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Sipp Industries Inc (OTCMKTS:SIPC) Continues To Gain Following Partnership With Wanderport Corp. (OTCMKTS:WDRP)

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Sipp Industries Inc (OTCMKTS:SIPC) has been gradually moving up, for the last 2-weeks successfully recording a gain of over $0.02 per share. The stock is currently trading at $0.0365 per share and is expected to continue moving up, despite the fact that the company has been very irregular with its business updates. In its latest press release on March 22, SIPC announced that it has formed a partnership with Wanderport Corp. (OTCMKTS:WDRP), for supplying premium hemp seeds and oil, in bulk.

The company noted that the partnership was a result of the two entities exploring their complimentary synergies. As a result, SIPC would provide WDRP with a bulk supply of hemp oil and seeds, for its ever growing line of premium Hemp and hemp coffee. The partnership comes at a time when Wanderport’s hemp SAPA Coffee blends are being made available at a number of grocery stores, across Southern California. Syman Vong, the CEO of SIPC, pointed out that as the preferred bulk supplier for Wanderport, the company has the opportunity to fuel the exponential growth of the hemp industry.

WDRP on the other hand, aims to lower its production costs, by buying raw materials in bulk. This would also allow Wanderport to capitalize on the growing demand for specialty hemp derived products. However, this is not the only business segment that Sipp Industries is looking to capitalize on. The company has experienced a buil-up of momentum, in the demand for its Major Hemp Brown Ale.

SIPC management is exploring expanded packaging of the beer, which would also include bottled and canned selections. This is being done after the management observed a surge in sales and saw a potential opportunity, which could be commercially advantageous. Mr. Vong pointed out that as exposure broadens, the consumer response continues to remain positive. He claimed that this is the right time to diversify packaging for greater distribution options. It should be noted here that Sipp Industries also produces hemp infused beer, in partnership with Sleeping Giant Brewing.

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