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American Premium Water Corp. (HIPH) Announces LALPINA CBD To Be Sold With Fit Food Fresh, Florida’s Largest Prepared Meal Service
American Premium Water Corp. (HIPH) Announces LALPINA CBD To Be Sold With Fit Food Fresh, Florida’s Largest Prepared Meal Service.
About this update from American Premium Water Corporation
[{"type":"text","content":"The Company is in advanced negotiations to obtain structured financing to bolster the Company's balance sheetPLAYA VISTA, CA / ACCESSWIRE / November 26, 2018 / American Premium Water Corporation (OTC PINK: HIPH) announces that itsLALPINA CBD beverage will be sold with Fit Food Fresh (https://www.fitfoodfresh.com) in southern Florida along with its fresh prepared food plans. Fit Food Fresh, which is the highest rated food delivery program in South Florida, services customers Palm Beach, Dade, Browardand Martin counties, which,according the latest census figures, comprises 6,318,747 residents, the largest population concentration in Florida. American Premium CEO and Interim Chairman Ryan Fishoff, commented, "I am happy to announceLALPINA CBD will be sold in the Fit Food Fresh platform. This is a great partnership for the Company. Being in the Fit Food ecosystem, we will be able to directly connect with their captivehealth focused customer base that is a natural target for the CBD product. Not only is the Company hitting one ofit's core target markets (the greater-Miami area), we have a great partner that will provide us important analytics on buying patterns which will provide the Company critical data to improve the marketing of the product. I hope this partnership serves as the blueprint for future partnerships with regional and national fresh meal services."Fit Fresh Foods is part of the growing ready meals market, which, according to Research and Markets, is projected to reach $143 billion in market size by 2023, growing at a rate of 10.6% CAGR during the period. The industry is currently fragmented between regional and national players; ensuring fresh delivery ofperishable product is the biggest hurdle for regional players to expand nationally. Blue Apron (NYSE:APRN), the largest service nationwide service, generates roughly $715 Million in revenue. The Company is projecting that partnerships in the ready meals market like Fit Fresh could generate in excess of $500,000 in topline revenue for the Company."It has been a busy week since I got back from the MJBIZ conference. The partnership with Fit Food Fresh is the second significant distribution deal that the Company has closed in as many weeks (The Company announced on November 14th it will be featured in New York City's first ever CBD pop-up shop). The Company...