Company expands geographic reach and triples production capacity
COSTA MESA, CA – (GlobeNewswire – April 18, 2019) – Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in manufacturing and distribution of commercial and consumer products, and the first publicly traded company in America whose primary focus is the production and sales of hemp-infused beer, announces it has come to terms with Bur Oak Brewing Company (“Bur Oak”).
Bur Oak Brewing Company is based in Columbia, Missouri, a mecca for craft beers and night life, as well as home to the University of Missouri. Bur Oak brews high quality inspirational beers in an ecological manner and currently markets and distributes in Missouri, Iowa, Wisconsin, Kansas and Illinois through a network of 10 established distributors. The brewery has annual production capacity of 8,000 bbls and boasts four 120 bbl fermenters which will enable for expanded runs.
Sipp Industries and Bur Oak are currently in the process of submitting the already approved Alcohol & Tax Trade Bureau (TTB) hemp beer recipes and has begun production scheduling. The initial run will be the popular Major Hemp HIPA which is now being sold in nearly 175 locations in Illinois, Iowa and Kansas. The Company intends to add ensuing runs of Major Hemp Brown Ale as well as other recipes currently under development and review with the TTB.
President Ted Jorgensen of wholly-owned subsidiary, Major Hemp commented, “This is a monumental step for the company and we are thrilled to partner with Bur Oak Brewing Company. Craig and his team have excellent facilities and we can’t wait to begin brewing our hemp beers with Bur Oak.”
The geographic location of Bur Oak will enable Sipp Industries to expand their portfolio of hemp beers in surrounding states such as Arkansas, Oklahoma, Nebraska, Tennessee and Mississippi. The Company and its brand ambassadors are currently in discussions with a number of new distributors that have expressed interest in carrying Major Hemp HIPA and expect to have deals struck as the initial production runs are completed.
About Sipp Industries, Inc.
Sipp Industries is a multifaceted corporation that specializes in manufacturing and distribution of commercial and consumer products, and the first publicly traded company in America whose primary focus is the production and sales of hemp-infused beer. Through its wholly owned subsidiary, Major Hemp, the Company provides hemp beer, high quality and competitively priced hemp-based products, bulk hemp and CBD supply.
Website: https://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
