|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3127 - 0.3482|
|52 Week Range||0.2500 - 0.6652|
|Beta (5Y Monthly)||-1.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Tinley Beverage Company Inc. is pleased to announce that, in anticipation of its Long Beach facility receiving a cannabis manufacturing license, it has appointed a new auditor that is willing to work with companies that are engaging in cannabis-related activities in the United States. The Company is also pleased to announce today’s closing of the final tranche of its Offering and the issuance of options for employees, officers and directors. As such, the Company announces the appointment of Zeifmans LLP (“Zeifmans”) as its auditor, effective December 23, 2019.
The Tinley Beverage Company Inc. is delighted to announce that Tinley™ Tonics High Horse™ and Tinley™ ’27 Coconut Cask beverages have won first and second prize respectively in the cannabis-infused beverage category at this year’s Emerald Cup. With roots in the Emerald Triangle, California’s most celebrated growing region, the competition is the world’s longest-running sungrown cannabis celebration, and the product awards are widely regarded as the industry’s most prestigious. Tinley entered two non-alcoholic cannabis-infused drinks in the competition: The Moscow Mule-inspired Tinley™ Tonics High Horse™ sparkling beverage won first place, and the coconut rum-inspired Tinley™ ‘27 Coconut Cask scored second.
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The Tinley Beverage Company Inc. is pleased to announce that its non- infused Beckett’s™ product line will be launching in two additional mass retailers, in addition to the previously-announced 150 store deal with BevMo. The Company’s cannabis-infused TinleyTM products, having completed their first full quarter in market following the commissioning of its Phase 2 bottling facility, are now being made available for home delivery throughout California, and are experiencing strong reorder rates in dispensaries. The products are also scheduled to launch this week at the acclaimed Lowell Café, the country’s first full-service cannabis café and restaurant.
Tinley Beverage Company Inc. is pleased to provide an update on its licensing, co-packing and corporate initiatives. The Company is delighted to report that the relevant regulatory bodies at the state level have indicated that the Company’s cannabis entity has satisfied requirements for receipt of a cannabis manufacturing license, pending satisfactory municipal approvals from the City of Long Beach. The Company has completed tenant improvements requested by the municipality during its pre-inspections, most of which were related to electrical upgrades that are required for the Company’s purpose-built bottling line.
The Tinley Beverage Company Inc. is pleased to announce that NBA All-Star and early stage Vitaminwater® investor Baron Davis has joined Tinley’s Advisory Board. Tinley has a great opportunity to introduce new products and categories, bring forth innovative collaborations, and entrench themselves as a pioneer in this quickly evolving space. Baron Davis is a two-time NBA All-Star and record-holder.
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is delighted to announce that it has signed an agreement with Great North Distributors, Inc. ("Great North"), Canada's first national sales broker for legalized adult-use cannabis, to distribute Tinley’s award-winning cannabis beverages throughout Canada. Great North is the exclusive distributor for other leading brands including Aphria and Pasha Brands. Tinley represents the first U.S. brand in Great North’s portfolio.
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. LOS ANGELES, Oct. 22, 2019 -- The Tinley Beverage Company Inc. (the “Company" or "Tinley").
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that it has completed the buildout of its Phase 3 permanent facility in Long Beach, California. As recently disclosed, the Company has already begun providing formulation services for prospective co-packing clients, and continues to receive substantial inbound interest from companies, mainly in the beverage alcohol, health beverage and cannabis industries. It expects to initiate production of these products at the Company’s temporary manufacturer in California’s Coachella Valley in Q4 2019, and shift production of these products, as well as of its Tinley-branded products, to its Long Beach facility upon completion of licensing.
SANTA MONICA, Calif. and TORONTO, Aug. 19, 2019 -- The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to confirm that it has fulfilled its planned Q2.
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The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that it has closed a second tranche (the “Second Tranche”) of its recently announced private placement, raising total gross proceeds of $8,890,263 in both tranches. The Second Tranche of the Offering raised gross proceeds of $3,473,044 from the issue and sale of 5,788,408 units (the “Units”). Each Unit price is $0.60 and is comprised of one common share of Tinley (“Common Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one Common Share at a price of $0.90 until May 10, 2021.
