American Premium Water CorporationHIPH, +51.52% the marketer and distributor of the first hydro-nano CBD infused beverage on the market, is another company in the CBD space that has been linked to a larger, established beverage company. It was reported that American Premium Water's CEO had met with National Beverage CorporationFIZZ, -1.28% the manufacturer and distributer of various beverage brands, including the premium carbonated brand LaCroix, to discuss a potential partnership or minority investment. This would make a lot of sense for National Beverage, whom has also been besieged by its own scandal involving arsenic with its signature brand LaCroix. American Premium Water announced that it acquired proprietary CBD hydro-nano formulations which National Beverage could utilize for its line of beverages, including LaCroix. An entry into the burgeoning CBD space would re-invigorate the company, and they would be able to scale very quickly their wide distribution network a CBD infused beverage where there is a lot of thirst for product.
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https://www.marketwatch.com/press-release/breaking-news-passage-of-2018-farm-bill-could-lead-to-a-flurry-of-ma-activity-in-cbd-sector-with-established-players-2018-12-17
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