American Premium Water Corp (OTCMKTS:HIPH) has started bottoming out, after feeling the full force of short sellers in recent weeks. The stock has bounced back after a 50% pullback, as investors take note of a string of positive developments that reaffirm growth metrics.
Upward Momentum Catalysts
For starters, the company is fresh from reiterating a Wholesale sales strategy after the launch of a strategic collaboration with Canna Nano. The company has also confirmed a strategic license agreement with Canyon Create Corp as it continues to explore ways of expanding its footprint in the multi-billion sector.A confirmation that LALPINA CBD beverage will be sold in one of Florida is largest prepared meals market is yet another milestone achievement. The passing of Farm Bill is another development that could open a cannabis cosmetics industry for the company, presenting yet another opportunity for growth.
American Premium Water Price Analysis
A closer look of the recent development it does not come as a surprise that American Premium Water Corporation has rallied by more than 100% in recent weeks. After plunging to the $0.02 mark, the stock has bounced back to the $0.04 handle. HIPH Daily ChartA closer look at the chart above, it is clear that the stock needs to rise and stabilize above the $0.05 mark to have any chance of bouncing back to this year’s highs. Above the $0.05 mark, bulls could come in and push the stock back to the $0.10 handle. On the downside, sell-offs face immediate support at the $0.02, below which the stock remains susceptible to further declines.
Why Does American Premium Water Corporation Do?
American Premium Water Corporation casts itself as a diversified luxury consumer Products Company focused on businesses in the health and beauty sector. Its flagship product is bottled water under the LALPINA brand name.American Premium Water Corporation sentiments appear to have inched a notch higher on the company signing a strategic partnership with Upside’s Health’s Ouchie. A deal with the pain management app and platform paves the way for the company to target more than 120 million Americans struggling with chronic pain.Under the terms of the agreement American Premium Water Corporation’s, lead product LALPINA CBD is to be offered on the sales platform.
“This partnership will allow us to directly target a captive audience that may not be aware of the many medical benefits of CBD. Our partnership with Ouchie is in line with our goal to have a multi-layered distribution approach,” said CEO, CEO and Interim Chairman Ryan Fishoff.
In addition to the Ouchie deal, American Premium Water has also confirmed that the LALPINA CBD beverage will be sold at Fit Food Fresh in Florida. The agreement paves the way for the company to connect with a captive health-focused customer base.Fit Food Fresh is the highest rated food delivery program in South Florida
“Not only is the Company hitting one of its core target markets (the greater-Miami area), we have a great partner that will provide us important analytics on buying patterns which will provide the Company critical data to improve the marketing of the product.,” said Mr. Fishoff.
In November, the company signed a product license and sale distribution agreement with Canyon Create. The agreement is part of the company’s strategy of acquiring technology in the CBD space as it looks to venture more into the premium lifestyle products market.The signing of the strategic agreement abides with the company’s push of expanding its wholesale brick and mortar strategy, American Premium Water is increasingly targeting sales opportunities in the Los Angeles, New York City, Las Vegas and Miami metropolitan area.The four markets are core to the company’s nationwide rollouts strategy. The company is not only focused on acquiring distribution to strengthen its market share in the space. Plans are already underway to conduct local events in coordination with social media marketing programs.
Bottom Line
American Premium Water has embarked on an aggressive sales and marketing drive as it looks to strengthen sales for its flagship LALPINA CBD water. The signing of the distribution agreement, as well as licensing agreements, attests to the company’s increased focus on revenue, key to generating long-term shareholder.After the recent spike higher, the stock looks set to continue climbing high on strengthening underlying fundamentals.We will be updating our subscribers as soon as we know more. For the latest updates on HIPH, sign up below!Disclosure: We have no position in HIPH and have not been compensated for this article.
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