- SeeThruEquity revised its initial price target for American Premium Water on the basis of new company developments and strategic market positioning
- The launch of LALPINA Hydro CBD and the subsequent distribution of the product will enable the company to enter the rapidly-growing CBD market
- New research report suggests that CBD market could grow to an astounding $22 billion by 2022
American Premium Water Corp. (OTC: HIPH) announced on October 10, 2018, that independent equity research firm SeeThruEquity has revised its initial price target upward. The revision corrected the original $0.15 target to $0.30, the company said in a press release (http://nnw.fm/N4r0k). According to the SeeThruEquity report, one of the main reasons behind the price target revision is the launch of LALPINA Hydro CBD, a technically superior cannabidiol-infused beverage, which will enable the company to target large consumer opportunities.
The subsequent distribution of the CBD beverage, as well as the strategic American Premium Water deals aimed at expanding the company’s presence on the luxury markets, have also been quoted as reasons for the target revision.
According to American Premium Water CEO Ryan Fishoff, the revised target validates all of the company’s strategic efforts. Over the past year, the company has entered one of the most rapidly evolving American economic sectors – the CBD market. As a result, the company has managed to significantly reduce debt, enter substantial distribution agreements and position itself for sustainable growth in the future.
The launch of the CBD beverage enables the company to participate in a fast-growing market that is anticipated to outpace the cannabis industry within the next few years. While Greenwave Advisors estimates that the CBD market will reach $3 billion by 2021 and The Hemp Journal anticipates the increase to slightly exceed $2 billion (http://nnw.fm/YzEO8), a new report by the Brightfield Group forecasts significantly higher growth, estimating that the hemp-CBD market alone could hit $22 billion by 2022 (http://nnw.fm/J9M9t).
The revised SeeThruEquity initial price target represents a potential upside of 471.4 percent from HIPH’s recent price of $0.0525 per share, reported a day before the announcement, on October 9, 2018.
The report further highlights the fact that the company will also potentially benefit from a recent Drug Enforcement Administration (DEA) action that removes CBD as a Schedule 1 drug whenever the trace amount of THC remains below 0.1 percent. In such instances, the product will be classified as a Schedule 5 drug, following FDA approval. This change may enable additional growth in the field of pharmacology.
LALPINA Hydro CBD contains no detectable amounts of THC, which means that American Premium Water Corp. could now be able to explore the medical potential of the formulation via partnerships with industry representatives.
LALPINA Hydro CBD mixes hydro with nanotechnology to deliver hydro-infused CBD water to consumers. The company started offering the new product via its website on August 27, 2018. The nanotechnology in LALPINA Hydro CBD enables a quicker absorption rate in comparison to other CBD-infused waters. On October 17, the company announced that it had developed a prototype THC-infused beverage utilizing the same technology.
The product ensures proper hydration, and it could also be utilized by active individuals to ensure muscle relief. CBD is an excellent choice for quick workout recovery due to its analgesic, anti-inflammatory, anti-spasm and neuroprotective properties.
American Premium Water Corporation is a California-based company that maintains a portfolio of subsidiaries catering to the health and luxury goods markets. The company’s two primary pillars are the development of health and beauty biotechnology for the purpose of unlocking the full potential of hydrogen and nanotechnologies, in combination with CBD.
For more information, visit the company’s website at www.AmericanPremiumWater.com
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