Sipp
Industries Announces The Official Launch Of Newly Developed Hemp
IPA Beer In Cans
Certificate of Label
Approval (COLA) from the Alcohol and Tobacco Tax and Trade
Bureau (TTB)
for Major
Hemp H-IPA has been granted
Costa Mesa, CA --
October 24, 2018-- Sipp Industries, Inc. (OTC:
SIPC), a multifaceted corporation specializing in technology,
manufacturing and distribution of commercial and consumer products,
is excited to announce the highly anticipated inaugural launch of
its Hemp IPA beer, Major Hemp H-IPA, in cans. The
Company received
confirmation from the TTB yesterday that the label for its new Hemp
IPA beer has been approved, completing the final step in the
regulatory process which permits individual containers of beer to
be sold to consumers.
This milestone
achievement marks the beginning of a new era for Sipp Industries,
as it continues its quest to develop a diverse lineup of
unique
craft beers to build around
its current pair of Hemp-infused Brown Ale and IPA beers.
At the
present the
Company will be
focusing on
the
release of its
first
rendition of canned hemp beer.
President Ted
Jorgensen of wholly-owned subsidiary, Major Hemp, comments,
"We are very
excited to receive COLA
approval from the TTB and thrilled that
cans of
Major Hemp H-IPA will be available next week. It has been a
long journey,
one filled with a variety of regulatory hurdles, but we have now
crossed the most important bridge. It is time for us to transition
from formulation
and
package
design to
bolstering our sales and
marketing
department in order to maximize
sales and
distribution of Major Hemp H-IPA."
A slight change
in the design and
naming of
the newly developed hemp beer was required due to strict
regulations for cannabis-infused beer. After modifications to the
initially submitted name of "Major Hemp HIPA" were made at the
request of the TTB, "Major Hemp H-IPA" was formally granted
acceptance.
Due to the naming and
label changes, the Company had
rescheduled the Major Hemp H-IPA
launch to
Friday,
November 2nd at Church Street Brewing Company in Itasca, IL.
Customers will be able to enjoy Major Hemp H-IPA on draft as well
as in 4-packs of 16 oz. cans, which can be purchased
onsite.
Sipp Industries is
currently in the final stages of selecting multiple well-known
distributors for the Chicago market that carry such brands as
Rolling Rock, Stella Artois, Dos Equis,
Beck's, Tecate
and
Labatt's Blue. These
distributors'
channels
reach some of the largest and most well-known grocery and alcohol
retail chains in the Chicago market. The Company expects to
have definitive distribution
agreements
signed in early
November.
"This
has been
a very exciting year for the cannabis-infused beer industry.
Between Constellation Brands' decision to invest over $4 billion in
Canopy Growth and the continued inclusion of federal hemp
legalization in the 2018 Farm Bill,
the interest in hemp-infused beer continues to increase
significantly. With
the challenging regulatory requirements of the alcohol and cannabis
sectors behind us, our focus is now on growing sales and
scaling our hemp infused
beers," commented
Syman
Vong,
Chief Executive Officer. "Over the coming
weeks, we will actively
work with distribution
partners to take our
H-IPA
to the
highest levels in the Chicago-area supply chain. It has been a
challenging endeavor
and we
wish to thank all our business partners, customers and shareholders
for their unwavering support. We are very excited about our Major
Hemp H-IPA and trust that it will be very well received
both
domestically and internationally," concluded
Vong.
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