Business
Naturally Splendid Announces Proprietary HempOmega™ Approved for Hemp Fortified Beer Formulations and Commences Production
Naturally Splendid Announces Proprietary HempOmega™ Approved for Hemp Fortified Beer Formulations and Commences Production.
About this update from Sipp Industries, Inc.
[{"type":"text","content":"\nVANCOUVER, British Columbia, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE” or “The Company”) (TSX-V:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to announce an Exclusive Sales Agreement with Sipp Industries Inc. (OTC: SIPC), which has received approval in the states of Colorado and Illinois to include HempOmega™ as an ingredient in their custom formulated hemp beer and has produced their “Major Hemp Brown Ale” and newly developed “Major Hemp H-IPA brands to multiple locations throughout Colorado and Illinois.  \n Under the terms of the Agreement, Naturally Splendid grants Sipp limited exclusive rights to purchase HempOmega™ for use as a beer beverage additive in its Alcohol Tobacco Tax Trade Bureau (“TTB”) approved hemp beer recipe, and to sell its TTB approved hemp beer recipe to third party beverage companies, in Colorado and Illinois on an exclusive basis pending meeting certain volume and activity levels. Additionally, Sipp is in the process of applying to TTB for regulatory approvals to include HempOmega™ in beer formulations in California and Texas and will be granted limited exclusive rights for those states upon final approval from TTB for inclusion of HempOmega™ into beer formulations. Naturally Splendid CEO, Mr. Doug Mason states, “We are more than pleased to see the success Sipp has attained with our proprietary HempOmega™ ingredient in their beer formulations after significant testing. After a year of testing, Sipp has developed a hemp beer with broad consumer appeal. Additionally, Naturally Splendid is pleased to have formed a strategic relationship with Sipp that will begin to aggressively market HempOmega™ as an ingredient to both craft and national beer companies in the United States.” To continue catering to the growing Colorado market, Sipp Industries initiated production of Major Hemp Brown Ale with Denver based brewing partner Sleeping Giant Brewing Company. Based on forecasted demand, the companies have made contingency plans to more than triple production to fulfill expected demand. Over the course of 2017 and 2018, Major Hemp Brown Ale quickly gained in popularity throughout the state of Colorado expanding to over 50 new r...