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Waiting for the starter pistol which will come in the form of finished commissioning for our own production facility and numbers of beverages sold. I am expecting the same thing as is happening in Canada with increased interest and purchases for Canopy's beverage line and they need improvement. I can't help but think that Tinley shut down their alternate line too soon and had to back off on the push to get us on shelves until we are full go for our own facility. Of course, we might get some Becketts numbers that will impress too! Can't keep a lid on real news and fundamental developments. Maybe we get more than hints of who our co-bottler is in Canada.
I'm thinking that our management is deliberately draggin' anchor for better positioning for our arsenal of heavily loaded cannons. Everything is getting done with zero fanfare from management. Jeff promised me no fluff and he wasn't kidding! Lots of news to come and it all looks good if we can believe the rumours. Still a new company in a whole new vice business with a ton of regulations that need some rapid equalization with Big Alcohol.
Moving along albeit slowly for most investors. Lots of promise and looks like some nice new products on their website. Not going full boar at Long Beach yet although small batches seem to be getting done. Competition is rearing its ugly head in a big way, most notably Canopy has full intentions of US beverages through deal with Acreage Holdings to go along with some other products that have made their way to shelves. Canopy's rep for flavour and effect isn't that good so Tinley's reviews are promising for great success when management gets around the regulators that seem to be holding things up. glta and dyodd
Fingers crossed! Details are getting taken care of and someday soon we will have to arrive. I trust Jeff and we have a beverage team of pro's who can do this as the bureaucrats allow. My sense is that we are getting very close to a trigger in the US that will launch the biggest greenrush the world will ever see. Election is coming and lots of bills in this regard. Trump should quickly legalize it at the Federal level and he might gain some points. It is looking like he needs them.
I agree with you this is going to do very well and I do not think we have to wait very much longer
Great analogy. Tinley is still the leader of the pack imho.
Canada too! Like navigating quicksand. Here they can sell it but with such ridiculous advertising restrictions a crappy packages they can not tell anybody about it, oh and the biggest province has maybe 20 stores open. It is a joke but we will have the last laugh
California threw out another glitch to Tinley. Now the bottles have to be opaque or amber or some such so consumers can't see the liquid clearly. And Tinley is trying to get into production at their brand new facility. So much bullchit being thrown out by the bureaucrats to slow down the greenrush for America.
There's a lot of potential good news waiting to resonate in investor's ears. Hopefully it will get everybody excited enough to tell their friends. That includes our management. So much to look forward to and it looks like a few more nice looking products are ready to go. Tinley recognized that quality and flavour were needed and while I haven't tried our Tinley, I have tried Canopy's and I don't give them high marks. If Tinley's drinks are half as good as reported, we will own the Canadian market when we finally get there. I can't wait!
CSE monthly report today. Things are coming together nicely in California. Production is supposed to start next week. It looks like Tinley moved all of their phase 2 production products and are ready for our own manufacturing facility production. Co-bottler deals getting negotiated for 3 formulations done by Tny. BEcketts sober curious headed to 6000 stores. Looks like that will be the big money generator and Tinley 27 infused supposed to hit shelves in Canada in mid August. Lots to look forward to.
Tinley's Long Beach Facility Passes All Remaining Municipal Inspections
LOS ANGELES and TORONTO, June 24, 2020 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. ("Tinley" or the "Company") is pleased to announce that its Phase 3 bottling facility in Long Beach, California has passed all remaining municipal inspections. The facility has received a provisional cannabis manufacturing license from the State of California, and the Company expects production in the facility to begin in mid-July.
The Company's 20,000 square foot bottling facility has successfully passed the City of Long Beach's electrical, plumbing, health, mechanical, fire, building final and cannabis manufacturing inspections. The facility has accordingly received a Temporary Certificate of Occupancy from the City of Long Beach, which enables issuance of its Conditional Business License. This conditional municipal license enables the facility's existing state-issued provisional cannabis manufacturing license to become immediately usable for cannabis production. Accordingly, the Company expects the first bottling run to take place in the facility by mid-July.
