Naturally Splendid Provides Expanded Distribution Update of HempOmega™ Infused Beers
December 13 2018 - 8:00AM
Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE”
or “The Company”) (TSX-V:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is
pleased to provide the following highlights with respect to
expanded distribution of Sipp Industries, Inc. (“Sipp”) (OTC: SIPC)
HempOmega™ infused Major Hemp H-IPA beer.
On October 24, 2018, Naturally Splendid
announced an Exclusive Sales Agreement with Sipp which granted Sipp
limited exclusive rights to purchase HempOmega™ for use as a beer
beverage additive in its Alcohol Tobacco Tax Trade Bureau (“TTB”)
approved hemp beer recipe, and to sell its TTB approved hemp beer
recipe to third party beverage companies, in Colorado and Illinois
on an exclusive basis pending meeting certain volume and activity
levels.
Naturally Splendid is pleased to advise that in
October 2018, Sipp launched its hemp IPA beer, Major Hemp H-IPA, in
cans. Sipp has now signed a definitive distribution agreement
with Wein-Bauer, Inc. to distribute the newly launched premium
craft beer containing HempOmega™. Wein-Bauer, Inc. operates with a
primary distribution center just outside of Chicago and boasts
regional offices on both coasts, including partnerships with
brokers in key states which Sipp indicates will enable Major Hemp
H-IPA to expand nationally. The two companies are currently working
together to fine tune distribution and marketing strategies.
Additionally, Sipp has won the approval of Binny’s Beverage Depot
for the placement of Major Hemp H-IPA in all 40 store locations in
the USA. 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 continues to add new locations weekly
around the greater Chicago area. In addition to Binny’s Beverage
Depot, Major Hemp H-IPA is currently being sold at other well-known
liquor stores including Leo’s Liquors locations, Kenwood Liquors,
Sunset Foods, Antioch Fine Wine & Liquor, Joe’s Beverage
Warehouse, and the first Armanetti Beverage Mart, a chain
consisting of 15 store locations throughout the state of Illinois.
New restaurants and pubs around the greater Chicago area are now
carrying Major Hemp H-IPA and include the likes of Sovereign Tap,
Happy’s, Beermiscuous, Bar Tini, and On The Rocks. The complete
list of locations carrying Major Hemp H-IPA is available on the
Company’s website at www.sippindustries.com.
Sipp Chief Executive Officer Syman Vong
comments, “As one of the pioneers in the Hemp Beer industry,
marketing and branding is now a bigger focus than ever as we work
diligently to capitalize on this unique opportunity of being the
first publicly traded Hemp Beer company in America. We are very
pleased with our brewing and distribution partners and expect
demand for Major Hemp H-IPA to grow exponentially as we head into
2019.” Naturally Splendid CEO, Mr. Doug Mason states, “We are most
pleased with the distribution progress Sipp has made in such a
short time. The success of Major Hemp H-IPA is further validation
that our proprietary HempOmega™ has commercial application in many
sectors”. About Naturally Splendid Enterprises
Ltd.
Naturally Splendid is a biotechnology and
consumer products company that is developing, producing,
commercializing, and licensing an entirely new generation of
plant-derived, bioactive ingredients, nutrient dense foods, and
related products. Naturally Splendid is building an expanding
portfolio of patents (issued and pending) and proprietary
intellectual property focused on the commercial uses of industrial
hemp cannabinoid compounds in a broad spectrum of applications.
For more information e-mail info@naturallysplendid.com or call
Investor Relations at 604-673-9573. 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.
On Behalf of the Board of DirectorsMr. Douglas Mason CEO,
Director
Contact Information
Naturally Splendid Enterprises Ltd.(NSP – TSX Venture; NSPDF –
OTCQB; 50N Frankfurt)#108-19100 Airport WayPitt Meadows, BC, V3Y
0E2Office: (604) 465-0548Fax:
(604) 465-1128
E-mail: info@naturallysplendid.comWebsite:
www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Naturally Splendid cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
a number of material factors, many of which are beyond Naturally
Splendid's control including, Naturally Splendid's ability to
compete with large food and beverage companies; sales of any
potential products developed will be profitable; sales of shelled
hemp seed will continue at existing rates or increase; the ability
to complete the sales of all bulk hemp seed purchase orders; and
the risk that any of the potential applications may not receive all
required regulatory or legal approval. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, Naturally Splendid
undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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