COSTA MESA, CA–(Marketwired – Jun 23, 2016) – Sipp Industries, Inc. (OTC: SIPC), a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products announces the launch of its uniquely branded hemp and CBD (cannabidiol) products specifically developed for the equine industry. These products are slated to be available by mid to …
Sipp Industries’ subsidiary, Major Hemp, has partnered with a Colorado-based hemp farm that produces hemp-derived cannabinoids such as CBD for use in a wide range of products for both human and animals. Through this partnership the Company has identified a significant opportunity to launch one of the first equine branded hemp and CBD products sourced from domestically grown hemp crops.
According to Packaged Facts, sales within the equine sector exceeds $23 billion annually. With continued advances in the equine industry one of the highest growth areas is supplements and ingredients. Major Hemp President Ted Jorgensen commented, “Although most attention in the hemp and CBD industry is within the human sector, we feel the equine and pet segments offer an incredible growth opportunity where there are little or no established brands and competitors.”
The equine feed industry in the U.S. has mostly relied upon supplementing equine diets with soy, corn and canola oils which are vastly inferior to the complete nutrient profile of hemp. Incorporating hemp and CBD into equine diets is still in its infancy. As the greater equine industry catches onto the vast benefits of hemp and CBD, the market offers tremendous opportunity for growth.
The greater equestrian hemp market as a whole is wide open for suppliers and innovators of hemp and CBD products. Many horse breeders, trainers and owners are seeking supplements such as CBD for equine diets to treat ailments such as anxiety, inflammation as well as for general wellness. Sipp Industries intends on capturing this market with new and innovative hemp and CBD products that are THC free and legal in all 50 states.
Sipp Industries continues to solidify itself as the market leading U.S.-based supplier of bulk hemp ingredients including hemp oil, hemp seed and hemp extracts. In addition to being the supplier of quality bulk hemp ingredients, the Company has begun the initiative of launching its own branded hemp and CBD products with a focus on the equine and pet segments.
Sipp Industries plans to launch a newly branded equine marketing website featuring bulk hemp and CBD products for the equine industry in conjunction with company branded product launches. Sipp Industries Chief Executive Officer Syman Vong concluded, “We continue to foster our newly formed clients and partners in the hemp industry and are very excited to update shareholders on the first of many hemp and CBD products under our own company brand.”
About Sipp Industries, Inc.
Sipp Industries is a conglomerate corporation that specializes in technology, manufacturing and distribution of commercial and consumer products. Through its wholly owned subsidiary, Major Hemp, the Company provides high quality and competitively priced bulk hemp, CBD supply, co-packing and private labeling services. For more information, please visit http://www.sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter: @SippIndustries
Sipp Industries, Inc.