Tinley Beverage Announces Co-packing Arrangement With Sprig
The Tinley Beverage Co (CSE: TNY) this morning announced it has secured yet another co-packing partner. The latest firm to be added as a client to the company is that of Sprig, one of the most prominent cannabis beverages within the state.
Originally founded in 2015, Sprig is most-known for its hemp-derived CBD infused beverages that are available nationwide. As a result of the partnership with Tinley, the company is now able to re-enter the THC-infused beverage space with two new lines of products. The product is to be delivered to both home delivery and dispensary channels.
Sprig is expected to be the first product produced on Tinley’s new canning line, which is the third production line installed at its flagship Long Beach facility.
“Our canning line represents a significant additional source of production capacity. Together with our bottling and mini lines, and with our tunnel pasteurizer, our facility in Long Beach now offers a large variety of packaging, formulation and batching options for third-party brands. We’re excited for Sprig to be the first brand to run on this new canning equipment.”
Rick Gillis, President of Tinley’s, Western USA
The Tinley Beverage Co last traded at $0.33 on the CSE.
FULL DISCLOSURE: Tinley Beverage is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Tinley Beverage on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
