Sipp
Industries Announces Locations Carrying Major Hemp H-IPA More Than
Double In December
Major
Hemp H-IPA Now Available in Over 50
Establishments as
Demand Intensifies Throughout Illinois
COSTA MESA, CA
-- December
13, 2018 -- InvestorsHub
NewsWire -- Sipp Industries, Inc.
(OTC:
SIPC), a multifaceted corporation specializing in technology,
manufacturing and distribution of
commercial and consumer products, announces Major Hemp
H-IPA is now being carried in 55 locations throughout the state of
Illinois. The company reports that over the past few
weeks,
local establishments, pubs and liquor stores have expressed a
significantly increased interest in selling the premium
hemp-infused craft beer.
Sipp
Industries' distributor
Wein-Bauer continues to make inroads with key customers and has now
placed Major Hemp H-IPA in
more than 20
store
locations of Binny's Beverage Depot, the
largest beer and liquor chain in the state of Illinois. In
addition, the company is in final discussions with two key national
convenience and grocery store chains that have verbally committed to
carrying Major Hemp H-IPA. After the completion of final approvals,
Major Hemp H-IPA is expected to be placed into initial locations
over the coming weeks.
President Ted
Jorgensen of wholly-owned subsidiary, Major Hemp stated,
"Our
hemp beer has exceeded
expectations, which is a testament to the brewing and distribution
partners we have selected. The next run of Major Hemp H-IPA,
expected be completed by the end of the year, will be considerably
larger in order to enable timely fulfillment of our current
retailers as well as new customers."
In order to ramp up
production, distribution and dissemination of its Hemp beers, Sipp
Industries is in the process of submitting multiple recipe and
Certificate of Label Approvals (COLA) to the Alcohol and Tobacco
Tax and Trade Bureau (TTB). Once approved, this will permit the
company to sell Major Hemp H-IPA in Colorado, and its first
hemp-infused craft brew, Major Hemp Brown Ale, in both Colorado and
Illinois. With two craft beers selling in two states, this
expansion will allow for a potential quadrupling of sales within
the next few months.
Recent events in
Congress have paved the way for the national legalization of Hemp
and all of its constituents, including cannabidiol (CBD). Following
an
87-13 vote on Tuesday in the Senate, a 369-47 vote on Wednesday
afternoon in the House of Representatives clinched the passage of
the $867 billion "Farm Bill"
through
both chambers. Tucked inside the 807-page bill is Senate Majority
Leader Mitch McConnell's Hemp Farming Act of
2018, which removes Hemp and Hemp-derived CBD from the Schedule of
Controlled Substances. This federal legalization of Hemp and
Hemp-CBD is expected to radically transform the scope of the Hemp
industry in the United States. Brightfield Group, one of
the preeminent analytical forecasters in the cannabis space, is
projecting the Hemp-CBD market to grow from $600 million in 2018 to
$22 billion in 2022. Hemp-infused and CBD-infused beverages are
anticipated to be one of the most rapidly growing
divisions within this new American Hemp economy.
Chief Executive
Officer of Sipp Industries, Syman Vong, concluded,
"We have been
inundated with demand for Major Hemp H-IPA since it was launched in
November. With the recent passage of federal hemp legalization
through Congress, we anticipate that requests for our Hemp-infused
IPA will multiply at a greater rate and opportunities for the
national expansion of our company will open up, given the increased
acceptance and decreased stigma surrounding hemp-infused
alcoholic beverages. In addition, we are now beginning to receive
inquiries about CBD-infused versions of Major Hemp beer. So the
past several weeks have been a really fantastic period of time for
our company. Utilizing our successful business model of
hemp beer development, production and distribution, we will
continue to procure additional breweries and distributors in other
states, taking the Major Hemp brand of Hemp-infused craft beer into
different regions of the country, propelling our
company's growth throughout
2019 and beyond."
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:
http://www.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
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