The Tinley Beverage Company (CSE: TNY) this morning issued a brief update to the market, announcing that the company has finally completed commissioning at its Long Beach, California cannabis beverage bottling facility. The completion follows the production of full scale batches of all its cannabis infused beverages at the facility.
Now that the commissioning has been completed, the company has indicated that it is now able to take on co-packing clients while also meeting its own production requirements. Prior statements made by the company have indicated that numerous introductory discussions have been held with potential clients to date.
Furthermore, the company also released a slight update on the ongoing distribution growth of its non-infused beverage line Beckett’s. The company saw a successful trial at two Costco warehouses recently, with placement now being extended over the busy Thanksgiving and Christmas shopping season. The trial placement is now expected to run through to the end of December.
With respect to the placement at Ralph’s grocery chain, fifteen locations have given the go-ahead for product placement, with product expected to roll out over the next to weeks. Approval has been granted for all of the nearly 200 loctions within California, with Tinley anticipating to launch at between 40 and 50 locations as part of the initial trial.
The Tinley Beverage Co last traded at $0.55 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.