The Company has fully exhausted its inventory of Tinley(TM) '27 multi-serve products, which were produced at the Company's recently-decommissioned Phase 2 facility. The Company is therefore working expeditiously to complete production of new batches of the multi-serve product at the Long Beach facility. The Company's inventory of carbonated, ready-to-drink products is nearly depleted, and the Company expects to begin production of this product line upon completion of the still products.
The Company expects to generate initial co-packing revenue in Q2 from pre-production packaging services. It expects to begin generating fees for full manufacturing and distribution-related services in Q3, shortly after the initial carbonated commissioning runs.
"This has been a painstaking process, so we're ecstatic to have passed these inspections and see our flagship facility move towards full operations," said Rick Gillis, President of Tinley Western USA. "Our facility features new Italian technology specifically designed to provide levels of efficiency and versatility needed for manufacturing our own products as well as for delivering robust, industry-leading co-packing services."
The Company has a high-volume pipeline of co-packing clients for its new facility, at the same time as it continues to experience consumer adoption of its own award-winning cannabis-infused beverages. The Company further expects to provide reciprocal co-packing referral services with a Canadian co-packing partner.
Just in. Licensed and good to go!
https://stockhouse.com/news/press-releases/2020/06/24/tinley-s-long-beach-facility-passes-all-remaining-municipal-inspections
Pretty exciting seeing those bottles moving around our manufacturing line. A poster said that we got a temporary occupancy permit and seemed to know a couple of tweaks that were asked for by the firemarshall or somesuch. Somebody said that we have to do a run of product to get the final ok. Rumour has it that we might have product on shelves in Canada by August. There have been sales boosts in this type of infused products since people are staying home over covid, plus it is summertime, perfect time to quench with our buzzy offerings. Now we need some legislation to get State and Fed on the same page to launch the US greenrush. Maybe it will be on the ballot.
Fantastic! Thank you for sharing
Got some magic happening today. Volume and price moving up a little. Nothing like what I am expecting though, sometime in the near future.
Tinley is getting some respect for volume and shareprice. Gotta be getting close to our own facility production in California.
Tinley had a pretty good facebook session interview organized by a shareholder. 2 hours worth of questions asked and answered by Jeff Maser. It's a waiting game moving towards our own facility which should move the needle on our shareprice. The facility is built, just waiting on final inspections and occupancy permits. Lots of co-bottlers lined up apparently.
Tinley Beverage : Grows Asset Base to over $7 Million at Its Long Beach Facility and Experiences Rapid Revenue and Margin Growth
Envoyer par e-mail
05/27/2020 | 05:19 pm
LOS ANGELES and TORONTO, May 27, 2020 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (“Tinley” or the “Company”) is pleased to announce the release of its financial and operating results for the fourth quarter and fiscal year ended December 31, 2019, and provide revenue guidance on the 3-month period ended March 31, 2020 (“Q1/2020”).
Highlights:
Capital expenditures grew Tinley’s asset base to over $7 million, notably in Property and Equipment, by the completion of the Company’s Phase 3 bottling facility development in Long Beach, California
Revenue guidance for Q1/2020 of over $170,000, more than double all of fiscal 2019, with gross margins turning positive and exceeding 40%, driven by growth across all product lines
Tinley’s flagship bottling facility in Long Beach, California represented the majority of the Company’s expenditures in fiscal 2019 as well as the installation of a Phase 2 bottling line, which is now slated for installation in an expansion territory outside California, and the addition of transportation vehicles to support marketing and distribution of its products in California. The Phase 3 facility in Long Beach is now largely complete, and it is progressing through final building inspections with the City of Long Beach and State regulators.
Simultaneous to the Long Beach buildout, the Company began building revenue via production at a Phase 2 bottling line, which was also built in 2019. Significant revenue growth began in Q4, 2019, and the Company expects to approximately double its 2019 annual revenue in Q1/2020. With this added scale, the Company’s gross margin is expected to turn positive and be in excess of 40%. The Company believes this growth is attributable to (1) the winning of the #1 and #2 awards at the Emerald Cup in December, 2019, (2) the addition of Shelf Life Distributing, (3) enhanced brand awareness and consumer reviews, (4) the launch of the Company’s non-infused “Beckett’s” product line and (5) the cannabis beverage category becoming the second-fastest-growing category in the cannabis industry, which occurred at the start of the COVID-19 pandemic. Further, this level of revenue growth was achieved despite the closure of one of the Company’s key distributors. The inventory in this distributor’s possession represented a potential of up to an additional $25,000 of sales.
