Sipp Industries Announces Illinois' Largest Liquor Store "Binny's Beverage Depot" Now Carrying Major Hemp H-IPA
Binny's Beverage Depot approves Major Hemp H-IPA in all 40 locations throughout Illinois
COSTA MESA, CA -- November 28, 2018 -- InvestorsHub NewsWire -- Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in technology, manufacturing and distribution of commercial and consumer products, announces it has won the approval of Binny's Beverage Depot for the placement of Major Hemp H-IPA in all 40 store locations.
Founded by Harold Binstein in 1948, Binny's Beverage Depot is the largest independently owned liquor store in Illinois, attaining over $300 million in annual sales across 40 locations. Binny's Beverage Depot continues to open new stores throughout Illinois and has plans for broader expansion throughout the Midwest.
Sipp Industries and distributor Wein-Bauer met earlier this month to discuss expansion plans for Major Hemp H-IPA. Binny's Beverage Depot was an early target for retail distribution due to its stellar reputation and widespread exposure to the Chicago metropolitan area. Following a rigorous process to obtain approval, Major Hemp H-IPA was selected.
Over the past few weeks, the Company has been conducting onsite visits and samplings at Binny's Beverage Depot. The feedback on the taste of Major Hemp H-IPA has been overwhelmingly positive and the Company is continuing its efforts to saturate all 40 Binny's Beverage Depot locations throughout the state of Illinois. Major Hemp H-IPA is currently being sold at their Downers Grove, Elmwood Park, River Grove, Oak Brook, Orland Park, and Glen Ellyn locations, as well as two locations in Chicago. With full approval from Binny's Beverage Depot's corporate beer buying team, the Company expects to steadily increase the number of locations carrying Major Hemp H-IPA.
President Ted Jorgensen of Sipp Industries' wholly-owned subsidiary, Major Hemp, commented, "We are thrilled to win the approval of Binny's Beverage Depot. Once we learned about the possibility of working with Binny's and became acquainted with the vast potential of this relationship, we immediately set our sights on capitalizing on this enormous opportunity to showcase Major Hemp H-IPA to beer enthusiasts throughout Chicagoland. This is a major step in our strategic grow plans. In addition, the local beer buyers we have been speaking with have indicated Major Hemp H-IPA is the best tasting hemp beer on the market today, which we are ecstatic about hearing."
The Company also reports that in addition to Binny's Beverage Depot, its distributor Wein-Bauer has added multiple new accounts consisting of liquor stores, restaurants, and pubs, and is currently in discussions with a major convenience store chain and well-known upscale grocery store to carry Major Hemp H-IPA.
Chief Executive Officer of Sipp Industries, Syman Vong, concluded, "Achieving the approval of a well-renowned and selective liquor and beer chain like Binny's Beverage Depot really validates our product. This accomplishment has now set the stage for further expansion with additional major retail and grocery chains in the greater Chicago market."
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.
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.
Major Hemp President
Sipp Industries, Inc.