Point Roberts, WA and Delta, BC - August 14, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on recent news and developments in the CBD beverage sector.
The future of the beverage market is clearly pointing to the cannabis industry. A recent Forbes article sums it up, "Cannabis drinks are already big business, and they're growing fast. When people think about cannabis, the first thing that comes to mind is usually smoking it, then vaping it or eating it inside an edible. Until recently, the idea of drinking cannabis wasn't really on most people's radars. But that's starting to change"
American Premium Water Corporation (OTC: HIPH), known for its LALPINA CBD water, just reported today that the two-container order the Company received earlier this year is on track for delivery in September. This order will generate over $200,000 in topline revenue. Due to ongoing fluctuations in the British Pound, the final sale amount from this order will be realized at delivery according to Generally Accepted Accounting Principles ("GAAP").
American Premium Water Corporation CEO, Ryan Fishoff stated: "The Company continues to execute its business plan. With completion of financing from this delivery and other sales and revenue initiatives, I am confident that the Company will surpass its most recent guidance of $1 million in revenue for the 2019 fiscal year. The Company is focused on deriving roughly 50% of revenue from outside the US; this order will help guide us to that benchmark. The Company is generating revenue from other outlets, with larger transactions in the pipeline, which has given us the confidence to reaffirm guidance, including our JV with Hanlons Brewery." (www.hanlonsbrewery.com)
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Cannabis Drinks Boosting Business (OTC: $HIPH) (NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE: $HEXO)
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