NEW YORK, NY / ACCESSWIRE / October 10, 2018 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update note on American Premium Water Corp. (OTC PINK: HIPH) with a Target Price of $0.30.
The report is available here: October 2018 Update Note.
We are updating coverage of American Premium Water Corp (OTC: HIPH) following recent results and the company's launch of its first CBD-infused beverage, LALPINA Hydro CBD. Based in Playa Vista, CA, HIPH is a diversified lifestyle consumer brands company focused on the sale of hydrogen-infused water and hydrogen-infused CBD water under the LALPINA™, as well as men's athleisure apparel under Gents brand. The company has also entered announced two recent complementary deals that expand its presence as an emerging lifestyle apparel company, with the acquisitions of the Worthy streetwear license and an operating agreement for the blockchain-based cryptocurrency platform FashionCoinX. We view HIPH as a speculative growth company targeting large opportunities in CBD-infused and energy beverages, blockchain and lifestyle consumer goods.
HIPH launches LALPINA Hydro CBD
We are updating our coverage on HIPH following recent announcements and the launch of its first CBD-infused beverage, LALPINA Hydro. Highlights were as follows:
- HIPH launches LALPINA Hydro CBD. HIPH reached a significant milestone with launch of first CBD-infused hydrogen water, LALPINA Hydro CBD, on August 27, 2018. Initially sold on lalpinainc.com, a 12-pack of LALPINA Hydro CBD 500ml bottles retails at $65.99.
- Initial third-party commercial distribution announced for LALPINA Hydro CBD. HIPH followed its launch of LALPINA Hydro CBD with its first third-party distribution agreement. The company announced on October 2, 2018, that it had entered into an agreement to distribute LALPINA Hydro CBD through e-commerce channels SingleSeed.com and DIGSHydro.com, which are operated by SinglePoint, Inc. (OTC: SING).
- Growth expected from LALPINA Hydro. HIPH management stated that it expected the SingleSeed deal had potential for $1mn in revenues, and that the deal was the first pillar in a broader plan to establish a network of third-party online distribution. Continued expansion is expected to increase brand recognition and sales in future periods. HIPH also stated that it is exploring a THC Hydro infused beverage, which has significant potential as a follow-on product given the multi-billion dollar cannabis market.
First half revenues rise by 5,000%+ from small base to reach $138,826. HIPH reported 1H18 revenues of $138,825 on August 21, 2018. Results were highlighted by the company's men's athleisure brand Gents, which benefitted from the launch of Gents "Axe Capital" hats as part of its licensing arrangement with Showtime Networks during the period.
Target increases to $0.30 on new products, developments
We see HIPH as an intriguing speculative growth company targeting large consumer opportunities in the CBD, blockchain and lifestyle consumer goods markets. Key potential catalysts include expanding distribution for its recently launched CBD-infused beverage, as well as sales execution for beverages and Gents apparel, and the impact of recent moves which have enabled the company to enter the blockchain space.
Please review important disclosures in the report and on our website at www.seethruequity.com.
About American Premium Water Corp.
HIPH is a manufacturer, distributor, and marketer of branded consumer products. It currently markets and distributes products under LALPINATM and Gents brands. Under the LALPINATM brand, the company develops hydrogen-infused energy products. Currently, the product line includes – 1) LALPINATM Hydrogen and 2) LALPINATM Hydrogen CBD. Gents is a producer of luxury hats and other fine accessories and apparel. The brand is carried in over 200 retail outlets internationally, including Bloomingdale's, Nordstrom, and Saks Fifth Avenue, among other boutiques and upscale retailers. For more information, visit www.americanpremiumwater.com
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Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative approach to deliver equity research of microcap and smallcap companies. SeeThruEquity has also been the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion since 2012.
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SOURCE: SeeThruEquity