SIPP INDUSTRIES IN COM STK NPV CLS’A’ (OTCMKTS:SIPC) is a micro-cap penny play that took flight this week on a major technical breakout. The move came just a couple days in front of the company’s announcement that “upon exploration of their complementary synergies,” a partnership was established whereby SIPC will supply premium bulk hemp seed and oil for the growing selection of consumer hemp-based products and premium CBD and hemp coffee line available through Wanderport Corp.
According to the release, Wanderport’s premium hemp Sapa Coffee blends are being made available in a growing number of grocery stores and small businesses in Southern California. “As preferred bulk supplier of Wanderport’s CBD and hemp-infused products, we are excited about the prospect of fueling hemp and CBD industry growth through an entirely new facet of the industry,” stated Sipp Industries Chief Executive Officer, Syman Vong.
SIPP INDUSTRIES IN COM STK NPV CLS’A’ (OTCMKTS:SIPC) trumpets itself as a conglomerate corporation that specializes in technology, manufacturing and distribution of commercial and consumer products.
Major Hemp is Sipp Industries’ wholly owned subsidiary. According to company materials, “the company’s primary mission is to provide products and services relating to industrial hemp including but not limited to hemp ingredients, cannabidiol (CBD) supply, product distribution, brokering, co-packing and private labeling services. Major Hemp partners with the top hemp food, body care, apparel and hemp brands on the planet. From “mom and pop hemprenuers” to well-established hemp brands, we take the time to understand their products, missions and goals. Major Hemp provides actionable data and market intelligence so the hemp products you sell make money for your business and keep your customers coming back for more.”
For its part, Wanderport Corporation touts itself as “a premier distributor of food, beverages and consumer products made with hemp. Its premium quality coffee blends are currently being sold in a growing number of grocery stores and small businesses in the Southern California territory.”
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As noted in its latest press release, the company’s move to partner as upstream supply for WDRP and ramp up the business segment is really an upshot of heightening demand for specialty hemp derived products. Wanderport has been ramping up as well and needs quality control on an increasingly bulk scale. That’s where SIPC comes in.
“As we continue to perfect the quality of our products, finding the right partners in this industry is critical. The level of product excellence we have discovered with Sipp Industries heightens our expectations for the future,” stated Anna Seidman, CEO of Wanderport Corporation. Apparently, Wanderport Corporation’s premium hemp coffee line (fortified with 5% roasted hemp seeds) is currently available for retail sale on the Corporate and Sapa Coffee online store as well as Amazon.
The company also notes that its Major Hemp Brown Ale has seen sales momentum, suggesting the potential for expanded packaging of the beer to include canned and bottled selections. That would clearly pry open distribution channel several notches, which in turn would widen the stream running from SIPC.
“What we have discovered from our keg sales and ongoing taste tests is that, as exposure broadens, consumer response remains decisively positive. Thus, we believe that the time for serious consideration of diversified packaging for greater distribution options has come,” stated Chief Executive Officer Syman Vong.
Recent action has seen just shy of 130% during the past week in terms of shareholder gains in the stock. Market participants may want to pay attention to this stock. SIPC has evidenced sudden upward volatility on many prior occasions. What’s more, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed greater than 480% above its longer run average levels.
Earning a current market cap value of $4.9M, Sipp Industries has trivial data on both sides of the balance sheet. The company has just started to post revenues ($71k over the past 4 quarters, with 220% sequential quarterly growth as of its last reporting period – September 30, 2016). We will update the story again soon as developments transpire. For continuing coverage on shares of $SIPC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!