Sipp Industries Enters Strategic Partnership for Launch of Major
Hemp Brown Ale, Exclusive Premium Hemp Beer
COSTA MESA, CA -- November 14, 2016 -- InvestorsHub NewsWire --
Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing
in technology, manufacturing, and distribution of commercial and
consumer products is pleased to announce the Company has officially
executed an agreement with the distinguished Denver based contract
brewery, Sleeping Giant Brewing Company.
The distinctly formulated hemp-infused brew was unveiled at a
successful Colorado 4/20 event, where it received favorable reviews
for its appealing color and authentic taste. Major Hemp President,
Ted Jorgensen, has closely collaborated with the owner of Sleeping
Giant, Matthew Osterman, over the past few weeks. Together they
have optimized the recipe development, formulation, and samples.
Working with proprietary water-soluble hemp powder, Jorgensen and
Osterman determined that the Brown Ale style of craft beer blends
best with hemp powder. This infusion provides a smooth refreshing
taste while enhancing the beer with the numerous healthy attributes
that hemp is so highly recognized for.
The Company has funded the initial segment, securing a brewing
run of 90 kegs. Pre-production interest is high, in anticipation of
its scheduled production run in mid-December. Product availability
is scheduled for January. Negotiations are underway, and initial
sales are set to consist of kegs that are slated to be distributed
across the affluent Denver craft brewery scene shortly after the
first of the year. Once validated, Sipp Industries plans to embark
on an aggressive strategy to bottle and distribute nationwide.
Jorgensen stated, Matthew and his team run a first-class
contract brewing operation. We highly expect that this partnership
will enable the company to scale up to meet even our strongest
anticipated demand projections. We are very confident with their
capability to handle a strong start, as we perfect and launch the
brand we wholly own.
This is a significant milestone for the Company. Aligning with
Sleeping Giant Brewing Company has enabled Sipp Industries to
wholly own all legal rights and intellectual property to this hemp
beer recipe. Because Sleeping Giant does not brew their own beer,
the potential for any conflicts of interest with ownership and
intellectual property is basically non-existent. Maintaining a
70,000 square foot facility just outside Denver affords Sleeping
Giant the capacity to produce up to 200,000 barrels a year.
Moreover, located in the heart of the Denver craft brew scene, it
enables the Company to bolster brand awareness locally, and keep
transportation costs down. This new partner also has access to
local and national distributors, which will facilitate Sipp
Industries with the benefit of full turnkey brewing and
distribution capabilities. For more information about Sleeping
Giant Brewing Company, visit: http://www.sleepinggiantbrewing.com/
In addition to the Companys hemp infused beer, formulation is
underway on a Hemp IPA and CBD blend. Developments are continuing
and the Company plans to keep investors updated as events
unfold.
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 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