Tinley Beverage Co (CSE: TNY) this evening announced that it has entered an arrangement with that of Peak Processing Solutions to produce the Tinley ’27 line of cannabis beverages in Canada. The arrangement marks the second such arrangement for Tinley’s lineup of cannabis infused beverages within Canada.
Peak was selected for the ’27 Collection as a result of its equipment being uniquely configured for the 150 mL bottle format that will be used by Tinley in Canada. Peak holds exclusivity for both the manufacture and distribution of the ’27 Collection within Canada until certain minimum orders are met, which includes the Coconut Cask, Cinnamon Cask, and Almond Cask products.
The products will effectively be the same as the Californian offerings, save for packaging, labelling, and dosing based on Canadian regulations. The source provider for the cannabis emulsion has completed production and testing of the batch that is to be used in these products, with non-cannabis products having been shipped from Tinley’s Californian facility last week.
Health Canada mandated prep work along with product testing is to begin immediately by Peak Processing. Great North Distributors meanwhile has begun initial conversations with provincial cannabis boards, with interest expected from at least two notable buyers, with the company working towards cross-Canada availability.
“The Agreement with Peak is an exciting step for our company as we seek to further drive geographic expansion through launch of our second product family in the Canadian market. Peak’s facility and team of professionals deliver the world class standard of Cannabis 2.0 co-packing services that we strive to provide at our own licensed co-packing facility in Long Beach, California.”
Rick Gillis, President of Tinley California
Financial details of the arrangement were not disclosed.
Tinley Beverage Co last traded at $0.45 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.
