- The Tinley Beverage Company (TNY) will begin making Green Monké products at its Long Beach facility
- The THC-infused beverages are currently available in California and launched in Canada in October 2021
- Tinley’s also announced that Richard Gillis, president and CEO of Tinley’s USA, has purchased 2,080,666 units of the company under the first tranche of a non-brokered private placement
- 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 up 3.57 per cent, trading at $0.145 per share
The Tinley Beverage Company (TNY) will begin making Green Monké products at its Long Beach facility.
Owned by St. Peter’s Spirits, Green Monké Happy Sodas are cannabis-infused sparkling drinks in tropical flavours, formulated with a fast-release microencapsulation emulsion, and contain only 25 calories per can.
The THC-infused beverages are currently available in California and launched in Canada in October 2021.
Tinley’s is scheduled to begin can line production of five flavours of Green Monké at its Long Beach facility later in Q1 2022, with production of full batches expected to repeat near-monthly.
“We’re thrilled to be moving our California ‘Green Monké’ can production to Tinley’s impressive Long Beach Facility,” said Pat Gleeson, Founder and CEO St. Peter’s Spirits. “We are working with the like-minded professionals of the Tinley’s/Lakewood team towards ramping up production of our existing SKU’s and bringing additional tropical fruit flavours to market.”
In addition to the new production announcement, Tinley’s announced that Richard Gillis, president and CEO of Tinley’s USA, has purchased 2,080,666 units of the company under the first tranche of a non-brokered private placement.
The units sold for C$0.15 per unit for gross proceeds of $312,000. This investment brings Mr. Gillis’ aggregate position in the company to 4,080,666 common shares.
“I am investing once again in Tinley’s to tap into what I believe is an unrealized opportunity within the cannabis industry”, said Mr. Gillis.
“The popularity of THC-infused beverages is accelerating,” he added, “and I believe that Tinley’s, through its Long Beach facility, with a newly activated distribution licence and growing menu of production methods and packaging capabilities, will continue to drive value by serving a growing roster of high-quality and high-volume client brands.”
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 up 3.57 per cent, trading at $0.145 per share as of 12:21 pm EST.
