Wanderport Corporation Announces Update on General Business and CBD Initiatives
SANTA MONICA, CA -- March 21, 2019 -- InvestorsHub NewsWire -- Wanderport Corporation (OTC Markets: WDRP), a premier manufacturer and distributor of food, beverages and consumer products made with hemp, today announces update to its general and Cannabidiol (CBD) business initiatives.
Wanderport has been working with a local Southern California craft beer brewery to finalize the production of its coffee beer. The beer will initially be available in draft for on premise sales and eventually in cans for broader distribution. The beer is expected to be available by the end of the month.
With last year's passing of the Farm Bill, the Company is reviving its effort with the brewery to produce its partner's, Sipp Industries (OTC Markets: SIPC), hemp-infused Brown Ale and IPA which it plan to distribute through the West Coast.
The Company is also brokering deals with Sipp Industries and Elite Beverage International (EBI) to cross sell each other's products. Wanderport is a shareholder of both SIPC and EBI and will economically benefit from these companies' sales.
Wanderport has been evaluating and working on producing its own line of CBD based products. The initial product categories will include skin and personal care, dietary supplement, food and beverages and pet products. The Company plans to roll out the lines in phases with the first line being launch in April.
The sales of Sapa hemp and CBD blended coffee and teas continue to be strong. In addition to increasing its production for retail sales the Company is also enhancing its wholesale and private labeling programs to meet increasing demands in these areas.
Wanderport will also begin to offer premium bulk hemp and hemp CBD ingredients at the wholesale level sometime in April. The CBD will be available in powder, oil, diluted, concentrated and water soluble form.
"Legalizing hemp at the federal level has presented huge growth potential for the hemp industry in general and our company in particular. Many of our shelved experimental projects are now being revived. We can not wait to begin rolling out our new CBD product lines to seize the market opportunities presently in front of us," commented Liliana Vo, President and interim CEO.
About Wanderport Corporation
Wanderport Corporation is a premier manufacturer and 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. Its products are also sold online at www.sapacoffee.com and www.amazon.com. For more information, please visit http://www.wanderportcorp.com.
About Sipp Industries, Inc.
Sipp Industries is a multifaceted corporation that specializes in manufacturing and distribution of commercial and consumer products, and the first publicly traded company in America whose primary focus is production and selling of hemp-infused beer.
Forward Looking Statements:
Statements made herein constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.