The Company expects continued growth as its flagship bottling line becomes operational and as its non-infused products launch in 4 additional national and statewide retail chains. The Company is currently in a unique position to provide advance revenue guidance for Q1 given the regulatory relief provided by regulators due to the COVID-19 pandemic, which has left less than one week until the Q1 filing. The Company does not expect to be in a position to provide such advance guidance in absence of such extensions in the future.
Since the start of fiscal 2019, the Company also:
Signed an agreement for Canadian expansion with Great North Distributors. The Company is presently working to complete a second and final agreement with a party that will enable the Company’s products to be manufactured in Canada for availability throughout the country.
Doubled the number of dispensaries where the Company’s infused products are available, built a robust home delivery network that covers over 90% of the population of California, and added Shelf Life Distributing to continue to drive the growth of the Company’s retail presence throughout the state.
Negotiated agreements with a pipeline of co-packing clients, which the Company expects to consummate once Long Beach nears final approval.
Appointed two-time NBA All-Star Baron Davis to the Advisory Board. Mr. Davis is currently working on marketing initiatives and development of new products for the Company’s own products and its expected co-packing clients’ products.
Delivered its non-infused “Beckett’s” products to BevMo!, one of the largest liquor store chains in the West Coast, for availability in their 150-store network throughout California.
Became approved vendors for its non-infused products at 2 major national chains, and secured requests for products at two other major chains, collectively representing over 6,000 stores across the USA and Canada. The Company expects to begin trials in Southern California at select stores from each of these chains.
The audited financial statements and MD&A for the year ended December 31, 2019 can be found at the company’s profile at www.sedar.com.
California licensors are still dynkin' around, if they are work at all. 18K a month and it has been several now. Jeff must be climbing the walls watching that cash fly out the window considering he has built this company on a shoestring with great money management and concern for shareholders. Somebody needs a fire lit under their azz to get this brand new built facility approved and manufacturing our products.
Bottling facility in California is built and ready for production, final approval and occupancy permit, sometime soon, I hope! Permitting and inspection people in California sure don't move quickly and we are burning through $18k a month for a built plant that isn't operating.
Tinley's management experience knew that all the formulating, market-testing and tweaking were what it is going to take to build a successful company. That formulating and recipes are money and the failure rate is high. New product offerings that are unique like Tinley could sell pretty much anything they come up with once but once will not grow marketshare. Tinley has the braintrust to build a unicorn but this will take time. As a disruptor to alcohol, to steal some of their marketshare will take lobbying to change rules preventing us from being in bars and lounges. When we get mainstream in bars and lounges and consumers recognize us, then we can become as mainstream in retailers as alcohol beverages. Disrupting takes time and effort to open doors and change legislation.
Excellent post! My sentiments exactly!! Tinley was wise enough to revamp their formulas and packaging when the California regulators changed the rules. It was expensive but it was necessary and they have a stronger business because of it. Go Tinley! And good luck to you!
Tinley has mentioned a lot of progress that they are working towards to be a main player in cannabinoid infused beverages. Milestones require a lot of effort and time, to sort out events beyond their control. Tinley's bottling facility seems to be a gamechanging event according to investors and also seems to be taking a long time to get the final stamp of approval or inspection or what-ever it is so we can bottle our products and co-packers products much more cheaply than us paying co-packers to bottle our lines. Tinley had the courage and commitment to forge ahead and build our own facility to bottle our style of specialized products, as well as other's. Some investors are looking for sales numbers when we have barely been allowed to market our products. Have patience! The reviews that are coming back are pretty good and we have award winning products according to our peers and consumers. If you don't see the future of cannabinoid infused beverages being a disruptor to big alcohol then you might want to move on down the road and find another investment. I am a believer but I also recognize that this won't happen overnight. The playing field with big alcohol is very unfair as government law and policy makers sift through the information to come up with fair and logical guidelines. Tinley has a very successful beverage team assembled with years of experience and successes that are working to bring this whole new legal vice to the marketplace. glta and dyodd
There is a Facebook post showing our bottling line running which is supposed to be taken today. Could it be that we are licensed and operational?!
