The Tinley Beverage Company (CSE: TNY) is officially fully licensed for cannabis manufacturing at its flagship Long Beach, California facility. The company has seen the State of California issue a full manufacturing license for the facility following the conditional business license issued by the City of Long Beach.
As a result of being fully licensed, Tinley now expects to receive its initial delivery of cannabis as early as next week. The firm expects bottling to begin shortly after receiving this ingredient, with the initial run consisting of the Tinley ’27 multi serve products. Chief among them will be a new product, referred to as Arabica Cask.
Further, the company is now in a position to begin to sign co-packing arrangement with clients that have been waiting for the final licensing at the facility to occur. Tinley has indicated that it will update the market as they are signed, with the text included in todays news release hinting that there may be several waiting to be signed.
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Today’s announcement by Tinley is significant in that the manufacturing licensing is no longer “provisional.” The full-fledged license enables the company to produce all forms of cannabis-infused products, such as topicals, edibles, and beverages at the 20,000 square foot facility.
Tinley Beverage Co last traded at $0.54 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.
