The first cannabis infused beverage co-packing deal has been finally announced by Tinley Beverage Co (CSE: TNY). The company this morning announced that its first client for co-packing in California will be that of SIP Elixirs, the top selling cannabis beverage in Nevada.
The arrangement is significant, given that SIP Elixirs currently holds the top four positions in cannabis beverages within Nevada. Its products feature a high dose small format elixir that is infused with cannabis distillate and terpenes. The product is available in 50 dispensaries within Nevada, in the flavors of Watermelon, Tiki Orange, Wild Berry and Hurricane.
The products are to be produced at the firms state of the art cannabis beverage bottling facility in Long Beach, California. Further terms of the contract, such as production minimums or financial aspects of the arrangement were not disclosed.
“As the first third-party brand to be produced in our Long Beach facility, Sip represents a technologically-advanced, great-tasting beverage with an enormous consumer following. We’re confident they’ll experience the same explosive growth out of the gate in California as they have in Nevada.”Rick Gillis, President of Tinley, Western USA
The announcement follows the news that the company expects its own products to hit Canadian shelves shortly, in both cannabis-infused and sober-curious formats.
Tinley Beverage Co last traded at $0.39 on the CSE.
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