Sipp Industries Announces New Supplier Contract with Wanderport
Corporation and Provides Corporate Updates
Costa Mesa, CA - June 29, 2017 - InvestorsHub NewsWire - Sipp
Industries, Inc. (OTC:
SIPC), a multifaceted corporation specializing in technology,
manufacturing, and distribution of commercial and consumer products
announces it is supplying Cannabidiol (CBD) to Wanderport
Corporation for its coffee and has signed on as the primary
distributor of the CBD coffee. The Company also announces progress
with its Tobacco and Trade Bureau (TTB) and Wholesale alcohol
licenses in addition to a new corporate office location of
wholly-owned subsidiary Major Hemp.
Sipp Industries has been selected to supply bulk CBD to
Wanderport Corporation for its Sapa CoffeeTM line. Additionally,
the Company has signed on as the primary distributor of CBD coffee
in the state of Colorado for Wanderport. The Company believes this
unique product will fit nicely in its beverage portfolio including
Major Hemp Brown Ale. Over the past six months the popularity of
Major Hemp Brown Ale has increased significantly throughout the
Colorado market now exceeding over 25 locations that continue to
reorder the premium hemp beer.
Sipp Industries has established valuable supply chain
partnerships throughout the Colorado hemp and medical and
recreational marijuana industries and has begun selling Wanderports
CBD coffee to a number of dispensaries in Colorado. President of
subsidiary Major Hemp Ted Jorgensen commented, We received our
initial shipment of CBD coffee from Wanderport and have it selling
in the prominent Platte Valley Dispensary in Denver. This is
another exciting product to bring under our umbrella and to
showcase throughout the Denver community and established
customers.
Sipp Industries also reports it has made significant progress
with the Alcohol and Tobacco and Trade Bureau through advancing
licensing opportunities which is critical to expand sales of hemp
and CBD beer. The Alcohol and Tobacco and Trade Bureau is a bureau
under the Department of Treasury. At the TTB, the governmental
organization enforces the Federal Alcohol Administration Act
(FAAA).
Jorgensen stated, With our proven concept and growing list of
customers we are taking the next steps from a legal and licensing
standpoint with the TTB. This takes time and we are well on our way
with the process.
The Company also reports it will relocate the office of
wholly-owned subsidiary Major Hemp from Colorado Springs to Denver.
This strategic move enables the Company to better serve the growing
list of establishments carrying Major Hemp Brown Ale as well as
future beer varieties the Company is planning. Jorgensen continued,
The total number of establishments carrying our beer is approaching
30 and having an office in close proximity will help solidify our
relationships and reorders.
Chief Executive Officer Syman Vong concluded, 2017 has been an
exciting year with multiple milestones and accomplishments met. We
are extremely excited about the next growth phase of our company
and look forward to keeping our shareholders updated on our
progress.
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 managements 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
managements control.
Contact:
Ted Jorgensen
Major Hemp President
Sipp Industries, Inc.
Investor Relations
ir@sippindustries.com
949.220.0435