Business
Sipp Industries Signs Letter of Intent to Acquire Minority Stake in Wanderport Corporation, Enhancing Product Selection
Sipp Industries Signs Letter of Intent to Acquire Minority Stake in Wanderport Corporation, Enhancing Product Selection.
About this update from Sipp Industries, Inc.
[{"type":"text","content":"\n \n \n Sipp Industries Signs Letter of Intent to Acquire Minority Stake in Wanderport Corporation, Enhancing Product Selection\n \n \nSipp Industries Signs Letter of Intent to Acquire Minority Stake in Wanderport Corporation, Enhancing Product Selection\n\nSipp Industries Diversifies Specialty Hemp Beverage Line with the Addition of Sapa's Premium Coffee Blends to its Portfolio of Top Quality Hemp Beverages\n\n \n COSTA MESA, CA--(Marketwired - Aug 16, 2017) - Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in technology, manufacturing, and distribution of commercial and consumer products is pleased to announce that the partnership with Wanderport Corporation (OTC: WDRP), initially established to supply Wanderport with premium bulk hemp seed and oil, has advanced with a signed Letter of Intent for a minority stake in Wanderport Corporation. \n According to the terms of the agreement, Sipp Industries will be able to diversify and enhance the Company's reach into the growing marketplace by adding Sapa Coffee™ product line to its current selection of CBD and Hemp derived products. As interaction advances, Sipp Industries is structured to contribute to Sapa's retail distribution efforts in Colorado and other states. \n Wanderport's Sapa Coffee™ product line consists of Hemp coffee in five flavors, including Colombian Supremo, Decaf Colombian Supremo, Italian Roast Espresso, Hazelnut and French Vanilla. Its CBD coffee is available in the Colombian Supremo, Decaf Colombian Supremo and Italian Roast Espresso flavors.\n Demand continues to strengthen for Wanderport, with considerable gains in retail order flow both on and offline. Sapa's Hemp and CBD Coffee blends continue gaining acceptance, fueled by growing momentum from re-occurring sales coupled with broadening dispensary and retail distribution. Orders from Amazon and other online shops have resulted in a steady increase in sales quarter over quarter so far.\n \"We are very optimistic about the lucrative nature of this reciprocal relationship. We believe that the synergies empower both companies to enhance their respective positions in this evolving and increasingly competitive industry,\" stated Ty Cha, CEO of Wanderport Corporation.\n Of the initial Major Hemp Brown Ale orders placed by Sipp's distributor, inventory was rap...