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is delighted to announce that all batches of its recently-produced single-serve Tinley™ Tonics and multi-serve Tinley™ ‘27 cannabis-infused cocktails have passed state regulatory and safety testing and are being shipped to retail dispensaries in California. Tinley is also pleased to announce that it has closed a non-brokered private placement (“Offering”) raising gross proceeds of $5,567,219 from the issue and sale of 9,278,699 units (the “Units”). Each Unit was purchased for $0.60 and is comprised of one common shares of Tinley (“Common Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”).
Like Tinley’s margarita and Moscow Mule-inspired products, the Tinley™ ’27 products were crafted by formulators who had created national brand liquors. They therefore contain authentic extracts, flavors and spices that are commonly found in such products. They also contain just 10 calories and 1-2 grams of natural cane sugar per serving – roughly 1/10th of leading adult beverages – and are vegan as well as gluten-free. The completion of these products one month ahead of schedule reflects the enhanced capabilities of the Company’s recently-commissioned Phase 2 facility.
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that its manufacturer in the Coachella Valley, California (“Manufacturer”) has shipped an inaugural batch of the Company’s next-generation, single-serve, cocktail-inspired products. The Company is also delighted to announce that its Manufacturer has begun production of the Company’s multi-serve Tinley™ ’27 liquor-inspired products, roughly two weeks ahead of schedule. The recently-commissioned Phase 2 bottling line has eliminated the Manufacturer’s capacity constraints, and it significantly reduces the production cost and turnaround time for each individual batch. The facility is now capable of producing 250,000 bottles per month, representing 3 million in annual capacity, as previously disclosed. Upon completion of the Company’s Phase 3 line in Long Beach, California, this line would be available to move to a cannabis-licensed facility in another US state. The Phase 3 facility in Long Beach will have a capacity of 12 million bottles annually. The bottling line for this facility has arrived in California from Italy, and it will be installed upon completion of the necessary tenant improvements in the building.
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. TORONTO and LOS ANGELES, March 21, 2019 -- The Tinley Beverage Company Inc. (the “Company".
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that its new President of Tinley California, Richard Gillis, has made a personal investment of $276,000 in the Company. As a component of Mr. Gillis’ employment agreement, Mr. Gillis was given the opportunity to purchase common shares of the Company at a price which represents a 20% discount to the market price of the Company’s common shares. This price was determined on January 7, 2019, which is the date the Company filed for price protection with the Canadian Securities Exchange. Accordingly, Tinley issued 600,000 common shares to Mr. Gillis at an issue price of $0.46 per share for aggregate gross proceeds of $276,000.
Mr. Fulton is a Los Angeles-based, European Emmy Award-winning television executive and consumer lifestyle products entrepreneur. Via his advisory firm, Seaside International, Mr. Fulton also acts as an advisor to the US State Department, IREX and other government-related groups internationally. Most recently, he co-founded L.A. Christine, a manufacturer of premium, all-natural skin care products. Previously Mr. Fulton served as President of Entertainment with Dave Networks, where he created enterprise partnerships with MGM, CBS, ABC and Disney. As SVP, Europe for SBS Broadcasting, Europe’s second-largest broadcast group, he launched Europe’s first private broadcast channels. The addition of Mr. Fulton enhances the Company’s relationships in the Los Angeles entertainment industry as well as in the premium, female-oriented cosmetics industries. These afford the Company additional access to unique opportunities for marketing and exposure for the Company’s beverage products. The addition also enhances the independence of the Company’s board, as well as furthers the migration of the Company’s board and officers to California, which the Company believes will continue to be its largest market, even as it expands into other jurisdictions in the USA, Canada and internationally.
The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that it has engaged First Canadian Capital for investor relations. It is also pleased to announce that it has purchased equipment to increase production capacity at its current facility. The Company has entered into a consulting agreement (the “Agreement”) with leading investor relations firm, First Canadian Capital Corp. (“FCC”), pursuant to which FCC will provide Tinley with consulting, investor relations and strategic corporate communications services. Tinley anticipates that FCC will assist with increasing awareness of the Corporation within the cannabis industry and public markets.