Company provides update on Texas brewing and distribution initiative
COSTA MESA, CA – (GlobeNewswire – September 10, 2019) – Sipp Industries, Inc. (OTC: SIPC), a 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 the latest run of Major Hemp HIPA is being packaged and shipped to Sparta Beverage in Kansas City, Missouri for distribution throughout the states of Missouri and Kansas.
The Company continues to work through regulatory hurdles with the Alcohol Tobacco Tax & Trade Bureau (TTB) concerning the use of cannabis and alcohol, which has significantly delayed orders of Major Hemp HIPA outside the states of Illinois and Iowa.
Ted Jorgensen, President of wholly-owned subsidiary Major Hemp, stated, “We are excited to receive our first major order from distribution partner, Sparta Beverage. It has taken over four months to work with and meet the requirements of the state of Missouri. We are happy to overcome this hurdle and Sparta has already pre-sold most of the inventory.”
The Company is working through similar regulatory requirements with the Texas Alcoholic Beverage Commission (TABC) with Texas based brewing and distribution partner, Nine Band Brewing. Relevant paperwork and documentation has been submitted to the TABC and the Company is awaiting official approval from the state of Texas. Upon approval, Nine Band Brewing will immediately begin production of Major Hemp HIPA. Sipp Industries expects Texas and the southern market will be significant revenue drivers for the Company.
The Company’s CBD beer recipe has been submitted to both the TTB and the FDA, and is still awaiting final approval. The recipe was prepared with THC free CBD which the Company believes will be critical in gaining approval.
About Sipp Industries, Inc.
Sipp Industries is a 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.
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
