Tinley Beverage Co (CSE: TNY) this morning provided an update on both its Canadian and US operations in relation to beverage production. The company has reportedly completed production in Canada of both Canadian and US Beckett’s ready to drink and multi-serve products, while sample production of its Canadian Tinley ’27 drinks is currently underway.
Beginning with its Canadian cannabis-infused variants, the company this morning revealed that the first-stage production of its Tinley’s ’27 products is currently underway at Peak Processing Solutions. A scaled test run is slated for late February, which subject to test results, may be available for sale shortly thereafter.
However, the 60-day regulatory review by Health Canada must first occur, which is expected to be completed before the end of February. Production of the firms ready-to-drink carbonated beverages in Canada meanwhile has been delayed, which the company blamed on its contract manufacturer not meeting deadlines. The company has indicated that it is moving forward with available options to enable these products to hit store shelves “as the weather warms.”
Sponsored · Nord Precious Metals
Great North Distributors meanwhile has indicated that several provincial cannabis boards have expressed interest in carrying the firms products, with formal presentations to secure purchase orders now underway.
With respect to the Beckett’s line of Tonics, the Canadian versions of the product have been produced are to be made available online in the near term, as well as in select stores in Alberta and Ontario next month. Here, the company has also submitted applications to the AGLC for the distribution of the full Beckett’s product line-up through Alberta’s liquor channel.
South of the border, the company is in the process of leveraging its newly formed partnership with the Chrisley family by adding sales and distrubtion representatives in the state of Tennessee. Sales reps are also to be added in regions where the show has the largest target audiences, which is to be accompanied by in-store appears and other promotions.
Finally, over in California the company is reportedly in the final stages of solution development with several of its prospective copacking clients, with certain agreements to be finalized shortly. Tinley has elected to expand its operations to include cold storage and new package formats including cans and minis to accommodate these clients.
Lastly, the company has seen the City of Long Beach, California indicate that the company’s application for an adult-use distribution facility is complete. Tinley will now look to complete its state license, tenant improvements, and schedule municipal inspections.
Tinley Beverage Co last traded at $0.38 on the CSE.
FULL DISCLOSURE: Tinley Beverage is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Tinley Beverage on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
