Connect with us


Sipp Industries Inc. (OTCMKTS:SIPC) Leveraging Craft Spirits and Cannabis Beverage Opportunities With Craft Spirits Line Launch



Sipp Industries Inc. (OTCMKTS:SIPC) has announced new business opportunities in the cannabis beverage and spirits space. The company, which produces craft hemp-infused beer and other alcoholic and non-alcoholic drinks, has worked with a local distillery to produce a craft spirits line.

Sipp Industries to launch craft spirits line

The craft spirits line under consideration includes gin, whiskey, and vodka. Most importantly, Sipp Industries and its partner will produce the drinks and launch them in phases throughout 2021. Notably, the company will launch its Blue Bear Vodka next month as the first vodka. The Blue Bear Vodka is a craft vodka formulated from cane and registers 40% alcohol by volume, distilled six times. It will be available to customers in 750 ml bottles.

Interestingly, the Blue Bear Vodka label has received approval, and the company will proceed to finalize the packaging with production to follow immediately. Sipp will provide additional information about the vodka and its launch in the coming days. so far, discussions are in progress for distribution, starting with Elite Beverage’s national and the distillery’s local distributors. Consumers can also access vodka in retail and online stores.

Growing CBD beverages market in the US

Sipp Industries is in contact with FDA and the Alcohol Tobacco tax and trade Bureau about its CBD Beer recipe. Approval is pending from both parties until there is regulatory clarity from the government, which could come later this year. Federal cannabis laws have been evolving, and Sipp Industries is in a better position with a quick recipe approval which is a priority for the company.

The company plans to leverage opportunities in the booming cannabis beverage sector, and it is in discussions to create THC and CBD-infused non-alcoholic drinks. Interestingly, these new products don’t need approval and will target medical cannabis dispensaries in the Southwest. CBD beverages are gaining market acceptance, and Molson Coors recently launched CBD drinks in Colorado, and Constellation-backed Canopy Growth will enter the legal California and Illinois cannabis markets later this year.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.


Business4 hours ago

Through Exclusive Multi-Year Agreement Charlotte’s Web, Inc., (OTCMKTS: CWBHF) Hemp CBD Products to Be Available at Life Time

Post Views: 8 People worldwide now rely on hemp extract to play a crucial part in their daily routines. That...

Business4 hours ago

Aphria RX GmbH, a subsidiary of Tilray, Inc. (NASDAQ: TLRY), Completes the First Successful Harvest of Medical Cannabis Cultivated in Germany

Post Views: 11 There is a growing demand for medical cannabis in Germany. Since the enactment of Germany’s Cannabis as Medicines...

Business4 hours ago

Amyris, Inc. (NASDAQ: AMRS) Signs an Exclusive License with Nant Africa for Leading RNA Vaccine Advancing Technology to Human Trials

Post Views: 3 At the point of its inception in 2003, Amyris, Inc. (NASDAQ: AMRS) had one primary mission; making...

Business4 hours ago

For a Total Consideration of US$43.8 Million, Harborside Inc. (OTCMKTS: HBORF) Executes the Acquisition Strategy of Sublimation Inc.

Post Views: 4 With the continuous creation and expansion of the modern cannabis industry, many institutions are heading to the...

Business3 days ago

Sundial Growers Inc (NASDAQ: SNDL) Increases Commitment To Its Joint Venture Sunstream To $538 Million Despite Struggled 1Q2021 Results

Post Views: 6 Sundial Growers Inc (NASDAQ: SNDL) recently announced to increase commitment to its joint venture initiative, with the...

Business3 days ago

Diego Pellicer Worldwide Inc (OTCMKTS: DPWW) Reported A 260% YoY Increase In Net Income For 1Q2021

Post Views: 41 Diego Pellicer Worldwide Inc (OTCMKTS: DPWW) reported a 260% YoY increase in its net income to $816,280...