HIPH Placed on Watch as CBD Stock Sector Nears Correction Bottom

Cannabis


(NEW YORK)--American Premium Water Corporation (OTC: HIPH) was added to Ludlow Research watch list as firm sees attractive valuation point with HIPH, and entire CBD sector as well.

In note to subscribers, Ludlow Research made point that since October 2018 top in CBD stocks the sector has gone through a long drawn out correction with many issues showing bottoms near-term based on sideways trading patterns.

Historically, long corrections help weed out any excess within a sector after a bubble, and some indicators are showing the CBD sector as a place to start putting money back to work for the longer-term trader looking for a more reasonable entry point.

When a sector has a hyperbolic run, like we saw in CBD in the fall of 2018, these stocks tend to trade at very high premiums due to investor demand. But what usually follows these bubbles are long drawn out corrections, which tend to "bore" out the fast money traders to move on to other sectors.

This is actually a healthy phenomenon as it helps bleed out excess within a particular stock or sector, which then offers more attractive targets for long-term traders looking for a good entry point to park some money in for next leg up.

It is in Ludlow Research opinion that the cannabis and CBD market in particular have gone through a months long correction, and any excess within those sectors has been greatly reduced. For this reason they are placing the cannabis and CBD sectors as a whole as attractive plays once again, and have added American Premium Water Corporation (HIPH) as one of those plays within the small cap CBD sector trading under $0.10 per share.

HIPH Highlights

- Joint Venture with LRSV for CBD Pet Products
- Development of CBD Infused Beer
- 30 Million Common Share Reduction
- Retains Top Auditor to Become Fully Reporting
- Goal of Listing Up to NASDAQ

HIPH is one of the more active players within the micro-cap CBD infused beverage sector trading under $0.10 per share. The Company has a lot of pieces in place to start showing real revenue growth this summer, and with any new rally within CBD or cannabis sector HIPH could become one of the plays traders flow into first on any speculation.

Like with most penny stocks HIPH still has much to prove to the market to build confidence for any sustained rally, such as showing real sales and distribution of their products. For the end of the day this is what will provide a long-term floor on HIPH stock to perform in the realm of more successful CBD players like CVSI or KGKG.

Retains Auditor

HIPH just announced they have retained the auditing firm of Weinberg & Company to become the Company’s auditor of record. Weinberg has advised and consulted numerous clients, including Verb Technology Company, Inc (formally nFusz), which successfully up listed from the OTC to the NASDAQ earlier this year.

For this reason, Ludlow has placed HIPH on watch based on more reasonable valuation within CBD sector, and for possible support in the $0.025 range. Short-term there is real potential for move to the $0.04 to $0.06 range, with $0.06 to $0.10 possible on any clarification of sales, distribution, and market performance of CBD sector as a whole.

A detailed report on HIPH is expected to be issued shortly on the company. To request a copy of this pending report register online at https://ludlowresearch.com/investors

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, Gents, Worthy, and blockchain platform FashionCoinX www.FashionCoinX.com

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