Sipp Industries Launches Vertically Integrated Solutions for Growing Hemp Industry
Company adds Hemp co-packing, storage, distribution, and private label solutions to product offering. Online store to be completed in 1-2 weeks.
Jun 23, 2015, 08:04 ET
COSTA MESA, Calif., June 23, 2015 /PRNewswire/ -- Sipp Industries, Inc. (OTC Markets: SIPC), a diversified conglomerate corporation specializing in technology and distribution of consumer products expands operations to provide turnkey solutions for the growing Hemp industry.
"Many Hemp buyers we are speaking with are seeking services including co-packing, packaging, private label, storing, and shipping solutions for their Hemp businesses. We see this as a tremendous opportunity to vertically integrate within the industry. As we launch our bulk hemp store, Sipp Industries will offer a number of services for packaging Hemp seed, oil, and protein. Our goal is to be the 'one-stop shop' for small to large scale Hemp projects and customers," stated CEO Syman Vong.
The Hemp Industries Association (HIA), a non-profit trade association consisting of hundreds of hemp businesses, estimates the United States retail sales for hemp products at $620M. The United States retail market for hemp food and body care products increased over 21% from 2013 and 2014 to $200M and continues to grow.
Sipp Industries co-packing services will allow customers small and large for unit runs as low as 100 to 10,000 plus. Product availability includes packaging Toasted Hemp Seed, Hulled Hemp Seed, Hemp Oil and Hemp Protein into containers ranging from 1 lb to 25 lb pouches and containers. In addition to these services, storage and logistics will be offered based on needs and requirements of each Hemp project.
"We will offer private label co-packing solutions, as well as coordinate services for label design and branding. Our flexible unit runs gives us wide ranging capabilities to many customers and verticals," stated Syman Vong.
Sipp Industries anticipates the online bulk store and related service offerings to be available over the next 1-2 weeks and will follow up with an official announcement. Customers will be able to place orders for bulk hemp, request quotes for services, as well as purchase Sipp's Advanced Plasma Lights (APL) in the 400W and 1,000W configurations.
Prior to the online store launch, interested customers place orders at [email protected].
About Sipp Industries, Inc.
Sipp Industries is a conglomerate corporation that specializes in technology and distribution of commercial and consumer products. For more information, please visit http://www.sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter: @SippIndustries
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.
Syman Vong, CEO
Sipp Industries, Inc.
SOURCE Sipp Industries, Inc.
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