Sipp Industries Inc (OTCMKTS: SIPC) Is Today's Equity Focus

Sipp Industries Inc (OTCMKTS: SIPC) just popped up on our radar after signing a deal with Wanderport Corp (OTCMKTS: WDRP). Wanderport is a name that we covered last month with its new Saba Coffee brand. The deal with Sipp Industries calls for Sipp to supply premium bulk hemp seed and oil for Wanderport's growing selection of consumer hemp based products and premium CBD and hemp coffee line. Judging by the bull action in SIPC's stock price, it's time to take a closer look at Sipp Industries Inc.First up, a little background on the company. Sipp Industries is a multifaceted 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 hemp based products, bulk hemp, CBD supply, co-packing and private labeling services.Wanderport's product line consists of Colombian, Hazelnut and French Vanilla flavors. The beans were originally sourced from Central and South America, then the company discovered a Vietnamese producer to supply, roast, flavor, pack and export premium Arabica coffee. Fortified with 5% roasted hemp seeds, Wanderport Corporation's premium hemp coffee line is currently available for retail sale on the Corporate and Sapa Coffee online store as well as Amazon.The partnership with Wanderport is a good move for Sipp, but what's even more exciting is its Major Hemp Brown Ale beer. Major Hemp Brown Ale was skillfully brewed by contracted brewer Sleeping Giant Brewing, a distinguished beerhouse that brews for over fifteen companies inside and outside of Colorado. By aligning with Sleeping Giant, Sipp Industries has control and owns all legal rights and intellectual property to the hemp beer recipe. Because Sleeping Giant does not brew its own beer, the potential for any conflicts of interest with ownership and intellectual property does not exist.Last month, the two partners completed production of the initial 50 barrels, which yielded nearly 100 kegs of premium brown ale formulated with quality hemp-seed powder. The initial strategy was to supply Denver's more highly populated and affluent establishments with inventory to gauge consumer response before determining a strategy for wider distribution. Major Hemp President Ted Jorgensen said:

"Our approach involves delivery into primarily the local target market, with a focus on thriving areas, where there is a high concentration of bars and pubs that have a relatively progressive crowd, patrons interested in innovative and emerging trends. Then, based on the level of success determined, we can move forward with a much larger brew in preparation for expanded distribution and the possibility of bottling and canning."

The next step for the two partners is a new Cannabidiol (CBD) infused beer formula. Slated for release in the second quarter of this year, this new CBD infused beer will be sold in conjuction with Major Hemp Brown Ale. Major Hemp Brown Ale is now seeing sustaining sales, and being offered at several establishments. Progress on the growth of the Company's target market is also advancing according to plan as distribution requirements and logistics are evaluated in anticipation of a production and sales push in California.The distinctly formulated hemp-infused brew was unveiled at a 4/20 event, where it received favorable reviews for its appealing color and authentic taste. Working with proprietary water-soluble hemp powder, it was determined that the Brown Ale style of craft beer blends well with hemp powder. This infusion provides a smooth refreshing taste while enhancing the beer with the numerous healthy attributes that hemp so is highly recognized for.Currently trading with a market cap of $4.5 million, SIPC is an exciting story among small caps and one that looks to have shareholder's best interests at heart. To improve its capital structure and better position the Company for future growth, management negotiated through a private transaction to secure and retire three hundred ninety-five million shares of restricted common stock. The shares were returned to the Company's transfer agent and cancelled effective October 12, 2016. The Company also cancelled one million shares of preferred stock resulting in zero preferred stock issued and outstanding. Overall, there's plenty to like with Sipp Industries Inc.Disclosure: We have no position in any of the securities mentioned and have not been compensated for this article.