Company to Expand Production and Currently Engaged with Multiple National Beer Distributors
COSTA MESA, Calif., (Marketwired – May 17, 2016) – Sipp Industries, Inc. (OTC Markets: SIPC), a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products announces it has begun production of its second run of hemp beer. The hemp beer is currently fermenting and will be sent to national beer distributors next month once bottled.
Major Hemp President Jorgensen commented, “We have had multiple inquiries from regional and national distributors as well as retailers interested in carrying our hemp beer.” Interest and excitement of hemp beer became evident after the widely successful 4/20 hemp beer event co-hosted by Sipp Industries’ subsidiary Major Hemp and Ute Pass Brewing Company.
The company would like to update shareholders on continued hemp beer progress and next steps:
Sipp Industries plans to announce a distributor agreement as beer distributors are evaluated and selected. The Company is in discussions with several beer distributors that cover multiple regions and states. In addition to distributors, Sipp Industries and Ute Pass is working with local retail chains and stores within the State of Colorado like Whole Foods Market to carry hemp beer.
As high volume customers are secured, the Company will determine which brewers to use for larger production. Between Ute Pass Brewing, Crazy Mountain Brewery and others, the Company believes it has the right partners in place to deliver on any sized order for hemp beer.
Sipp Industries’ subsidiary Major Hemp is in final discussions for a supply agreement with a Colorado hemp farm that has produced a “beer soluble” CBD liquid that was tested at Ute Pass Brewing Company last week. Initial results have proven this CBD liquid mixes extremely well with the hemp beer produced at Ute Pass Brewing Company. Major Hemp is working with Ute Pass to formulate the perfect CBD beer and an initial 10-gallon batch is expected to be completed by early next month.
Chief Executive Officer Syman Vong concluded, “There are little or no hemp and CBD beers on the market today in the U.S. With the concept proven, we believe we can fully capitalize as a first mover and major producer of hemp beer.”
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 https://sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter: @SippIndustries
Contact:
Syman Vong, CEO
Sipp Industries, Inc.
Investor Relations
ir@sippindustries.com
949.220.0435
