premium Water Corp. (HIPH) Announces Financing Arrangement at a .40 Valuation
American Premium Water Corp. (HIPH) Announces Financing Arrangement at a .40 Valuation.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC: HIPH) announces that it has entered into a financing agreement with an institutional investor at a $0.40 valuation, ten times the current market valuation. As part of the agreement, a substantial portion of the Company’s convertible debt will be retired. The retirement will be reflected in the Company’s 1st quarter 2019 financials.  Per terms of the agreement, the investor shall remain anonymous.\n American Premium CEO Ryan Fishoff, commented, “I am thrilled to announce that the Company has entered into this agreement at a 10x valuation! This is an affirmation of the Company’s business plan and the initiatives it has implemented over the past year. It’s a vote of confidence to the direction of the Company and we will continue to work hard to execute on the business plan to achieve the goals and benchmarks that I laid out for 2019.  There is still a tremendous of work to do, but we (the Company) are certainly emboldened by this financing agreement, which will give the Company the capital to implement its 2019 plan. This agreement also meets the Company’s goal to reduce convertible debt and strengthen the balance sheet. This is a win for the Company and our shareholders” 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 ...