- American Premium Water (OTCPK:HIPH +26.7%) says it has come to terms on the acquisition of licenses to distribute and retail hemp cannabinoids in New York State.
- The licenses will be obtained by a New York entity that was owned by CEO Ryan Fishoff for nominal consideration, report.
- "This is significant for the company, as it further positions us to be dominant players in the Northeast.........This announcement is a kickoff for the commercial launch of our joint venture with CaliBear. The Company is excited to begin selling CaliBear CBD products in the coming weeks," says Fishoff.
- The company expects the transaction to close by the end of H1 2021.
- Previously (April 15): American Premium Water Corporation reports FY results
American Premium Water to acquire hemp distribution licenses in New York
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