Company to launch Blue Bear Vodka and explore markets for CBD and THC infused drinks
Costa Mesa, Calif .– (Newsfile Corp. – February 19, 2021) – Sipp Industries, Inc. (OTC PINK: SIPC), a multi-faceted company specializing in the manufacture and distribution of commercial and consumer products, and the producer of craft hemp- infused beer and other fine alcohols and soft drinks, announces new business opportunities in the field of spirits and cannabis drinks.
Sipp Industries worked with a local distillery to produce a range of craft spirits. The range under study includes vodka, gin and whiskey. Products will be produced and launched in phases throughout this year.
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The company is expected to launch Blue Bear Vodka early next month as a first product. Blue Bear is an artisanal vodka distilled from cane, recording 40% alcohol by volume or 80 proof. It is six times distilled and available in 750 ml bottles.
The Blue Bear Vodka label has been approved and the company is finalizing the packaging with immediate production. Additional information regarding the vodka and the launch will be provided in the coming weeks.
The Company is also in discussions to organize the distribution of the product starting with the local distributors of the distillery and the national distributors of Elite Beverage. The vodka will be available in retail stores as well as in online stores.
The Company remains in contact with the Food and Drug Administration (“FDA”) and the Alcohol Tobacco Tax and Trade Bureau (“TTB”) regarding its recipe for cannabidiol beer (“CBD”). This is still pending approval by both parties until further regulatory clarity is provided by the government, which is expected later this year. As federal cannabis laws continue to evolve, Sipp Industries is positioned for rapid revenue approval, which remains a high priority for the company.
To capitalize on the booming cannabis beverage industry, the Company is continuing discussions with a partner company to develop alcohol-free beers infused with CBD and THC. These new products will not need TTB approval and will initially be intended for medical marijuana dispensaries in the South West region. The Company has received keen interest from several dispensaries to carry these two product concepts.
Earlier this year, Molson Coors announced the launch of its first CBD drinks in Colorado and Canopy Growth, backed by Constellation in the United States, is expected to enter legal cannabis markets in California and Illinois later this year.
In addition to developing its own brands, Sipp Industries will continue to work with its partners Elite Beverage and Green Cures and Botanical Distribution (“Green Cures”) for wider distribution of Tequila Comisario and Contagin. The company will remain a distribution partner of Green Cures for Contagin, but manufacturing and brand ownership will remain under Green Cures.
About Sipp Industries, Inc.
Sipp Industries is a multi-faceted company specializing in the manufacture and distribution of commercial and consumer products, as well as producers of hemp-infused craft beer and other alcoholic and non-alcoholic beverages.
This press 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. These statements include the intention, belief or current expectations of the Company and its management team.
Forward-looking statements are projections of events, revenues, revenues, future savings, 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. Potential investors are cautioned that these 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 forward-looking statements due to various factors. The implementation of the strategy described here is significantly dependent on many factors, many of which are not under management’s control.
Sipp Industries, Inc.
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