Sipp
Industries Submits CBD Beer Formula to the Alcohol and Tobacco Tax
and Trade Bureau
Company
receives official approval of Wholesale License from TTB allowing
expansion into additional states
COSTA MESA, CA --
March 12, 2019 -- InvestorsHub NewsWire -- Sipp Industries, Inc.
(OTC:
SIPC), a multifaceted
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 that it has submitted a new
Cannabidiol
(CBD) beer
formula
to
the Alcohol and Tobacco
Tax and Trade Bureau (TTB).
TTB is
the
primary federal regulator of the alcohol industry in the
United States.
Sipp
Industries' CBD-infused
beer formula has been
under development since 2017, when the first test
batch was
produced. The recipe has
undergone
continual refinement since
to
achieve a carefully orchestrated balance of hops, malt,
hemp, terpenes and
cannabinoids in order to optimize the color, aroma, carbonation and
overall flavor profile of the formulation.
The Company submitted its
final version of this Hemp and
CBD-infused craft
beer recipe in February
along
with all of the required
regulatory documentation,
including sourcing data and laboratory testing.
With the passage of
"The 2018 Farm Bill" which federally legalized Hemp and
Hemp-derived CBD for the first time in
over 80 years, a number of states have recently permitted the
brewing of CBD-infused beer.
Ted Jorgensen,
President of wholly-owned subsidiary, Major Hemp, stated, "We were
waiting until the timing was right
before submitting our CBD beer
formula
to the TTB. The removal of
Hemp-CBD
from the Schedule of Controlled Substances also removed
the
DEA from
the
equation.
With the biggest obstacle to
the CBD-infused beer industry eliminated,
there is no
better
time to introduce our
amazing new beer."
The
Company also reports
that it has recently received its wholesale license from the
TTB which
enabled
it
to expand
into
additional states. Among its next
initiatives is the production and distribution of Major Hemp
HIPA and Major Hemp
Brown Ale in Colorado with brewing partner, Sleeping
Giant.
As Major Hemp HIPA
continues its rapid
expansion
throughout the Midwest, the Company strongly
believes CBD-infused
beer will
be a great
addition
to its growing portfolio of
hemp-infused craft brews.
"Cannabis-infused
beers are expected
to continue
showing
strong
growth in
the craft beer sector. We believe CBD-infused beer will be
in
great
demand and we are aiming to
gain first-mover advantage. With the
continuing focus on
our mission of creating a diverse
array of specialty cannabis brews, our
CBD
beer
will
fit in
very nicely alongside our existing hemp-infused
beers, Major Hemp HIPA and Major Hemp Brown Ale," commented
Syman
Vong,
Chief Executive Officer.
About Sipp
Industries, Inc.
Sipp Industries is a
multifaceted 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. Through its wholly
owned subsidiary, Major
Hemp, the Company provides hemp infused
beer,
high quality and competitively priced
hemp-based products, bulk hemp and
CBD
supply.
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