With legalization in Canada moving closer to the October 17th launch, many investors are watching cannabis stocks this month, Walmart inc (NYSE:WMT) canada will be the first major retailer to show an interest in being part of Canada’s burgeoning marijuana industry, as other big U.S. companies, mainly in the alcohol and beverage industries, begin to seriously consider entering the market for cannabis-infused products.
The expected change in Canada’s law will be beneficial for publicly traded companies such as American Premium Water Corporation (OTC: HIPH), Aurora Cannabis Inc. (OTC:ACBFF), Canopy Growth Corporation (NYSE:CGC) and Aphria Inc. (OTC:APHQF).
Shares of American Premium Water Corporation (OTC: HIPH) rocketed over 500% after the company launched its LALPINA HYDRO CBD Beverage.
Last week, the company announced that it has entered into an agreement with SinglePoint, Inc (OTC:SING) to distribute LALPINA Hydro CBD on two of their e-commerce channels; SingleSeed.com and DIGSHydro.com. The Company will drop ship product to the customers.
LALPINA’s first CBD infused beverage, LALPINA Hydro CBD is the most technically sophisticated CBD water. Normal CBD water leaves up to 90% of CBD molecules un-absorbed by the body. Utilizing hydro and nano technologies, LALPINA Hydro CBD encapsulates the water with CBD utilizing nanotechnology, which turns the CBD molecules into a water soluble drug, maximizing it’s bioavailability, accelerating it’s delivery to the body’s cells and tissues. Less CBD, Higher Effect. The power LALPINA Hydro Nanotechnology.
The Company will also be looking to leverage its brands and expand into other exciting areas in the CBD space, specifically pet products, topicals and THC infused beverages.
SeeThruEquity has revised upwards its initial price target for American Premium Water Corporation from $0.15 to a revised target price of $0.30, click here to read full report.
Ryan Fishoff, American Premium Water CEO, commented, “Having American Premium’s price target revised upward by SeeThruEquity is a validation of management’s current plan. Over the past year, HIPH has transformed, entered one of the fastest growing sectors of the American economy (CBD), significantly reduced debt levels, made strategic acquisitions, entered into substantial distribution agreements, and, most importantly, positioned itself for substantial growth. The Company welcomes SeeThruEquity’s continued research coverage and looks forward to supplying its analysts with more developments as we continue achieving our business plan targets in the near future.”
In addition to American Premium Water Corporation (OTC:HIPH), these cannabis stocks are poised to benefit most from the imminent legalization; that should be on top of everyone’s watchlist this month: Aurora Cannabis Inc. (OTC:ACBFF), Canopy Growth Corporation (NYSE:CGC), Aphria Inc. (OTC:APHQF) and New Age Beverages Corporation (NASDAQ:NBEV).
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