Sipp Industries Announces Joint Venture to Launch Premium Gin Brand
Company partners with Green Cures to launch "Navy Strength" high-proof gin
Costa Mesa, California--(Newsfile Corp. - May 4, 2020) - Sipp Industries, Inc. (OTC PINK: 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 craft hemp-infused beer, announces a new joint venture with Green Cures and Botanical Distribution (OTC PINK: GRCU) to launch a premium gin brand.
Sipp Industries and Green Cures have come to terms on a 50/50 joint venture to launch "Contagin" which is a premium, high-proof gin registering 57% alcohol by volume or 114 proof. The beverage is considered Navy Strength which indicated the gin is bottled at exactly 57% ABV (114 proof).
To view an enhanced version of this graphic, please visit:
Contagin is vapor infused with a medley of botanicals and terpenes that are sourced from a variety of plants including juniper berries, grains of paradise, angelica root and cannabis sativa (hemp). Contagin formula and label were submitted to the Alcohol Tobacco & Tax Trade Bureau (TTB) last Monday. The Company expects the recipe and Certificate of Label Approval (COLA) to be approved within the next 7 to 10 business days and set for production shortly thereafter.
Contagin will be distilled and packaged using Green Cures' existing craft spirits distiller and cross sold between Sipp Industries and Green Cures initially targeting online and national distributors. Contagin will be immediately available for sale online in 27 states including AK, AZ, CA, CO, CT, DC, GA, IA, ID, IN, KS, LA, ME, MN, MO, MT, NC, NE, NJ, NM, NV, NY, OH, RI, SC, WI, WY. The Company is expected to reach many more states and U.S. territories for online and direct delivery as sales progress in the next few months.
Sipp Industries also announces it is working with the Texas Alcohol Beverage Commission (TABC) to gain approval to market, brew and distribute TTB approved beers such as Major Hemp Brown Ale and Major Hemp HIPA throughout the state of Texas and online with new retail channels. The Company also have plans to expand throughout the Southwest and the West Coast as larger brewing capacity is achieved.
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 craft hemp-infused beer.
About Green Cures & Botanical Distribution, Inc.:
Green Cures & Botanical Distribution Inc., is a California based manufacture, wholesaler and distributor of hemp and CBD-infused nutritional productions, as well as craft alcoholic spirits including premium vodka, gins and whiskies. For more information, go to www.greencurescorp.com
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.
Major Hemp President
Sipp Industries, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55319