American Premium Water Corporation (OTC: HIPH) (“American Premium” or “the Company”) announces it has entered into an agreement with Canna Nano (http://www.cannanano.com/) regarding a prestigious collaboration to produce nano-infused cannabidiol (CBD) water. The Company will begin selling this product through all its distribution channels. In addition, the Company is in advanced discussions with Canna Nano regarding a long-term partnership, including potential acquisition structures of Canna Nano by the Company.
“I am excited to announce this collaboration with Canna Nano. Their brand aligns with American Premium’s LALPINA brand. This collaboration we have created opens doors for both companies and sets the stage to open many more together down the road. Canna Nano is a great brand, and I am excited to be working with Ed and his team as we begin launching marketing and co-branding opportunities for this product,” commented American Premium CEO Ryan Fishoff.
“We are really stoked to be working with LALPINA and American Premium Water. This “prestigious” collaboration aligns Canna Nano with the great lifestyle brand LALPINA. The brand (LALPINA) encapsulates many of the core principles of Canna Nano, and I am very proud of the collaboration we have created here. There are so many possibilities that we can accomplish working with the two brands. I am really excited about the exposure that will be created and lead to additional distribution. I see this as the first step in a longer-term partnership between the companies,” stated Ed Serafin, founder of Canna Nano.
Canna Nano is based in Huntington Beach, California. Currently, the company manufactures, markets and distributes a variety of cannabis and CBD-infused products under its Canna Nano label as well as other brands, including CBD-infused creams, pipes, vaporizers and other related devices. Canna Nano currently has distribution online and in eight states: Arizona, California, Georgia, Louisiana, Kansas, Maryland, Nevada and New Jersey.
“Canna Nano has a robust distribution network across the country, and it will complement the geographic focus markets American Premium is in the process of building out. This collaboration is just the first step in the Company’s growth strategy, including the development of more CBD- and THC-infused beverages. This collaboration will not only generate revenue for the Company, but it will also streamline our fulfillment, optimizing for a high level of efficiency for our customers. Canna Nano will be an instrumental part of our strategy going forward from a distribution and acquisition perspective. In addition to the discussions I have previously mentioned, we have been in talks with them for many months about a long-term partnership, and I am optimistic a structure will be created that will benefit both companies for the long term. As things develop and progress, I look forward to providing updates to the Company’s shareholders,” added Mr. Fishoff.