SIPP Industries Inc (SIPC)

[WALL STREET KID]

I think SIPC will surprise many in the not to distant future, I like the fact that they structured the LOI for the Oregon Dispensary where it is a minority stake, with the option to increase their ownership position in it which is a good move in the unlikely event that Oregon does not Legalize Marijuana on the Nov 2 Vote

Sipp Industries Secures $1M Financing Facility to Support Growth

Submitted Letter of Intent to Acquire a Minority Stake in an Oregon Dispensary

COSTA MESA, CA - October 27, 2014 - InvestorsHub NewsWire - Sipp Industries, Inc. (OTC Markets: SIPC), a conglomerate corporation that specializes in technology, import export and distribution of commercial and consumer products, is pleased to announce today that it has secured a $1 million financing facility led by CDM Capital to support its near term growth.

The facility is available immediately and can be drawn down on an as needed basis to support organic growth or acquisitions. This is an initial tranche and a line increase can be negotiated after six months or earlier if it is for an accretive acquisition.

As an effort to capture market share in the emerging cannabis sector, the Company also presented a Letter of Intent to acquire a stake in an Oregon dispensary.

The transaction will be structured such that the Company can acquire a minority stake initially with an option to acquire a majority or entire stake of the dispensary if mutually agreed by both parties.

“We are pleased to secure the financing facility needed to execute our growth plans”, stated Syman Vong, Chief Executive Officer. “We are also excited to reach a preliminary agreement to close on the acquisition of a minority stake of an actively operating dispensary. This is part of an initiative to establish our footprint in a state where approval for recreational use of cannabis maybe forthcoming”, added Vong.