Tinley Beverage Co (CSE: TNY) has shipped the first co-packing products from its Long Beach, California facility. The company this morning announced the inaugural shipments, while also announcing an additional co-packing arrangement for the facility.
The shipment of product follows the completion of the first production runs for two separate SKUs for third-party products at the facility. Products have now been shipped to distributors for testing and distribution to dispensaries, of which the clients reportedly have listings in nearly 400 locations. Five more SKUs are reportedly set to enter production near-term, with additional products currently being planned with new clients.
Also announced this morning is the addition of Good Stuff Beverages as a co-packing client of the firm. The company currently has a collection of natural tonics that feature high-dosages for consumers. While details were slim, it was indicated that at least four separate SKUs are to be manufactured by Tinley on the behalf of Good Stuff Beverages.
“Tinley’s team of food quality and process experts, coupled with our in-house specialized production equipment, will deliver the requisite consistency and stability for this natural fruit-based brand. Good Stuff is a longstanding favorite in California’s cannabis community, and we have no doubt consumers will love these enhanced formulations.”Rick Gillis, President of Tinley West Coast USA
Tinley Beverage Co last traded at $0.445 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.