Sipp Industries Secures Partnership with Distinguished Brewery
for Enhanced Production Capacity and Provides Update on Hemp and
CBD Beer Initiatives
COSTA MESA, CA -- October 20, 2016 -- InvestorsHub NewsWire
-- Sipp Industries, Inc. (OTC:
SIPC), a multifaceted corporation specializing in technology,
manufacturing, and distribution of commercial and consumer products
is pleased to announce the Company has entered into a contractual
agreement with a notable Colorado brewery. In anticipation of
rising demand upon licensing, the Company has mobilized to
strengthen the Companys production capacity.
2016 has, thus far, been a very productive and transformational
year for Sipp Industries. Having initially entered the market as a
bulk hemp ingredient supplier to various product manufacturers and
local Colorado craft breweries, such as Crazy Mountain Brewing and
Ute Pass Brewing Co., Management discerned very quickly that the
Company was standing at the threshold of an immense opportunity. In
recognition of the potential market for distinctly formulated hemp
infused beer, the Company decided to embark on the formulation,
manufacturing and distribution of an exclusive line of hemp and
Cannabidiol (CBD) beer.
The Companys strong prospect for success was discovered at a
successful 4/20 event at Ute Pass Brewing Co. where patrons and
shareholders sampled five distinct varieties of hemp and CBD beer.
After receiving favorable reviews for its exceptional taste,
subsidiary Major Hemp mobilized to determine and execute the best
strategy to take this initiative to the next level, which involved
interaction with potential licensing parties, manufacturing
partners, and distributors.
Over the past quarter, the Company has become keenly aware of
the advantages of exclusive ownership of its hemp and CBD recipes,
trademarks, and wholesale licenses. By moving to secure the
Companys proprietary rights, Sipp Industries takes full control of
its own destiny as the business expands. As terms are finalized
with legal counsel, Sipp Industries will establish full proprietary
rights and control of the Companys hemp and CBD beer recipes. The
Company expects to be able to make a formal announcement by the end
of the month.
The Companys secondary hemp beer initiative focal point is the
establishment of increased production capacity. In order to meet
the demand requirements of major beer distributors, the company
must prove it can consistently fulfill large orders. Major Hemp
President Ted Jorgensen stated: In anticipation of the fact that we
had to be prepared to meet a quickly growing demand, we have been
proactive in the search for capable partners. After interviewing
multiple prospects, we have selected a brewer that exceeds all of
our expectations and requirements.
This brewery, soon to be announced as partner, maintains a
70,000 square foot facility just outside Denver and has the
capacity to produce up to 200,000 barrels a year. Moreover, this
manufacturer is located in the heart of the Denver craft brew
scene, which will bolster brand awareness and keep transportation
costs down. This new partner also has access to local and national
distributors which will enable Sipp Industries with the benefit of
full turnkey brewing and distribution capabilities.
Chief Executive Officer Syman Vong commented, We are confident
that the time and effort invested into the creation and licensing
of our proprietary hemp-infused and CBD beer will result in great
success for the company and its shareholders. He concluded: We
firmly believe that the greatest potential for a high level of
success is when timing and opportunity meet. At this stage in the
game in the industry, its evident that the revenue potential here
can be exponential.
Upon finalization of all licensing and manufacturing agreements,
the Company plans to update shareholders with an anticipated
timeline for availability and its first wholly-owned hemp beer
run.
About Sipp Industries, Inc.
Sipp Industries is a multifaceted corporation that specializes
in technology, manufacturing and distribution of commercial and
consumer products. Through its wholly owned subsidiary, Major Hemp,
the Company provides high quality and competitively priced hemp
based products, bulk hemp, CBD supply, co-packing and private
labeling services.
Website: http://www.sippindustries.com.
Facebook: https://www.facebook.com/SippIndustries
Twitter: @SippIndustries
Forward Looking Statements:
This release contains forward-looking statements within the
meaning of Section 27a of the Securities Act of 1933, as amended
and section 21e of the Securities and Exchange Act of 1934, as
amended. Those statements include the intent, belief or current
expectations of the company and its management team.
Forward-looking statements are projections of events, revenues,
income, future economics, research, development, reformulation,
product performance or management's plans and objectives for future
operations. Some or all of the events or results anticipated by
these forward-looking statements may not occur. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. Accomplishing the strategy described herein is
significantly dependent upon numerous factors, many that are not in
management's control.
Contact:
Ted Jorgensen
Major Hemp President
Sipp Industries, Inc.
Investor Relations
ir@sippindustries.com
949.220.0435