Sipp Industries Inc (OTCMKTS:SIPC) shares were up 5.22% to $0.0260 on Thursday and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.06. The company has a market cap of $11.75 million at 469.86 million shares outstanding.
In a press release, Sipp Industries Inc announced that it received its first reorders of Major Hemp Brown Ale and the confirmation of 23 establishments carrying the premium hemp beer throughout the state of Colorado. This drink is expanding its presence in the Denver area as well as new cities Aurora, Littleton, Broomfield, Wheat Ridge and Englewood. It has also received reorders for Major Hemp Brown Ale from initial deliveries in February.
Last month, Sipp Industries Inc sponsored a 4/20 event at Stout Street Social where wholly-owned subsidiary, Major Hemp, provided additional Major Hemp Brown Ale and dehulled hemp seeds for special hemp appetizers and meals.
“It was an extremely busy event and it was great to see patrons enjoying our beer to commemorate this special day. It was a great venue to showcase our Brown Ale and introducing it to new beer enthusiasts,” remarked Sipp Industries Inc President Ted Jorgensen.
The company has also nvested in equipment that enables professional samples of Major Hemp Brown Ale to be delivered to more establishments and higher volume potential buyers in partnership with distributor Colorado Craft Distributors. This equipment is also being used for producing.
“Our water soluble CBD blends perfectly with a number of beers weve tested at Sleeping Giant Brewery. The next step is determining the right beer, demand, and launch strategy,” Jorgensen continued.
Sipp Industries Inc has lans to expand the Major Hemp Brown Ale concept to other breweries and geographic regions such as California, Illinois and New York as it believes that its proprietary blend is unique for brewers interested in hemp beer and is currently seeking partnerships and joint ventures within these specific geographic regions.
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 high quality and competitively priced hemp based products, bulk hemp, CBD supply, co-packing and private labeling services.