Tinley Beverage Co (CSE: TNY) announced after the bell today that it has signed with Great North Distributors for the Canadian distribution of Tinley’s branded products. Great Northern is the first legal national sales broker of cannabis products within Canada.
Under the terms of the agreement, Great North will be responsible for distribution of Tinley’s product lines across the country, which will be conducted throughout the firms nationwide sales and distribution network. The agreement is the first US brand to fall under Great North’s belt, who also distributes for both Pasha Brands and Aphria on an exclusive basis.
The agreement marks the first sign of entrance to the Canadian market for Tinley, who plans on signing a series of agreements related to the Canadian market. The firm will now have to sign a manufacturing agreement with a Canadian licensed producer for the Canadian manufacturing of its alcohol-inspired cannabis-infused products. In this regard, Tinley has indicated that it is now “in a position to consummate its negotiations with the licensed manufacturer for product manufacturing, and it is presently in advanced-stage discussions with such a company.”
Great North’s team hails from my largest competitor during my tenure as President of Young’s Market Company, the Western USA’s second-largest beverage alcohol distributor. I’m therefore keenly aware of their formidable processes, team expertise and marketplace execution. I’m delighted to have this caliber of service representing us to drive widespread distribution of our cannabis beverages in Canada.Richard Gillis, President of Tinley, Western USA
Tinley indicated that it is currently engaging in conversations with that of provincial regulatory bodies for the purpose of getting its products into these markets.
Tinley Beverage Co. closed today’s trading session at $0.53 on the Canadian Securities Exchange.
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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.