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American Premium Water Corp (OTC:HIPH) Positions Itself for Opportunities in CBD Sector in Advance of FDA Guidance on CBD
American Premium Water Corp (OTC:HIPH) Positions Itself for Opportunities in CBD Sector in Advance of FDA Guidance on CBD.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, CA, Aug. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Premium Water Corporation (OTC: HIPH) (“the Company”) announces that as the Food and Drug Administration (FDA) prepares to release its much anticipated framework for the consumer CBD market place in the coming weeks, the Company is taking proactive measures to prepare for any changes to the current landscape. These measures are in addition to the Company’s efforts to diversify through acquisition and investment in products outside of the beverage space, including topicals, balms, cosmetics, and technical applications like Vanexxe, which does not contain CBD. The Company is looking to get ahead of the curve so that it is prepared to meet the demands of all retailers when clear guidelines are issued, positioning the Company to be ahead of its peers and competitors in providing the best infused products that satisfy the needs of all retailers and partners.  \n The Company has had a longstanding relationship with the law firm of Waller Landsden Dortch and Davis LLP (www.wallerlaw.com) (“Waller”), which has worked with the Company since 2018 on its regulatory filings. The firm has had extensive experience working with public companies in the cannabis space. They will assist the Company in any upcoming regulatory and compliance requirements within the CBD consumer retail market. Once any framework is announced, the Company is confident it will be ahead of the curve in adhering to any new disclosure requirements or requirements for the retail consumer market by having done this work with its legal team already in place. American Premium Water Corporation CEO Ryan Fishoff commented, “The Company is being proactive to be ahead of the curve. Based on what we are seeing across the landscape, the Company is taking steps in insure that it has covered all its bases. Waller has been a great resource for us and they will continue to help guide us through this unchartered terrain. Part of our business plan has been to diversify into multiple product categories, and big box retailers like CVS and Walgreens have been embracing CBD-infused cosmetics and topicals more than infused beverages. The Company has also made investment on geographic expansion, most notably in the UK, where we have had success finding distributors, forgi...