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$EPGG 0.05 ask !
Undervalued !
$GRWG GrowGeneration Launches B2B Platform on Amazon.com https://www.prnewswire.com/news-releases/growgeneration-launches-b2b-platform-on-amazoncom-300682734.html
$GRWG GrowGeneration Launches B2B Platform on Amazon.com https://www.prnewswire.com/news-releases/growgeneration-launches-b2b-platform-on-amazoncom-300682734.html
$GRWG GrowGeneration Launches B2B Platform on Amazon.com https://www.prnewswire.com/news-releases/growgeneration-launches-b2b-platform-on-amazoncom-300682734.html
3.91 x 3.94 right ...
$EPGG 0.05 ask now !
Up and green today
Merida Capital's Managing Partner, Mitch Baruchowitz, added, "While Merida Capital is impressed with the acceleration of GrowGen's organic growth and performance in 2017, we are even more excited at the sheer volume of high quality acquisition opportunities GrowGen has in the intermediate term. As one of the first investors in GrowGen, we remain confident in the incredible long-term prospects for this company."
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGeneration, said "With this additional capital, the company is setting 2018 revenue guidance at over $30 million. Several acquisitions are planned to close in the 1st and 2nd quarters of 2018. The Company's acquisition targets include hydroponic and cultivation supply operations in the New England and California markets and proprietary products for commercial growers. Merida Capital's continued support, along with our additional institutional investors, validates the Company's business model and its ability to attract high quality strategic capital."
Back in January $GRWG completed an offering of $9.0 million in convertible notes led by Merida Capital Partners, which increased its investment by an additional $2,000,000 of new capital in the Company. Navy Capital also participated in this round of financing. The oversubscribed convertible notes had a $3.00 per share convertible price, with each $250,000 noteholder receiving 37,500 warrants to purchase the Company's common stock.
About Gotham Green Partners:
Gotham Green Partners is a New York-based private equity firm focused on deploying capital into cannabis and cannabis-related enterprises on a global scale. The firm manages a diversified portfolio of investments and is actively investing across the cannabis value chain.
"We are excited to be a significant shareholder and partner to the GrowGen team," said Jason Adler, Managing Partner of GGP. "With a robust pipeline of accretive acquisitions, GrowGen is at an inflection point and is well-positioned to benefit from the anticipated growth in the markets that it serves. We look forward to assisting the Company in executing on strategic opportunities and accelerating its plans for future growth."
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen, said "With this additional capital, the Company now has over $17 million of cash on the balance sheet to execute on multiple acquisitions, with several planned to close in the 2nd and 3rd quarters of 2018. In addition to providing growth capital, GGP's position as one of the premiere private equity firms focused exclusively on cannabis will enable GrowGen to leverage GGP's network to source additional business opportunities and revenue streams. We are also pleased that our existing institutional investors, Merida Capital Partners and Navy Capital, are reinforcing their confidence in the company with additional capital commitments."
$GRWG recently announced that it has received $10 million from strategic investors, including a $7.5 million investment from Gotham Green Partners ("GGP"). GGP is a New York-based private equity firm focused on deploying capital into the emerging global cannabis industry. Cannabis investors Merida Capital Partners and Navy Capital also invested $1.5 million and $1.0 million, respectively.
The Company raised $1.2 million in equity capital through the issuance of common stock and the exercise of warrants and $9 million in convertible debt financing for the three-month period ended March 31, 2018.
As of March 31, 2018, the Company had working capital of $14.3 million compared to working capital of $5.6 million at December 31, 2017.
The Company had $8.8 million in cash and cash equivalents at March 31, 2018
Adjusted EBITDA for the quarter ended March 31, 2018 was $(366,945) compared to adjusted EBITDA of $(184,635) for the quarter ended March 31, 2017
The Company's current cash position is $18 million.
Revenue of $4.4 million, up 70% compared to revenue of $2.6 million for the 1st quarter of 2017
$HIPH Q1 financials showing quadruple digit growth in comparison to the same period last year, with a 7401% growth in sales.
