Sipp Industries
Announces Plans to Penetrate
Texas Market with Hemp and CBD-Infused Beers
Company
engages brewery in Dallas area as national expansion
continues
COSTA MESA, CA
-- May
2,
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 it is
finalizing terms and conditions with a large brewery in the greater
Dallas area to penetrate the state of Texas with
flagship
brew, Major Hemp HIPA, as well as
additional hemp and
CBD-infused beers.
Last
week
the Texas
House of Representatives,
by unanimous
vote
144-0, approved a bill
legalizing the
cultivation and production of hemp in Texas. House Bill
1325 which is authored by
Rep. Tracy King, D-Batesville, would
enable
farmers to grow hemp as an
industrial crop under
a regulated state program.
The bill,
which is now in Senate, would
also
legalize hemp-derived products made with
CBD
oil.
Ted Jorgensen,
President of Sipp Industries' wholly-owned subsidiary, Major Hemp,
completed high-level meetings with the owner and operator of a
large Dallas area brewery on producing
and distributing hemp and CBD-infused beers throughout Texas and
surrounding states. Jorgensen stated, "We've identified
a great
brewing
partner that will enable expanded production and geographic reach
for our hemp and CBD-infused beers. We are in the
process of testing an initial batch of Major Hemp HIPA with our TTB
approved formulas, and plan
to add
CBD beer pending final regulatory approval."
In
preparations for doing business in
Texas, Sipp Industries has
initiated the process of applying for licensing with the Texas
Alcoholic Beverage Commission (TABC). TABC is the state
agency that regulates all phases of the alcoholic beverages
industry in Texas from sales,
advertising, production and transport of alcoholic beverages
throughout the state of Texas.
The
Company
also
announces the latest run of Major Hemp HIPA with Church Street
Brewing Co. has been packaged ahead of schedule. The newly
brewed hemp-infused
beer is
being shipped to Midwest distributing partners including
Mahaska,
which has
reported strong initial sales throughout the state of Iowa
including
a notable national chain that is test sampling their first
hemp-infused craft beer.
Chief Executive
Officer of Sipp Industries, Syman
Vong
concluded,
"We are eager to add
Texas to our existing markets in Missouri, Iowa, Wisconsin, Kansas
and Illinois. Texas is one of the
largest U.S. markets in terms of beer
consumption.
The brewery's vast network of multi-state distributors
and
friendly
state
hemp
laws, present
an
outstanding
opportunity for us
to expand
our hemp and CBD-infused
beer
product lines nationally."
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 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