- The Tinley Beverage Company (TNY) has announced that, for the first time, a batch of product manufactured by Lakewood Libations at its Long Beach facility has successfully completed the State of California’s testing, quarantine, and lab sampling process onsite
- The distribution license will allow products to be transferred from the facility’s manufacturing area to the adjacent distribution space
- Tinley’s ’27 Coconut Cask Elixir is the first product to be tested and cleared for market under the new distribution license
- The Tinley Beverage Company manufactures a line of liquor-inspired, non-alcoholic, cannabis-infused beverages for use in California
- Shares in The Tinley Beverage Company Inc. (TNY) are down 12.5 per cent, trading at $0.14 per share
The Tinley Beverage Company (TNY) has released an update regarding products manufactured at its Long Beach facility.
For the first time, a batch of products manufactured by Lakewood Libations at Tinley’s Long Beach facility has successfully completed the State of California’s testing, quarantine, and lab sampling process onsite.
Tinley previously announced that it would acquire all equity interests in Lakewood and expects to close the acquisition once regulatory approvals are met.
While the California distribution license was issued to Lakewood in August 2021, it could not be utilized until Lakewood received its distribution business license from the City of Long Beach, which was issued earlier this month.
This “first-mile” distribution capability is expected to increase the product’s speed to market by allowing Lakewood to transfer products from the Long Beach facility’s manufacturing area to the immediately adjacent licensed distribution space.
The first batch of products transferred, tested, and cleared for market under the newly activated distribution license was Tinley’s own ’27 Coconut Cask Elixir.
“The activation of the distribution license marks an important step in completing our end-to-end service offering for the growing roster of great brands manufactured at Tinley’s Long Beach Facility,” said Richard Gillis, president and COO of Tinley USA.
“Our team is thrilled that we can finally offer convenient and vehicle-free transfer of finished product from the manufacturing floor ‘through the wall’ to the approximately 5,000 square-foot ‘first mile’ licensed distribution area under the same roof,” he added.
One of Lakewood’s first contract manufacturing clients, Cannabis Quencher infused beverages by VCC Brands, will be the first client brand to pass “through the wall” from Lakewood’s manufacturing licensed area to the adjacent distribution licensed premises for quarantine, lab sampling, and state testing.
The first batches of freshly re-designed 100 mg THC CQ shots are expected to be produced on the mini bottle line later this month.
The Tinley Beverage Company manufactures a line of liquor-inspired, non-alcoholic, cannabis-infused beverages for use in California.
Shares in The Tinley Beverage Company Inc. (TNY) are down 12.5 per cent, trading at $0.14 per share as of 3:48 pm EST.
