Correction: American Premium Water Corp. (HIPH) Announces Agreement with GreenBox POS (OTC:GRBX) to Use Proprietary Payment Processing for CBD Sales
PLAYA VISTA, Calif., Feb. 11, 2019 (GLOBE NEWSWIRE) -- American Premium Water Corporation is re-issuing the press release originally put out on February 7th, 2019 to clarify the Company will not be selling products with THC online, which was erroneously stated in the headline. The Company does plan to sell THC infused beverages at licensed dispensaries in the US where legal and nationwide in Canada.
American Premium Water Corporation (OTC: HIPH) announces the it has entered into an agreement with GreenBox POS (OTC:GRBX) to use its proprietary, blockchain based payment process technology on it’s new e-commerce site for LALPINA and other CBD related products. The Company will be launching the new site e-commerce site featuring GreenBox’s payment API in the next few weeks.
American Premium CEO Ryan Fishoff, commented, “I am happy to announce this partnership with GreenBox. This payment technology will finally give the Company a permanent payment processing solution. It has been frustrating to not be able to process orders on our own e-commerce site. Now that we have GreenBox, we can focus our efforts to making the LALPINA e-commerce site a first-class experience for the consumer. The Company will also begin to focus resources on digital and social media advertising. Getting a dynamic e-commerce site off the ground early this year has been a high priority for the Company and one that I highlighted in my year-end letter to shareholders; I am happy to say that we are a few weeks away from this goal.”
GreenBox POS, (https://greenboxpos.com) is a groundbreaking technology company that builds customized payment solutions for a variety of industries, with an emphasis on blockchain secured ledger technology, which they have 5 patents for. GreenBox’s technology has become the leading point of sale (POS) application in the cannabis industry, which traditionally has been challenges in finding payment processing solutions. Even with the passage of the 2018 Farm Bill, and the mainstream adoption of CBD, there is a still not a uniform acceptance in the financial services industry. The Company will leverage GreenBox’s technology across all of its CBD-infused products and their respective e-commerce sites.
“Having GreenBox’s technology now allows us to finalize our new e-commerce site. The Company forecasts that demand for our product (and other CBD products) will be much higher this year due to the passage of the Farm Bill and the increased interest CBD products have received because of it. As we look to expand the number of LALPINA CBD skus in the coming months, its important that the Company can handle the demand. This website, along with production and shipping by Growpacker will usher in a new era for the Company. The infrastructure will be in place to be able to ship out online orders within 24 hours of receipt. I know we have continued to have to some shipping issues with our partners, but this these developments will streamline and eliminate them going forward. GreenBox’s technology will also allow the Company to seamlessly integrate the backend of the different branded CBD products that the Company will be selling into a continuous supply chain. This will help the Company scale, especially when we have multiple product categories across multiple brands. Before we get to that point, I am looking forward to unveiling the new LALPINA CBD site in the coming weeks, and as soon as its ready, I look forward to briefing the shareholders on it” Concluded Mr. Fishoff
About American Premium Water Corp.
American Premium Water (OTC: 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), LALPINA Productions, LALPINA Records, Gents (www.gentsco.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
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