Certificate of Label Approval (COLA) from the Alcohol and Tobacco Tax and Trade Bureau (TTB) for Major Hemp H-IPA has been granted
COSTA MESA, CA – (GlobeNewswire – October 24, 2018) – Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in technology, manufacturing and distribution of commercial and consumer products, is excited to announce the highly anticipated inaugural launch of its Hemp IPA beer, Major Hemp H-IPA, in cans. The Company received confirmation from the TTB yesterday that the label for its new Hemp IPA beer has been approved, completing the final step in the regulatory process which permits individual containers of beer to be sold to consumers.
This milestone achievement marks the beginning of a new era for Sipp Industries, as it continues its quest to develop a diverse lineup of unique craft beers to build around its current pair of Hemp-infused Brown Ale and IPA beers. At the present the Company will be focusing on the release of its first rendition of canned hemp beer.
President Ted Jorgensen of wholly-owned subsidiary, Major Hemp, comments, “We are very excited to receive COLA approval from the TTB and thrilled that cans of Major Hemp H-IPA will be available next week. It has been a long journey, one filled with a variety of regulatory hurdles, but we have now crossed the most important bridge. It is time for us to transition from formulation and package design to bolstering our sales and marketing department in order to maximize sales and distribution of Major Hemp H-IPA.”
A slight change in the design and naming of the newly developed hemp beer was required due to strict regulations for cannabis-infused beer. After modifications to the initially submitted name of “Major Hemp HIPA” were made at the request of the TTB, “Major Hemp H-IPA” was formally granted acceptance.
Due to the naming and label changes, the Company had rescheduled the Major Hemp H-IPA launch to Friday, November 2nd at Church Street Brewing Company in Itasca, IL. Customers will be able to enjoy Major Hemp H-IPA on draft as well as in 4-packs of 16 oz. cans, which can be purchased onsite.
Sipp Industries is currently in the final stages of selecting multiple well-known distributors for the Chicago market that carry such brands as Rolling Rock, Stella Artois, Dos Equis, Beck’s, Tecate and Labatt’s Blue. These distributors’ channels reach some of the largest and most well-known grocery and alcohol retail chains in the Chicago market. The Company expects to have definitive distribution agreements signed in early November.
“This has been a very exciting year for the cannabis-infused beer industry. Between Constellation Brands’ decision to invest over $4 billion in Canopy Growth and the continued inclusion of federal hemp legalization in the 2018 Farm Bill, the interest in hemp-infused beer continues to increase significantly. With the challenging regulatory requirements of the alcohol and cannabis sectors behind us, our focus is now on growing sales and scaling our hemp infused beers,” commented Syman Vong, Chief Executive Officer. “Over the coming weeks, we will actively work with distribution partners to take our H-IPA to the highest levels in the Chicago-area supply chain. It has been a challenging endeavor and we wish to thank all our business partners, customers and shareholders for their unwavering support. We are very excited about our Major Hemp H-IPA and trust that it will be very well received both domestically and internationally,” concluded Vong.
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 hemp beer, high quality and competitively priced hemp-based products, bulk hemp, CBD supply, co-packing and private labeling services.
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
