This could be a big week for HIPH and other stocks in the quickly growing CBD products sector.
UPDATE -- Breaking News: Cannabis Stocks Green with Huge Gains While Rest of Market Red!
Canada to Legalize Cannabis October 17th; Huge Growth in Sector While Uncertainty Permeates Market
NEW YORK, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary
With Canada moving closer to fully legalizing Cannabis on October 17th, investors are intensely watching the sector. It has been reported in Medium that Walmart Inc, will be the first major retailer to carry CBD infused beverages. Many other Fortune 500 US companies in the alcohol and beverage industry have taken interest in the growth potential of Canada's burgeoning marijuana industry and the untapped potential in the US market. While these companies ponder entering the market or making an acquisition of a company in the space, there are many existing public companies in the sector that could benefit from the legalization, and their stock prices have reflected such. Here are a few companies that have bucked the market trend and have benefited over the past week.
New Age Beverage the manufacturer and marketer of various beverages such as coconut water, energy drinks, and iced tea has seen its share prices skyrocket as much as 575% on the company’s announcement that it will be launching a CBD-infused beverage line. There has also been rampant speculation that Coca Cola is in talks with the company for a joint venture, investment, or take-over offer.
Youngevity International, Inc a omni-direct lifestyle company, with products in the coffee and water space, announced that it has entered into the CBD space with announced launch of its HEMPFX line starting out with two new hemp-derived cannabidiol products. The company’s stock rose over 40% to hit a 52-week high ($10.93) on the news, and was recently given a $36.00 price target by Seeking Alpha.
Puration, Inc, the manufacturer of sports nutrition drink, recently announced its intention to develop a CBD infused variation. The investment community has reacted well to the news, and earlier this week, Goldman Small Cap Research issued an updated research report that gave the company a target price-per-share of $0.25. Since the report was issued, Puration’s shares have risen as much as 100% over the past week.
American Premium Water Corporation (HIPH-OLD) (OTC: HIPH) a luxury consumer products company, which launched its CBD beverage at the end of August, has rocketed over 500% since the launch. The company which has the only hydro-nano CBD product on the market, announced a distribution agreement with SinglePoint, Inc to distribute the product. Earlier this week, SeeThruEquity raised upwards its price target to $0.30 for the company, which saw its stock rise over 30% after the release.
In this uncertain market, there is one thing that is certain, Cannabis stocks are trending green. The legalization in Canada next week should only increase these company’s valuations, and as big box retailers like WalMart look to capture the revenue, there are many companies that are positioned to benefit from the legalization efforts.
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Coverage Initiated for American Premium Water Corp. (HIPH) via NetworkNewsWire
8:30 am ET October 16, 2018 (Globe Newswire)
via NetworkWire -- American Premium Water Corp. (OTC: HIPH), a diversified manufacturer, distributor and marketer of branded lifestyle consumer products, such as LALPINA Hydro CBD, the first hydro-nano CBD-infused beverage on the market, announces it has selected the corporate communications expertise of NetworkNewsWire ("NNW").
HIPH, the acronym for "Hi-Power of Hydro," maintains a portfolio of subsidiaries that cater to the health-conscious consumer and luxury fashion brand connoisseur. The company's two main pillars focus on the development of health and beauty biotech, dedicated to unlocking the power of hydro and nano-technologies. Paired with cannabidiol or "CBD," this groundbreaking technology has the potential to be a significant health and wellness option for astute consumers.
NetworkNewsWire is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. NNW's strategies help public and private organizations find their voice and build market visibility. As part of the Client-Partner relationship with American Premium, NNW will leverage its investor-based distribution network of over 5,000 key syndication outlets, various newsletters, social media channels, blogs, and other outreach tools to generate greater brand awareness for the company.
"American Premium has an exciting portfolio of brands that currently target the increasing consumer appetite for CBD-infused beverages," states Sherri Franklin, Director of Client Solutions for NNW. "As the company advances LALPINA Hydro CBD, we will execute a corporate communications campaign that will place its strategy and accomplishments in front of the investment community."
About American Premium Water American Premium Water (OTC: HIPH), based in Playa Vista, California, is a holding company that maintains a portfolio of subsidiaries, including LALPINA HYDRO, LALPINA HYDRO CBD, Gents, Worthy, and FashionCoinX. The company recently launched its CBD beverage, LALPINA Hydro CBD. The product is the first of its kind on the market, employing advanced hydro-nano technology which mixes hydro and encapsulates the CBD with nano technology. LALPINA turns the CBD molecule into a water-soluble compound which increases its bioavailability and delivery to the body's cells and tissues, enabling up to 90 percent higher absorption rates than traditional CBD water. Raising the awareness level of LALPINA Hydro CBD to a broader audience, the company recently inked a distribution agreement for its subsidiary to sell its beverages to two SinglePoint, Inc. (OTCQB: SING) e-commerce channels (http://nnw.fm/Gprh1). For more information, visit the company's website at http://www.AmericanPremiumWater.com
About NetworkNewsWire NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit: https://www.NetworkNewsWire.com. Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.
Forward-Looking Statements This release contains 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, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Corporate Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office
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