American Premium Water Corp (OTCMKTS: HIPH) projecting revenues of more than $1 million for Fiscal 2019, signals an exciting year despite the stock’s recent underperformance. Validation of the company’s nanotechnology synthesis, as a reliable system for CBD delivery, is another development that underscores the company’s innovation.
HIPH Catalysts And Share Price Analysis
The company is also seeing increased demand for its products a development that has necessitated the strengthening of the sales team in Ohio. The acquisition of CBD topical and balm brand plant also underscores the company’s focus on strengthening and diversifying product line as a way of catering to all the needs of the cannabis marketplace.
American Premium Water Corporation has also set sights on the European cannabis market, where it hopes to generate significant value going forward. The company has since entered into an agreement with Hanlon’s Brewery in the U.K, for the manufacture of CBD infused beverages.
While recent developments point to a company focused on long-term growth, given the investments made, the stock has been unresponsive. After a stellar start to the year, depicted by a 200% rally, American Premium Water has come down tumbling.
However, the stock could have hit bottom at the $0.03 mark, after the major correction. Above the $0.03 technical level, the stock remains well positioned to bounce back and continue rallying, as was the case for the better part of last year.
A sell-off followed by a close below the $0.03 mark could leave the stock vulnerable to further drops probably back to 52-week lows of $0.01. After the recent plunge, American Premium Water Corporation needs to rally and takeout the $0.05 resistance level if it is to bounce back to this year highs of $0.05.
What Does American Premium Water Corporation Do?
American Premium Water Corporation is a diversified luxury consumer products company with interests in the health beauty and biotech sector. The company leverages the power of hydrogen and nanotechnologies to come up with cannabidiol infused therapies for addressing various health disorders and enhance the quality of life.
$1 Million Revenue Projection
While a plunge in share price is a point of concern, American Premium Water Corporation core business continues to grow at an impressive rate. The company receiving a two-container order from a distributor in the U.K underscores underlying growth.
The orders should ship out in the second quarter and would be accretive of the Q2 financial. In response to the new purchase order, as well as expectations for other residual orders from the distributor, American Premium Water Corporation has raised its revenue guidance for the year to $1 million.
“We are very excited about this and feel that this is just the beginning of more exciting things to come from the continent (Europe). […] Every day the Company has been making strides towards becoming an industry leader in the consumer CBD space,” stated CEO Ryan Fishoff.
The deal in the U.K comes on the heels of American Premium Water achieving significant milestones on its bid to become a key player in the CBD delivery systems business. A scientific analysis of the company’s proprietary Hydro-Nano formulation has indicated the system can deliver CBD molecules in particles less than one nanometer of size.
The fact that current CBD products do not employ nanotechnology means that as much as 80% of CBD in those products rarely get absorbed in the body. American Premium Water’s nanotechnology should change all this, seen as one of the reasons why LALPINA CBD is now a front-runner in the CBD infused beverage market.
The company has since increased its sales force as it seeks to ramp up sales for the LALPINA CBD beverage and CBD topical products from a recent plant + body essentials.
“The inbound demand has been overwhelmingly strong, and it became apparent over the past few weeks that the Company needed more assistance in managing and servicing sales accounts,” explained Mr. Fishoff.
What Next For American Premium Water
While American Premium Water has taken a significant hit one cannot dispute the fact that it is in for an impressive year. The company projecting revenues of up to $1 million signals a record-breaking year on revenue generation.
In addition to CBD product sales, the company also has on its hands a valuable asset in the form of its nanotechnology. HIPH has big potential and currently trading at a discount relative to American Premium Water long-term prospects.
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.