Sipp
Industries Provides Update on Major Hemp HIPA Expansion
Major
Hemp HIPA now available in over 250 locations across the
Midwest
COSTA MESA, CA --
July 31, 2019 -- InvestorsHub NewsWire -- Sipp
Industries, Inc.
(OTC:
SIPC), a 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, updates
shareholders on continued market penetration of Major Hemp
HIPA in over 250 locations
throughout the states of Illinois, Missouri, Iowa and
Kansas.
In the Illinois
market, Tony's Finer Foods has completely sold
out of the initial trial run of
Major Hemp HIPA that began
in
April.
Sipp
Industries' local Chicago area distributor, B&D Syndicate
(formerly Wein-Bauer), reported it has received orders of Major
Hemp HIPA for six new Tony's
stores
throughout the greater Chicago area and expects to
capture the remaining 13 stores by the end of the year.
During the second
quarter, Major Hemp HIPA opened up new markets in Central and
Southern Illinois, as well as the state of Iowa, with distributors
Egizzi and Mahaska.
Both
distributors have reported strong sales of Major Hemp HIPA and are
gradually exhausting their initial inventory. A new 30bbl run of
HIPA has
started
a few
weeks ago and will be
available shortly
with
distributors
standing
by to place
orders.
The
Company
continues
to work through Certificate of Label Approval (COLA)
for the state of Missouri which has been delayed by regulatory
authorities due to hemp being an ingredient.
Official
approval is expected in August. Sipp Industries' Missouri
distributor, Sparta Beverage, has pre-orders it will fulfill as
Major Hemp HIPA is authorized to be sold in the
state.
Over the course of
2019, the primary focus of Sipp Industries and subsidiary Major
Hemp has been to expand its geographic footprint nationally.
The Company
reports
that significant progress is being made in Texas with new contract
brewing partner Nine Band Brewing Company. Currently, the
brewing infrastructure is in place and ready to go immediately
following regulatory approval.
The Texas Alcoholic
Beverage Commission (TABC) has an extensive list of requirements of
which the Company
is
currently working through.
It is
expected to be completed and approved over the next 4-5
weeks. Pending this, Sipp Industries plans to have access to
the vast majority of the Southern states and as far west as
California where the Company
is
proactively negotiating distributor terms.
President Ted
Jorgensen of wholly-owned subsidiary, Major Hemp, stated, "We are
very excited for the next 3-6 months as Major Hemp HIPA is
positioned for national expansion with our existing brewing
partners and distributors.
There is
no shortage of interest and demand for Major Hemp HIPA and our
focus remains attracting more distributors regionally and
nationally."
About Sipp
Industries, Inc.
Sipp Industries is a
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.
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