Loading, Please Wait...
COSTA MESA, Calif., March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--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 has sold out of its remaining inventory of Major Hemp hemp-infused IPA, HIPA.
The rapid sales of Major Hemp HIPA throughout the Company’s growing distribution network in Illinois, Iowa and Missouri has completely depleted the remaining inventory of cans and kegs, creating a necessity to fast-track the next round of beer. In preparation for additional orders, the Company has moved up the production schedule and expects fresh HIPA inventory to be available by the first week of April.
Sipp Industries is currently in discussions with multiple breweries and distributors in a number of states including Colorado, California, Florida and Texas. In addition, the Company plans to introduce Major Hemp Brown Ale in cans to sell alongside its craft hemp-infused IPA brew.
President of wholly-owned subsidiary Major Hemp, Ted Jorgensen, commented, “Orders from our existing customers remain very strong and as a result we have already pre-sold most of the next batch of Major Hemp HIPA. As we approach springtime, we plan to significantly increase the size of our production runs. This is an exciting time for the Company as we continue our growth and expansion into new markets throughout the Midwest and beyond.”
Sipp Industries is also in talks with its partner Wanderport (OTC Markets: WDRP) and Elite Beverage International to explore and leverage the respective company’s affiliated distributors to cross sell each other beverages.
“We are thrilled to see the rapid adoption of Major Hemp HIPA by craft-beer consumers throughout the Midwest. Our IPA has been selling well and we are eager to introduce our hemp-infused Brown Ale to the same market as well as introducing both beers to other major territories,” 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 production and selling 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.
About Wanderport Corporation
Wanderport Corporation is a premier manufacturer and distributor of food, beverages and consumer products made with hemp. Its premium quality coffee blends are currently being sold in a growing number of grocery stores and small businesses in the Southern California territory. Its products are also sold online at www.sapacoffee.com and www.amazon.com.
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.
Major Hemp President
Sipp Industries, Inc.