Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • The Tinley Beverage Company (TNY) is pleased to announce that its product distribution continues to grow
  • Tinley has completed a private placement, raising gross proceeds of C$850,000
  • The company is pleased to announce its first reorder for co-packing services, which it expects to complete within the next week
  • The Tinley Beverage Company is a functional beverage company focused on hemp-infused beverages and supplements
  • The Tinley Beverage Company (TNY) is up 3.95 per cent, trading at C$0.395 per share at 3 pm ET

The Tinley Beverage Company (TNY) is pleased to announce that its product distribution continues to grow.

This growth is driven by expanded retail store listings in Alberta, along with requests for cannabis products by Canadian provincial buyers and onboarding with a distributor in Todd Chrisley’s home market of Tennessee.

The company also announced the closing of a private placement, along with several other corporate updates.

Tinley’s local agents report that Beckett’s non-alcoholic spirits and ready-to-drink cocktails have obtained listings or commitments at nearly 30 retailers throughout Alberta.

The company has also received a commitment for listing at a premium Toronto grocery chain, representing Tinley’s first foray into the Ontario market.

Tinley has received requests from buyers in two provinces for the cannabis-infused Canadian versions of its Tinley’s ’27 multi-serve products. These products are being produced by Peak Processing Solutions, and the company will provide updates as manufacturing progresses.

Tinley’s Tonics and ’27 cannabis-infused products continue to expand listings throughout California in dispensaries and licensed home delivery services. The full Tinley’s lineup has been selected to be the inaugural beverage feature at the influential “High Times” flagship dispensary in Oakland, California.

Tinley has completed onboarding and is in negotiations to conclude an agreement with one of Tennessee’s most prominent wine and spirit distributors to carry the company’s Beckett’s Tonics and Beckett’s ’27 products in the state.

Nashville, Tennessee is the home market for the company’s key influencer, Todd Chrisley. Todd is working with Tinley to conduct local marketing activations and personal appearances in stores and restaurants, as well as online and on TV to promote the products locally and nationally.

The company is also focusing on distribution in Texas, which includes additional high-index markets for Todd Chrisley’s audience, and it is responding to requests from additional US regional distributors.

The Tinley Beverage Company Inc. has completed a private placement, raising gross proceeds of C$850,000 from the sale of 2,125,000 units.

Each unit was purchased for $0.40 and is comprised of one common share of Tinley and one common share purchase warrant.

Each warrant is exercisable into one common share at C$0.50 for a period of 36 months following the date of issuance. Tinley has paid a cash finders fee of C$58,892.80 and issued 147,232 broker units to such finders. Each broker unit option entitles the holder to acquire one broker unit at C$0.40 for a period of 36 months following the closing of the offering, with each broker unit consisting of one common share and one warrant. All securities issued are subject to a statutory hold period of four months and a day.

The company is pleased to announce its first reorder for co-packing services, which it expects to complete within the next week. Tinley also has production runs for an additional seven SKU’s planned for third-party clients. 

“All three legs of our business – cannabis co-packing, Beckett’s non-alcoholic spirits and the Tinley’s-branded infused versions – have now experienced reorders in the current fiscal quarter, including for the products currently available in Canada,” said Ted Zittell, director of the company.

The Tinley Beverage Company is a functional beverage company focused on hemp-infused beverages and supplements. 

The Tinley Beverage Company (TNY) is up 3.95 per cent, trading at C$0.395 per share at 3 pm ET.

More From The Market Herald
Nabati Foods - CEO, Ahmad Yehya.

" Nabati Foods (CSE:MEAL) vegan cheesecakes and Plant Eggz now available on Walmart.com

Nabati Foods Global (MEAL) has made its dairy-free cheesecakes and Nabati Plant Eggz™ available through Walmart.com in the United States.
Peekaboo Beans Inc. - CEO, Traci Costa

" PK Beans (CSE:BEAN) reports profitability goals for 2022

Peekaboo Beans (BEAN) has released a corporate update as it prepares for the 2022 fiscal year.

" Feel Foods (CSE:FEEL) receives DTC eligibility

Feel Foods (FEEL) has received Depository Trust Company (DTC) eligibility in the United States.