Thank you for this. Excellent article!
Tinley got a new connected distributor to merch their products in Cali. A couple of Vans wasn't going to do it and those will still be utilized for cooler/fridge deliveries or sales vehicles or for special events. Lots of news to come, when it happens. 3rd facility approval and implementation of production. other party bottling. Canadian lp and bottler announcement or Nevada! Potential new product lines and Revenues. glta and dyodd
CSE monthly report due on the 5th or 5 trading days. Could be combined with licensing info or sales number trajectory.
A flash of green today for our shareprice as our bottling facility closes in on final approvals. Being our own bottler and also having excess capacity above our needs bodes well for increased profits and revenue for co-packing for others.
I have a feeling that is by design. I also sense that it is about to change very soon. Monday announcement about getting one step closer to getting our facility the green light and rumours that there are co-packing deals waiting on this. It is a crazy time in the financial world with the effects of Coronavirus and the revaluations of greenrush companies with investors looking for old accounting practices to value these companies and nobody rewarding bullchyt. Canopy Growth looks like they are first out of the gate in Canada with thc infused beverages on shelves and getting reviews but I still like what Tinley has done with their award winning market-tested products and the recognition they got. 2 beverages entered and 2 winners is pretty good and we all know how Coca Cola guards that recipe. Those formulations are worth money as is the IP and know-how that they have acquired and that the team brings. Now we will see how they can promote and make the consumer aware that we exist. glta and dyodd
It amazes me that they are so under the radar
Little interest and very cheap considering they are moving this forward and have a ton of potential.
Scaredy sheeples are affecting everybody but the golds. Value added marijuana companies are not immune no matter what they are doing. On that subject, Tinley is moving forward albeit at the speed of government, as the law and policy makers drag their anchor for fear of making mistakes. I don't know how the coronavirus is affecting our stock price other than it was going to be something to get the herd moving after a lengthy bullrun. I can certainly understand that airline stocks are going to get a hurting and I guess oil companies too with less demand from all of those people staying home to keep from catching the virus. During slow times consumers still like to vice and spend money to feel good about themselves. Enter Big Alcohol or...………..Tinley thc infused, low cal, fun beverage, to take your mind off things. No hangover and possible health benefits too. Somebody on another sight even threw it out there that pot quickens the cure time of coronavirus, in which case, we should fly off the shelves and be Internationally consumed immediately. Don't eat that Elmer, 'cause I think it's bullchit but cannabinoids were segueyed into legality because of their medicinal properties, perceived or real! Tinley has well formulated, award winning products that have been market tested and tweaked. They are on shelves for consumers to buy in California with eyes for other places like Canada eh! and also Nevada. They have a brand new bottling facility wholly owned by Tinley waiting for final licensing so we can reduce costs for our own bottling and generate revenue by bottling other's products in a state of the art facility in Long Beach California. We have also been approached for clean and sober beverage offerings that some feel will be in great demand as adult flavours. This has happened and these too are on shelves for consumers. I also believe that we have money in the coffers and our whole effort has been done frugally with positive results. Our shareprice has lost some of its exuberance as the greenrush is getting a slap-down across the boards. I haven't sold a share and despite some heavy competition throwing their hat into the ring, I think we are still ahead of Canopy/Constellation's efforts and most recent delay. Time and the bottom line will tell the story. I think we won't see the 200 bagger stockprices of days gone by but I can imagine a 20 or 30 bagger for a market disruptor to unhealthy alcohol when the consumer catches on. glta and dyodd
Tinley at the Oscars.
https://twitter.com/i/status/1225196743953911809
Mighty quiet for a company that has done so much and are on the verge of big things happening. Beverages and Tinley is pure beverage adult thc infused and sober curious adult flavours with no alcohol or thc. Cott people built this company and have done a lot in a short time and have thc infused award winning beverages on shelves in California and are on the path for final approval of their own bottling facility in California's Long Beach with a tax haven.
