Good old StockhouseI did up a reply to Cosinus and gave him a thumbs-up for his accusations of me being intelligent but the Stockhouse gremlins ate it. It was running a little long anyways.
Tinley has still got a knee on their neck, everytime it gets past .50c. I can't help but think how undervalued this is considering all of the achievements. Tinley has delivered on their business plan with a few swerves along the way. We have beverages on shelves in California despite all of the bs that has been thrown our way like plant start-up problems, licensing and inspections, having to come up with a new delivery agent and also losing confidence in our Becketts bottler. Management is aware of and dealing with all of these problems. Throw in the co-bottling deals that are imminent and we aren't getting the respect that we are due.
I know it will all come down to the bottom line or a suitor to launch our shareprice and my gut is telling me that a lot of this sp manipulation may be the latter issue of a suitor sitting in waiting. I remember the talk of our overcapacity in LB and a reciprocating bottler in Canada that may want to do a little biz with us in California.
It would be a lot easier in the US if the Bill that gets passed for descheduling mj from the Feds comes up with some blanket legislation to get all of those States on the same set of rules and also allow interstate transfer of product. Judging from the amount of US trading volume on Canadian LPs and US MSOs, investors down there are already treating this as though it has already happened. Tinley went all-in and went straight for the California market! I don't think anyone could have imagined the beaurocracy and red tape they would run in to but Tinley accepted the challenge and are breaking trail.
We have also gone International to Canada and it looks successful for the Becketts which is making its way to shelves and we are getting reviews. I expect that the costs for both style products will be about the same but that the thc infused will generate a little more profit judging from what has happened with Canopy's products which are showing huge mark-up value, although getting more reasonable with competition.
I do know that Canopy has eyes and high hopes on beverages for the US and they are doing it through Acreage until Acreage is absorbed by Canopy. They also have eyes for California but aren't there yet with cannabinoid infused. Maybe waiting do cross the T's and dot the I's with Tinley. We've got to have some acquisitors lurking around.l glta and dyodd