$HIPH Gents subsidiary also launched its collaboration with the Showtime (VIA) drama “Billions”, making hats inspired by the show, including the official “Axe Capital” hat #billions @Showtime @SHO_Billions
$HIPH announced in March that it had begun distributing LALPINA hydrogen water at select GNC locations. $GNC
$HIPH have two acquisitions in the works, one in the apparel space, and one in the beverage space.
$HIPH Gents is carried in over 200 retail outlets internationally, including Bloomingdale’s (M), Nordstrom (JWN), and Saks Fifth Avenue (HBC). $JWN $M
$HIPH has been working with The Brewer Group (http://www.thebrewergroup.com ) since the end of 2017. Led by Ambassador Jack Brewer, a 6-year National Football League veteran, and current CNBC and Fox Business News contributor
$HIPH has acquired the license to operate FashionCoinX (www.fashioncoinx.com), an exchange utilizing blockchain technology that will provide fashion brands the ability to create their own security backed tokens which will provide special discounts, access to exclusive products, and other loyalty rewards to consumers. These tokens can be traded on the exchange, allowing for a real-time indication of a brand’s power.
Mr. Fishoff, added, “I’m confident that this collaboration will be the start of regular monthly collections and purchase orders. Gents has the creative and manufacturing capability to develop monthly drops for SoulCycle. This partnership and its potential growth will be the keystone of the Gents boutique fitness studio organic growth initiative. I see a huge opportunity to do private-label and collaborations for the thousands of studios nationwide.”
SoulCycle (www.soul-cycle.com), a subsidiary of Equinox Holdings, Inc., is a chain of fitness studios that feature 45-minute indoor cycling classes incorporating high-intensity cardio, muscle-sculpting strength training, and rhythm-based choreography. Founded in New York City in 2006, the chain has developed a massive following, expanding to 83 studios across the US and Canada. SoulCycle’s growth and popularity is partially attributed to the retail brand that they have created, introducing new collections on a monthly basis, further cementing the bond with its large community.
“I am real excited about this collaboration. This is something Gents has been working on for a long time. The Gents brand fits well with SoulCycle’s demographic, and it will expose the brand to a group of consumers whom otherwise might not be aware of it. Although we are traditionally a men’s brand, 35% of Gents customers are female, and this collaboration was designed with SoulCycle to have unisex appeal,” commented Ryan Fishoff, CEO of HIPH.
Back in March 2018, American Premium Water Corporation (OTC:HIPH) subsidiary Gents announced its first collaboration with the boutique fitness chain SoulCycle across all of its 83 studios.
Developing a THC infused beverage would allow the Company to enter the exploding cannabis market. According to a research report published ?by Oristep Consulting, the global cannabis market in 2016 was valued at $12.67 billion and will reach $33.41 billion by 2022.
There is a lot more customer education out there as people are learning the difference between CBD Hemp and cannabis. CBD Hemp that has non-detectable THC is legal almost anywhere. The Company has a first to market advantage, and we look forward to capitalizing on our head start.” commented HIPH CEO Ryan Fishoff
As more and more studies are released about CBD, there is greater demand in the marketplace for products.
The Company is quite pleased with the market interest in our LALPINA Hydrogen CBD product. The demand is present across different retail channels and wholesale verticals
The CBD prototype debuted this past January. Based on overwhelming interest, the Company has started exploratory conversations about forming a JV to create a THC-infused hydrogen beverage to be sold in states where cannabis is legal.
The Company’s product is a front runner in the space as the only hydrogen infused CBD beverage available on the market.
American Premium Water Corporation (OTC:HIPH) (“APWC”) announced that it has received in excess of a couple hundred thousand dollars in wholesale pre-orders for its LALPINA Hydrogen CBD product.
American Premium Water Corp.’s (OTC:HIPH) Announces Pre-Orders of LALPINA Hydrogen CBD Press Release | 06/05/2018