SIPP Industries Announces Shareholder Update and Corporate Developments
COSTA MESA, Calif., (Marketwired – July 28, 2016) – SIPP Industries, Inc. (OTC Markets: SIPC), a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products announces a shareholder update on company progress and corporate developments.
Early this quarter, wholly-owned subsidiary Major Hemp received payment from a new customer that is producing a cannabidiol (CBD)-infused beverage line with high-profile celebrity branding. This order represents the second major customer that will be utilizing the companies’ Colorado-grown liquid CBD source. President Ted Jorgensen commented, “The liquid CBD we have has proven to be very diverse which has vastly opened up new business opportunities specifically in the functional beverage industry.”
Major Hemp has also received its first sale of Foods Alive products to customer and partner Hemp Angel Products. Multiple varieties of hemp seeds and hemp oil products packaged by Foods Alive, within their certified organic facility, will soon be available at www.hempangelproducts.com. Founder and Owner of Hemp Angel Products Rhonda Olson commented, “We continue to receive inquires for hemp seed and hemp oil and Major Hemp’s partner Foods Alive provides the highest quality, organic hemp products on the market today.”
SIPP Industries is finalizing details for the official entrance into the equine industry. The Company has applied for a trademark registration of a premier brand of hemp oriented products for the equine markets. The recent trademark filing and associated documentation has slightly delayed the launch of the new ecommerce site which is slated for next month.
Major Hemp is in the final discussions with a large retail supplier of raw bulk ingredients found at companies such as Kroger and Wholefoods. This established company is seeking to add hulled hemp seeds to their offering and has turned to Major Hemp for bulk supply and co-packing needs. The Company has agreed to pricing terms and is currently conducting new vendor set-up steps and final arrangements. The Company will update shareholders with more details once the deal is finalized.
Chief Executive Officer Syman Vong concluded, “We are very pleased with the continued progress of the Company. There are multiple significant initiatives in motion and we will continue to keep our shareholders updated with all major developments.”
About Sipp Industries, Inc.
Sipp Industries is a conglomerate 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 bulk hemp, CBD supply, co-packing and private labeling services. For more information, please visit http://www.sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter: @SippIndustries
Syman Vong, CEO
Sipp Industries, Inc.