The Cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. To increase the odds of finding a growing company, investors should screen for U.S. cannabis stocks as the industry is crawling with companies operating in several rapidly-evolving fields. One of these fields is CBD infused beverage market, where, Zenith Global, a leading global food and drink consulting firm, projected that the US market for cannabis, CBD and Hemp infused drinks will grow to over $1.4 Billion by 2024, an almost fifteen times (15x) increase from 2018 sales of just $89 million.
American Premium Water Corporation (OTC: HIPH) announced last week further expansion of its LALPINA CBD Water with 7-eleven. The product will initially be sold at the 7-Eleven located at 11401 Ventura Blvd, North Hollywood, CA 91604. This location is part of a 25-store network owned by an individual franchisee, who is a part of the chain’s 7800+ network of stores in the United States. This development is part of 7-Eleven’s initiative to be a front-running retailer in the consumer CBD market.
This is a good start for the Company to expand distribution into the other stores in the network; in the US and globally, as 7-Eleven’s domestic store count only represents roughly 12% of its entire global footprint of 68,000 plus store. This global footprint aligns with the Company’s global expansion plans that the company have been focusing on over the past year.
The Company is also engaged in discussions with distributors in Canada for its LALPINA CBD and LYNKS Pet CBD water and is seeking licensing and partnership opportunities for THC applications of its propriety hydro nano technology in the country.
The company continue to expand more rapidly, not just in Canada and Europe, but also throughout Asia, Latin America and Australia.
According to a recent press release, the company announced that it is engaged in discussions with distributors in Australia, Mexico, and Colombia to sell the Company’s products. Both CBD and non-CBD products will be sold to these distributors. Exploratory discussions are also underway with distributors in the Pacific Rim region.
American Premium Water strives in providing only the highest quality CBD sources for its products, with quality control being one of our first and foremost focuses. The Company aims for this standard not only for compliance reasons, but also to provide our customers the highest quality product possible.
If you’ve been keeping an eye on HIPH for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy HIPH stock. The Company’s research report was recently updated by Ludlow Research with a short-term price target of $0.03 https://ludlowresearch.com/reports .