Sipp Industries, Inc. (OTC: SIPC) is an exciting multifaceted corporation specializing in technology, manufacturing and distribution of commercial and consumer products. The stock has a history of short term pops over the past year.
On December 13 SIPC announced Major Hemp H-IPA is now being carried in 55 locations throughout the state of Illinois. The company reports that over the past few weeks, local establishments, pubs and liquor stores have expressed a significantly increased interest in selling the premium hemp-infused craft beer. In order to ramp up production, distribution and dissemination of its Hemp beers, Sipp Industries is in the process of submitting multiple recipe and Certificate of Label Approvals (COLA) to the Alcohol and Tobacco Tax and Trade Bureau (TTB). Once approved, this will permit the company to sell Major Hemp H-IPA in Colorado, and its first hemp-infused craft brew, Major Hemp Brown Ale, in both Colorado and Illinois. With two craft beers selling in two states, this expansion will allow for a potential quadrupling of sales within the next few months.
Sipp Industries, Inc. 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.
SIPC Major Hemp’s beer is classified as an American Brown Ale. On its own the hemp powder has a walnut flavor and produces some earthly characteristics when brewed with the beer. The medium malt interaction creates balance and the hops leave a subtle dryness on the back of the pallet. That’s also where the hemp maintains its originality. The Ale contains Hemp which is rich in essential fatty acids such as Omega 3 and 6. It does not contain THC and is legal in all 50 states.
Major Hemp Brown Ale is being distributed by Colorado Craft Distributors (CCD) and is currently being served in over forty-five establishments in the state of Colorado. Reorder interest is high and CCD will be actively fulfilling orders for the next few weeks. The momentum of the hemp beer has taken root in the greater Denver area and the Company expects to win numerous more new locations this year. It also had made contingency plans to more than triple production to fulfill expected near term demand.
On October 24 SIPC announced its highly anticipated inaugural launch of its Hemp IPA beer, Major Hemp H-IPA, in cans. The Company received confirmation from the TTB yesterday that the label for its new Hemp IPA beer has been approved, completing the final step in the regulatory process which permits individual containers of beer to be sold to consumers.
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This milestone achievement marks the beginning of a new era for Sipp Industries, as it continues its quest to develop a diverse lineup of unique craft beers to build around its current pair of Hemp-infused Brown Ale and IPA beers. At the present the Company will be focusing on the release of its first rendition of canned hemp beer. Customers will be able to enjoy Major Hemp H-IPA on draft as well as in 4-packs of 16 oz. cans, which can be purchased onsite.
On December 6 SIPC announced Major Hemp H-IPA is now being carried in twenty-seven locations throughout the state of Illinois, including restaurants, pubs and liquor stores. Sales of the Company’s Hemp-infused IPA in cans have been very brisk, exceeding both internal and external expectations. As a result, the Company has initiated a second brewing run of Major Hemp H-IPA this week, with completion projected to occur by the end of December. In response to the high demand for Major Hemp H-IPA, the Company’s distributor Wein-Bauer has recently purchased the remaining inventory in order to fulfill purchase requests from new customers.
Chief Executive Officer Syman Vong comments, “Our expanding team has been extremely busy over the past several weeks. Our efforts are paying off handsomely, with a rapidly growing list of notable customers that will open up expansion opportunities for us nationally. 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.”
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Currently trading at an $12 million market valuation SIPC has little assets, small growing revenues and is debt free. SIPC is an exciting story developing in small caps; SIPC subsidiary, Major Hemp, provides hemp beer and they Company just launched its Hemp IPA beer, Major Hemp H-IPA, in cans. SIPC has quickly attracted a fast growing shareholder base who is bidding SIPC higher. We will be updating on SIPC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SIPC.
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Disclosure: we hold no position in SIPC either long or short and we have not been compensated for this article.