Sipp Industries, Inc., a diversified conglomerate corporation specializing in technology and distribution of consumer products, announces the formation of a new business unit dedicated to serving the growing hemp industry.
The new Sipp Industries hemp unit will have large-volume hemp ingredients available including toasted hemp seeds, hulled hemp seeds, hemp protein powder, cold-pressed hemp oil, and purely refined hemp oil. Each ingredient will be available as either organic or natural and can be used in various applications such as in packaged hemp products, nutritional bars, smoothies, salad dressings, body creams and moisturizers.
"Hemp is in high demand especially in market segments such as Food & Beverage and Nutritional Supplements," stated CEO Syman Vong. "We have witnessed many new hemp infused products coming to market such as hemp infused energy drinks, hemp meal replacements and hemp body creams. We anticipate this trend to continue and intend be the one-stop shop for U.S.-based high-volume commercial consumers and manufacturers of hemp products."
Current estimates of retail hemp sales in the U.S. exceed $300 million per year and are growing. As of today and for the foreseeable future, there is no current commercial production of hemp in the U.S. and the market is dependent upon imports.
"There are a number of customs procedures, documentation and costs related to importing hemp. Part of the value we deliver is taking care of this process for our customers by providing a fast, easy, and reliable method to order large volumes of Hemp," noted Vong.
Sipp Industries will be providing further updates regarding the online store, product availability, ancillary services and branding for the new hemp unit. "We've already experienced cross selling opportunities with our Advanced Plasma Lighting and hemp related products, so we're excited to add hemp to our product portfolio," stated Vong.
Prior to the launch of Sipp's online store, parties interested in bulk hemp ingredients and current availability and pricing are encouraged to email [email protected].