Ute Pass Brewing Company Has the Largest Event Turnout Ever
During Hemp Beer Launch
COSTA MESA, CA -- April 22, 2016 -- InvestorsHub NewsWire
-- Sipp Industries, Inc. (OTC Markets: SIPC), a diversified
conglomerate corporation specializing in technology, manufacturing
and distribution of commercial and consumer products reports a
successful initial launch of hemp beers: Major Hemp Porter,
Highpoint Amber Hemp, Honey Nut Wheat, Hemp Hop and Roasted
ESB.
The co-hosted event by Major Hemp and Ute Pass Brewing Company
on 4/20 exceeded attendance expectations and at times was standing
room only. Feedback from the hemp beer sampling was overwhelmingly
positive. Major Hemp President Ted Jorgensen stated, The aroma,
appearance and taste of each hemp beer far exceeded my
expectations. We also received excellent feedback from patrons and
shareholders that attended the event.
Ute Pass Brewing Company Founder and Owner Todd DeRemus viewed
the event as extremely positive. These five hemp beers were some of
best craft beers we have ever developed. Major Hemps ingredient
mixture enabled our brewers to truly use their imagination and the
end product speaks for itself, commented DeRemus. Both companies
realize the significant potential of these hemp beer recipes and
plan to secure intellectual property through trademarks and
patents.
Having succeeded in research, development, manufacture and proof
of concept the Company is evaluating next steps to capture market
share and maximize shareholder value.
Ute Pass Brewery Company has the capacity to produce up to
300,000 gallons of beer per year and is adequate for near term
small runs. For larger runs to support wider distribution,
production will be carried out by Major Hemps larger partner, Crazy
Mountain Brewery.
As intellectually property for proprietary hemp ingredients and
brewing processes are secured, the Company is considering the
potential of licensing patented hemp beer formulations and
processes to other breweries and beer manufacturers.
According to the Brewers Association, craft brewers produced
24.5 million barrels in 2015 representing 21% market share and an
estimated retail value of $22.3 billion. The craft beer industry
has matured tremendously over the past decade. The diversity and
quality of the beers are amazing. Combining the health benefits of
hemp and a unique beer makes the end product even more incredible,
commented Syman Vong, Chief Executive Officer. The feedback to the
initial beer line has been overwhelmingly positive. We are very
excited about its market potential and looking to explore
opportunities with our existing and other strategic partners to
bring it to the broad market, added Vong.
About Sipp Industries, Inc.
Sipp Industries is a conglomerate 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 bulk
hemp, CBD supply, co-packing and private labeling services. For
more information, please visit http://www.sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter:
@SippIndustries
Contact:
Syman Vong, CEO
Sipp Industries, Inc.
Investor Relations
ir@sippindustries.com
949.220.0435