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Tuesday, September 27, 2022

American Premium Water Corp (OTCMKTS: HIPH) Heating Up and Getting Noticed on CloudXchange DataCentre Inc Acquisition

American Premium Water Corp (OTCMKTS: HIPH) is on a tear northbound since the Company announced its BOD has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (“CloudX”), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (“CloudX SG”), to diversify the Company’s earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr. Chan Heng Fai, Ambrose, the seller and the sole shareholder of CloudX.   

This is big news for the Company and has sent HIPH stock soaring upwards after many months of decline since the stock was trading over a penny this time last year. HIPH does have a history of big moves skyrocketing from current levels to $0.035 highs during 2020. The Company should see continued exposure as CEO Ryan Fishoff will the keynote speaker as at the Emerging Growth Conference at 2:30 pm eastern time. 

American Premium Water Corp (OTCMKTS: HIPH) is a diversified consumer products company focused on brands that utilize cutting edge bioscience technology. The Company is focused on harnessing the power of Nano technology that utilizes CBD and other compounds to help increase the quality of life for its consumers. With the acquisition of CloudX, the Company will be focusing on the crypto-mining sector, and intends to change its name to “American Premium Mining Corporation.” The Company has previously been focused on building brands that utilize cutting edge bioscience and nanotechnology in the CBD and wellness space.  

The stock has been on a tear since the Company announced its BOD has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (“CloudX”), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (“CloudX SG”), to diversify the Company’s earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr. Chan Heng Fai, Ambrose, the seller and the sole shareholder of CloudX.   

CloudX is engaged primarily in investment within the cryptocurrency space with a focus on crypto-mining and staking activities. For risk management purposes, CloudX’s crypto-mining data centers will be strategically set up in locations such as Singapore, Malaysia (Sarawak) and Texas, United States with various service providers. CloudXchange DataCentre Inc. is a holding company for CloudXchange DataCentre Pte Ltd which is engaged primarily in investment within the cryptocurrency industry with a focus on crypto-mining and staking activities. CloudX endeavors to leverage the potential of the cryptocurrency space to generate predictable revenues and operating income.  

 

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As part of the terms of the acquisition agreement, the Seller has provided APW with a guarantee to generate a minimum of US$1.5 million in earnings before interest, taxes, depreciation and amortization (“EBITDA”) for CloudX SG within the first 12 months from June 2022 or upon the full delivery of the mining rigs. In the event that the EBITDA of CloudX SG falls short of US$1.5 million, a guaranteed top-up for any shortfall amount up to US$1.5 million will be borne by the Seller.  

Ryan Fishoff, CEO of APW, commented, “The Company is very excited to enter into the crypto-mining space. This acquisition is designed to provide APW with a stable and growing revenue stream, and position the Company for long-term growth and profitability. The acquisition of CloudX will be transformative for the Company as APW embarks on a new business strategy that is designed to enhance shareholder’s value.”  

This is a new direction for the Company which we have covered many times before; they used to be a distributor of premium consumer goods, primarily in CBD industry. LALPINA CBD is the Company’s CBD infused water, utilizing the Company’s proprietary hydro nano technology that delivers CBD particles under 1 nanometer in size into the bloodstream, increasing bioavailability up to 90%, allowing for higher absorption levels. HIPH started off selling their LALPINA WATER sourced from a high-altitude aquifer deep in the Blue Ridge and the Blue Mountains. 

 

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Currently trading at a $7 million market valuation HIPH has 4,608,588,983 shares outstanding of which 2,966,107,193 are restricted. “Pink current” on OTCMarkets.com the Company does have some debt on the books which has caused the dilution. HIPH is a stock to watch here, trading right near historical lows the stock does have a long history of big moves running to $0.035 in 2020. American Premium Water Corp (OTCMKTS: HIPH) is on a tear northbound since the Company announced its BOD has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (“CloudX”), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (“CloudX SG”), to diversify the Company’s earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr. Chan Heng Fai, Ambrose, the seller and the sole shareholder of CloudX. We will be updating on HIPH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HIPH.

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Disclosure: we hold no position in HIPH either long or short and we have not been compensated for this article.

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