Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Tinley Beverage Company Inc C.TNY

Alternate Symbol(s):  TNYBF

The Tinley Beverage Company Inc., together with its subsidiaries, manufactures a line of non-alcoholic, cannabis-infused beverages for use in California, United States and in Ontario, Canada. The Company also manufactures cannabis-infused beverages for contract manufacturing clients. It offers terpene and cannabis-infused non-alcoholic Tinley's '27 and Tinley's Tonics products, for distribution to licensed dispensaries and home delivery channels in California. The Beckett's Classics and Beckett's '27 lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers in the United States as well as in select grocery and specialty stores in Canada. Its subsidiaries include Hemplify Inc., Algonquin Springs Beverage Management LLC, Beckett’s Tonics California Inc., Beckett's Tonics Canada Inc., Tinley's Canada Inc., and Lakewood Libations Inc.


CSE:TNY - Post by User

Post by hintonkidon Jul 02, 2020 2:33pm
242 Views
Post# 31217032

Sell the news?

Sell the news?News, that investors have been looking forward to for some time finally came out indicating that Tinley has now received it license from the State of California for the new bottling facility and that Tinley will likely be receiving delivery of ingredients next week so that they can  start ramping up production and get product out to distributors and clients but instead of the share price climbing on the news, the opposite happened.  The price has been going down.  Could it simply be a case of buy on the rummor and sell on the news where traders were accumulating shares in the company knowing that licensing and approvals for the plant were likely close at hand which pushed the share-price higher and then they sold their accumulated shares on the news at a profit?  It is also possible that traders and investors, alike, are selling today ahead of the July 04th long weekend with the US markets being closed Friday July 03 just in case negative news comes down over the long weekend that would take the markets significantly lower on Monday.  I suspect that once news starts coming down about the closing of co-bottling agreements with the 5 potential clients/partners including, perhaps one in Canada, then the share-price will improve significantly as traders and investors want to get on the gravy train and ride the stock to the next station and beyond.  This stock has a lot going for it and I suspect that investors outlook will turn quite positive, soon.
<< Previous
Bullboard Posts
Next >>