I am expecting big things or a buy out at a great premium because they have formulated, market tested and tweaked thc infused products and are far ahead of Tilray (100 million dollars to formulate beverages) Canopy/Constellation and other Big Alcohol guys like AB InBev and such. They also say they have contracts lined up for Canada with bottlers, lps and a distributor. glta and dyodd
We're not getting the juicy stuff as far as nrs. We've got to be on the verge of some serious concern announcements or as I like to call it: real news. Canadian lp/bottler was what I was looking for and we got news about the distributor. Canadian innovation launched the greenrush and typical of Canada's "nice" politicians and policy makers, have done everything in their power to allow legal rec cannabis for adults and strangled it at every turn, especially the phase 2 edibles and in Tinley's case drinkables. No news could be good news if we are flying below the radar and have a deal with Canopy Growth to utilize their magic ingredient and new, excess-capacity bottlingline.
Long Beach facility is rumoured to be waiting on a transformer or something hard to get to get final approval and get it kicked into gear. As I recall the rent is $18k a month and this has been dragging out for awhile. If I was ram-rodding this big money generator I would be breaking heads to get it done. Maybe our team have been doing too many sampling opportunities and product quality testing and are having a little trouble getting this done because of it.
We have definitely gone off the radar of investors and are long overdue to get some conventional advertising going. Point of sale neck ringers and shelf talkers aren't going to be seen by anybody that doesn't frequent the dispensaries. I know there's rules for ads which need to be addressed with lobbying to at least get a level playing field with Alcohol. Very un-American and long overdue, unless we are selling out everything we can get on shelves. Might perk the interest of investors though. Loss of interest and no investors seems to be the norm lately and this needs to change. glta and dyodd
Anyone have news on Tinley? They are the only ones to book a lower low since November of all the stocks I watch. Are they the first in a new round of dumpster diving or just unlucky?
I really liked the fact they pulled back their product and bit the bullet and got all their formulas and labeling compliant as soon as Cali changed their regulations. They may still be feeling the drag from that. I know California tho a big market the competition is fierce. The product reviews have been good, hopefully they do well
Tinley is coming together as fast as politics will allow. Any day now, we will hear about the licensed facility being up and running. Also the Canadian lp/bottler of our Canadian offerings. We already know they have distribution lined up for Canada and the foot draggin' on announcing the bottler gives me an inkling of hope that it is Canopy who just happen to fit the bill for licensed producer and have a huge bottling line with over-capacity built in as does Tinley's bottling line in Long Beach. I'm not as enthused about the Canadian effort as the California marketplace because Canada seems to be strangling the efforts of phase 2 with highly limited dispensaries and packaging rules in addition to advertising. The US is more progressive in those regards and the pressure on the Feds is mounting for MORE, SAFE or descheduling marijuana at the Federal level. Let the great US greenrush begin! Tinley is doing well considering the potholes in the playing field that keep showing up. I don't know what the issue is in California but you don't build a 20 million dollar plant to have the deal queered by some government lacky. The major pot stocks seem to be turning around for the better, maybe in anticipation of US getting it together for rec use at the Federal level. jmho, glta and dyodd
Thank goodness Tinley has a well experienced team pushing this forward. For those still in doubt about the no alcohol, no thc adult style beverages done for Bevmo, think about it this way. Does it matter if the product you are generating revenue off of on your bottling facility, is clear or thc infused? The profit is probably the same for formulated products. These bottling lines can crank out amazing volume and if we spent the money to tool these up, revenue can be made 24 hours a day if the beverages are moving. There is a fly in the ointment as far as advertising of cannabinoid infused products, although I'm not sure what it is other than I sense we don't have a level playing field with Alcohol which is where we are trying to get our share of the market from. If everything we can produce is moving off shelves then it makes good sense to not spend the money for conventional advertising and having too much product out there is not good, as we found out when we had to trash what we had for changing legislation early on with one of our launches. At least we can have a nice inviting package in the US as opposed to the plain wrapper and labelling that is legislated in Canada. Think about all of the diabetics and borderline diabetics or just large people that would pick a calorie reduced drink and that justifies the new line of clear products. glta and dydodd
I agree with your thinking on the track to breaking in the market gently, something for everyone not just the hardcore guys.