Sipp Industries (OTCMKTS:SIPC) has announced the official launch of newly developed Major Hemp H-IPA beer in cans on November 2, 2018. Alcohol and Tobacco Tax and Trade Bureau (TTB) has approved the label for new Hemp IPA beer. The company has completed all the formalities to sell the new Hemp beer in cans to the customers.
Ted Jorgensen, President of Major Hemp, a wholly owned subsidiary of Sipp Industries, said the company is very happy to receive the approval for the label from TTB. The new beer in cans will be available in next week for consumers.
The company has incorporated certain changes in the name and design of hemp beer to comply with regulations. As a result, the initially suggested name “Major Hemp HIPA” is changed to Major Hemp H-IPA as per the request of TTB. The company has overcome major hurdles and obtained final approval for the commercial launch of canned Major Hemp H-IPA beer. The customers can purchase hemp infused beer from an online store in 16 oz cans.
Sipp Industries Enters Into a Financing Deal with Wanderport Corp. (OTCMKTS:WDRP)
Sipp Industries has announced securing bridge line of credit worth $500K from Wanderport Corp. (OTCMKTS:WDRP). The company shall use this credit for production and development of beverages, sales/ marketing activities. The company has an option to increase the line of credit to $1 million.
It is on the backdrop of a partnership accord between Wanderport Corp and Sipp Industries through a share stock swap deal worth 25 million in September 2017. Wanderport Corp has realized $1.5 million gain at the current rate of Sipp Industries shares.
Naturally Splendid Enterprises Ltd (OTCMKTS:NSPDF) Enters Into a Sales Accord With Sipp Industries
Naturally Splendid Enterprises Ltd (OTCMKTS:NSPDF) has announced signing a sales accord with Sipp Industries Inc. The later has received an approval for including an ingredient – HempOmega in Newly developed Hemp Beer in the states of Illinois and Colorado.
As per the terms of the accord, Sipp Industries has got exclusive rights to procure HempOmega from Naturally Splendid for use in hemp beer recipe. The hemp beer recipe will be sold to 3rd party beverage companies based in Illinois, and Colorado.