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For Immediate Release: American Premium Water Corp (OTC: HIPH) Welcomes Legalization of Edibles Products in Canada; In Discussions for Distribution in Canada
For Immediate Release: American Premium Water Corp (OTC: HIPH) Welcomes Legalization of Edibles Products in Canada; In Discussions for Distribution in Canada.
About this update from American Premium Water Corporation
[{"type":"text","content":"\n PLAYA VISTA, CA, Oct. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Premium Water Corporation (OTC: HIPH) (“the Company”) welcomes the legalization of cannabis infused edibles and topicals in Canada. Edibles is a broad category that includes beverages, cotton candy, dissolvable strips, gummy candies or baked goods. The Company is seeking licensing and partnership opportunities for THC applications of its propriety hydro nano technology in the country. The Company is also engaged in discussions with distributors in Canada for its LALPINA CBD and LYNKS Pet CBD water.  American Premium Water Corporation CEO Ryan Fishoff stated “I applaud Canada for adding to its legalization program. That country has been a forerunner in the cannabis market and their progressive position has set the tone for the rest of the world to follow. It’s a very advanced market and its one that we intend to expand into as part of our international growth strategy. One year ago we announced that we had developed a THC prototype of our proprietary Hydro Nano formulation; with the full legalization of edibles across Canada, we are exploring ways to monetize this technology for THC applications in Canada through partnerships and licensing agreements. In addition, the Company is engaged in discussions with distributors in Canada to LALPINA CBD and LYNKS CBD Pet Water. We’re also exploring avenues to sell THC variations of our topical brands.” According to the Canadian Imperial Bank of Commerce (CIBC) analysts forecast, by 2020, the recreational Canadian cannabis industry will have a retail value of $6.8 billion, which is larger than the country’s hard liquor market and almost as large as its wine market. Deloitte estimates that overall cannabis sales for 2019 will surpass $7.17 billion in sales.   Outside of Canada, the Company has made a concerted effort to expand internationally. Earlier in 2019, the Company established operations in the UK, securing a two-container order for LALPINA CBD in the United Kingdom (UK). In addition, the Company entered into an agreement with Hanlons Brewery to produce CBD-infused beer. The Company also entered into an agreement with Lynne Franks to produce a line of CBD-infused women’s beauty and well being products. In addition to the UK, the Company...