The additional round of non-dilutive financing comes in advance of the Company’s FY 2019 Guidance of $1million
PLAYA VISTA, Calif., April 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – American Premium Water Corporation (HIPH) announces that it has entered into an additional financing agreement with an institutional investor at the same $0.40 valuation the Company received in January. Similar to the previous agreement, a substantial portion of the Company’s convertible debt will be retired. The retirement will be reflected in the Company’s 2nd quarter 2019 financials. Per terms of the agreement, the investor shall remain anonymous.
American Premium CEO Ryan Fishoff, commented, “I am excited to announce that the Company has entered into this agreement for additional financing at a .40 valuation. I view this as an affirmation of the progress the Company has made over the past few months, which has includes the large two container order from a distributor in England, our partnership with Hanlons brewery to make a CBD infused beer, the release of independent scientific testing results affirming the efficacy of our proprietary Hydro Nano formulation, the acquisition of plant + body essentials, and the increase in domestic demand. The accomplishments that have been made so far this year are reflected in the $1 million FY19 guidance issued last week, this additional financing is a validation of the Company’s direction. There is still a lot of progress to be made achieving our business plan, but the financing will give the Company the ability to achieve and potentially exceed our fiscal year 2019 target.”
About American Premium Water Corp.
American Premium Water (HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of hydrogen and Nano technologies paired with cannabidiol (CBD) to treat health disorders and enhance quality of life. This business model aims to market emerging fashion brands by leveraging classic retail partners and incorporating disruptive blockchain technologies to expand the retail footprint. The company’s portfolio includes the LALPINA Hydro and LALPINA Hydro CBD brands (www.LalpinaInc.com), Gents (www.gentsco.com), Vanexxe (www.vanexxe.com) plant + body essentials (www.plantbodyessentials.com) Worthy, and blockchain platform FashionCoinX (www.FashionCoinX.com).
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
This press release is issued on behalf of the Board of Directors of American Premium Water Corporation.