American Premium Water Corp. (OTC:HIPH) Expands Distribution into the Southeast with Agreement with Florida Based Distributor

Rhea-AI Summary

American Premium Water Corporation (OTC: HIPH) has announced a distribution agreement with a Florida-based distributor, expanding its reach into the southeastern United States, targeting distribution in 500 stores by Q2 2022. This move aims to leverage Florida's booming CBD market, bolstered by growth in medical marijuana dispensaries and an increasing senior citizen population embracing CBD. The company plans to enhance its product offerings with new infused beverages. CEO Ryan Fishoff highlighted the strategic importance of this distribution agreement as a key initiative for the company’s growth.

Positive

• Entered a distribution agreement expanding into the southeastern US.
• Targeting distribution in 500 stores by Q2 2022, increasing potential revenue.
• Florida's CBD market is growing, enhanced by medical marijuana dispensaries.

Negative

• None.

PLAYA VISTA, California, Nov. 23, 2021 (GLOBE NEWSWIRE) -- The Company Is Looking to Continue to Expand Its Geographic Footprint As It Targets Distribution in 500 Stores by Q2 2022

via NewMediaWire – American Premium Water Corporation (OTC: HIPH) (the “Company”) announces that it has entered into an agreement with a Florida based distributor to encompass not only Florida but the southeastern United States region (Florida, Georgia, Alabama, Mississippi, and South Carolina).  The distributor will be working with the Company’s existing distribution network in the Northeast to coordinate deliveries and increase economies of scale.

The market for CBD and other hemp products in the Southeastern US has been well established, as Florida generated the 2nd highest amount of sales for CBD in 2019 according to Statista. With the growth of medical marijuana dispensaries, potential legalization, a sizable senior citizen demographic, and a growing population fueled by COVID relocations makes Florida combined with the surrounding southeast region a very attractive market for the Company to enter. 

Ryan Fishoff, CEO of American Premium Water, commented, “I am pleased to announce that the Company has entered into an agreement with a Florida-based distributor, giving the Company a homebase to expand into the entire Southeast region. The CBD market in this state is exploding, fueled by Florida’s rapid growth and the adoption by it’s high concentration of senior citizens embracing CBD as part of their fitness regime. Our products align with these demographic shifts, and I look forward to getting our CBD topicals and new infused beverages into the market very shortly. We are finalizing the flavor profiles for our new CBD infused beverages, and look forward to bringing them to market soon. This distribution agreement will increase the Company’s store count; I have laid out an ambitious goal to have Company products in 500 stores by the end of the 2nd quarter of 2022. With this agreement we have vastly increased our geographic footprint and potential store count. Distribution is one of the Company’s key initiatives moving forward. We are exploring all traditional and non-traditional distribution channels as evidenced by our announcement earlier this month of our agreement with NFT4Play. As the Company gets closer to the launch of its new nano CBD infused beverages, I will keep investors and the shareholder community apprised of new developments,” concluded Mr. Fishoff    

To learn more about American Premium Water Corporation, click this link to see the Company’s presentation at the Emerging Growth Conference and its recent television appearance on “New to the Street” featuring Company CEO Ryan Fishoff and COO David Howell

Shareholders and interested parties are encouraged to follow the Company’s Twitter account @AmericanPremium and CEO Ryan Fishoff @RyanFishoff on Twitter for future Company updates, which will include material information about the Company. 

About American Premium Water Corp.

American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health, beauty and biotech sectors. The company is focused on harnessing the powers of Nano technologies paired without cannabidiol (CBD) to treat health disorders and enhance quality of life. The company’s portfolio includes CaliBear (www.calibearlife.com) Vanexxe (www.vanexxe.com) plant + body essentials (www.plantbodyessentials.co).   

Safe Harbor Notice 

Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release.  Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

This press release is issued on behalf of the Board of Directors of American Premium Water Corporation.

Investor Relations
888-983-0044
info@americanpremiumwater.com

FAQ

What is the latest distribution strategy of American Premium Water Corporation (HIPH)?

American Premium Water Corporation has entered into a distribution agreement with a Florida-based distributor to expand into the southeastern United States, aiming for distribution in 500 stores by Q2 2022.

How is the CBD market trend affecting American Premium Water (HIPH)?

The CBD market in Florida is experiencing significant growth, which presents a favorable environment for American Premium Water to launch its products, especially targeting the senior citizen demographic.

What are the future plans for American Premium Water’s product offerings?

The company is finalizing flavor profiles for new CBD infused beverages, which they plan to launch soon following the distribution agreement.

When does American Premium Water Corporation expect to achieve its store distribution goal?

The company aims to have its products in 500 stores by the end of the second quarter of 2022.