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American Premium Water Corp. (OTC: HIPH) Announces Successful Development of CBD Infused Beer, Full Production and Distribution Scheduled
American Premium Water Corp. (OTC: HIPH) Announces Successful Development of CBD Infused Beer, Full Production and Distribution Scheduled.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nLONDON, May 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – American Premium Water Corporation (OTC: HIPH) (“APWC”) announces the successful development of a CBD infused beer with the Company’s proprietary Hydro Nano formulation, in partnership with Hanlons Brewery (www.hanlonsbrewery.com). The beer will go to market derived from Hanlon’s Citra IPA flavor and will initially be sold in bottle form to wholesalers before a wider rollout to pubs and restaurants. Rollout is expected by the end of next quarter.\n CEO American Premium Water Corporation, Ryan Fishoff commented, “I am excited to announce the successful development of CBD infused beer! This is a validation of the investment and work we have put into developing our proprietary Hydro Nano formulation. I tasted the beer myself, it was great, there is a great CBD experience, there was very minimal taste, and there were no visible particles. We are going to be working to bring this product to market as soon as possible, it’s a top priority for the team. This will be a successful product, and I look forward to working with the Hanlon’s team on coordinating a sales and marketing strategy that will not only help with distribution, but help with brand awareness and promote the Company’s mission to become the market leader for CBD-infused products globally.” According to Mordor Intelligence, the European beer market is estimated to be around $185 billion in annual dollar volume. Industry giants Constellation Brands, Molson Coors and Heineken have announced plans to manufacture non-alcoholic CBD and THC beers in North America. The Company’s partnership with Hanlon’s calls for the production of regular alcoholic beer infused with CBD. Export to the United States for distribution will also be explored. The partnership is projected to generate between $150,000 to $400,000 in annual revenue for the Company on a full year basis upon full launch of the product. Tanya Gullick, UK and Europe Managing Director for Business Development commented, “This is an exciting development for the Company. It was great to sample the beer personally and taste the progress we have made. Developing this beer was a huge achievement for the Company, but now we look to raise the bar and set goals for distribution. Getting this prod...