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American Premium Water Corp (OTC:HIPH) Announces August 29th as Launch Date for its New Pet CBD Water
American Premium Water Corp (OTC:HIPH) Announces August 29th as Launch Date for its New Pet CBD Water.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, CA, Aug. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Premium Water Corporation (OTC: HIPH) (“the Company”) announces that its Lynks Pet CBD Water, a joint venture with LinkRes Pets (OTC:LRSV) will be launched on August 29th, 2019.  The Company previously announced in July it would be launching on Singleseed.com. The Company is also in discussions with other pet retail outlets to distribute the product.  \n American Premium Water Corporation CEO Ryan Fishoff stated, “I’m happy to announce that the Company will be officially launching Lynks CBD Pet Water at the end of the month. This product will establish itself in the pet products sector. It is a very unique product that I believe will pick up traction real quick. There are very few pre-packaged waters designed for pets available in the marketplace, let alone infused with our proprietary Hydro Nano CBD technology. Beverages for pets has been an overlooked category in the pet space; I feel that Lynks Pet CBD will be not only create the market segment but also become the market leader. Sales of pet products infused with CBD have been growing exponentially in this industry; we are excited to be joining this growing category and look forward to generating additional revenues for the Company.”  The American Pet Products Association estimates that the US pet product industry will be worth over $75 billion in 2019. The Brightfield Group projects that CBD Pet Product Market will represent over $1.5 billion in sales of an estimated $23 billion CBD market by 2023. Pet owners are typically more affluent, as a research report by Research and Marketing estimates that over 55% of US households own a pet, and of that group, they are more likely to be in a higher income household than non-pet owners. The Company has received a number of shareholder inquiries over the past few weeks. There are currently no plans in the foreseeable future for any changes to the outstanding share structure, including a reverse split. In addition, the reason there was a discrepancy in 2017 and 2018 sales figures was a change in revenue recognition requirements that affected how revenue was booked from the Gents acquisition in September 2017. This combined with the original structure of that transaction necessitated the change. The C...