CORNELIUS, N.C. -- March 5, 2021 -- InvestorsHub NewsWire --
Good Hemp, Inc. (the "Company") (OTC
PINK:GHMP), an innovative hemp beverage producer,
after recently entering into a letter of
intent to acquire Diamond Creek as a wholly-owned
subsidiary, announced today that the alkaline water brand is now
available for purchase on the Good Hemp store through the Amazon
marketplace.
New information from the Beverage Marketing Corporation, as
reported by The Shelby
Report, shows the market trends for bottled water are
skyrocketing. According to their statistics, 14.4 billion gallons
of bottled water were sold in 2019, up 3.6 percent from the year
before. Meanwhile, a new report from Facts and Factors indicates
the bottled water market to grow at a CAGR of 8% and
reach $400 billion by 2026.
With Good Hemp now selling Diamond Creek (here),
the premium water brand is hoping to increase its share of this
market. Up to now, Diamond Creek water had a direct sales
distribution network with more than 2,000 retail locations
nationwide. The opening of a new sales channel on Amazon reflects a
transition for the company to adjust to the growing demand for
e-commerce and direct-to-consumer retail options in the wake of a
global pandemic.
Good Hemp beverages already have an established presence on
Amazon. So, in a win-win transaction, Good Hemp is expanding the
Diamond Creek water brand to the eCommerce platform. In turn,
Diamond Creek hopes to help Good Hemp's flagship beverages,
CannaHemp, Hemp 2OH!, and CannaFizz, take advantage of its
established distribution network.
Just as bottled waters have seen an increase in consumer demand,
functional water brands are also escalated quickly. A recent report
from Fortune
Business Insights indicates that the functional water
market could be worth $18.24 billion by 2025 with a CAGR
of 7.4%.
The acquisition of Diamond Creek by Good Hemp aims to align the
Company to take advantage of the bottled water market, as well as
the functional water market. Chris Chumas from Good Hemp
commented on the forward progress in the acquisition and the
expansion of both brands, "Good Hemp is proud to have grown our
functional beverage sales on Amazon over the past year, which has
allowed us another way to reach consumers across the United
States and beyond. The addition of Diamond Creek's product
will enable us to sell high alkaline water nationwide immediately,
complimenting our existing retail footprint."
Listing the product for sale in the first half of February is
just one step in the overall plan to bring the two companies
together and expand both product lines. Leadership at Good Hemp
also plans to utilize Diamond Creek's established supplier and
bottling relationships for the production of their beverage
line.
Chumas added, "After working through the Covid-related Amazon
inventory situation, we are pleased to have Diamond Creek High
Alkaline Water available for purchase, and we are pleased that the
product will qualify for Amazon Prime designation for millions of
loyal customers."
About Good Hemp Products -
Good Hemp, Inc.'s beverage lineup consists of Good Hemp Fizz and
Canna Hemp, functional carbonated beverages infused with natural
ingredients and made with hemp seed oil, which is categorized as
"GRAS" (under sections 201(s) and 409 of the Federal Food, Drug,
and Cosmetic Act, and therefore not subject to FDA review and
approval). Good Hemp 2oh! is a line of naturally flavored
waters infused with 10mg of THC-free hemp extract and prebiotic
fiber. These products are available online from Amazon and
goodhemplivin.com
Good Hemp Wellness will be launching with a line of cannabidiol
gel caps consisting of a fast-acting, proprietary, self-emulsifying
formulation aimed at providing consumers with American-made CBD
products they can trust.
Diamond Creek, which is currently under a letter of intent to be
acquired by Good Hemp, manufactures ionized 9.5pH high alkaline
natural spring water, sourced from the highest quality,
award-winning springs in Ohio, Pennsylvania,
and Tennessee. Available in three sizes: 1 gallon, 1 liter and
500 mL bottles, Diamond Creek high alkaline water aids in balancing
the body's pH and provides excellent hydration due to our
state-of-the-art ionization process. Visit www.diamondcreekwater.com for more
information.
Safe Harbor Statement -
This press release may contain forward-looking information that
involve a number of risks and uncertainties made pursuant to
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") and the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995, including all statements
that are not statements of historical fact regarding the intent,
belief or current expectations of the company, its directors or its
officers with respect to, among other things, the company's
business plans and the company's growth strategy and operating
strategy. Words such as "strategy," "expects," "continues,"
"plans," "anticipates," "believes," "would," "will," "estimates,"
"intends," "projects," "goals," "targets" and other words of
similar meaning are intended to identify forward-looking statements
but are not the exclusive means of identifying these statements.
Investors are cautioned that any forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of numerous
and varied factors. Good Hemp, Inc. does not undertake to update
any forward-looking statements except as required by applicable
law. All subsequent written and oral forward-looking statements
attributable to the company or any person acting on behalf of the
company are expressly qualified in their entirety by the cautionary
statements referenced above.
Contact:
Good Hemp, Inc.
+1 (800) 947-9197
contact@goodhemplivin.com
SOURCE Good Hemp, Inc.
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