One rotten applespoils the barrel and that is what our new/old Tinley management has to overcome.
Jeff planted the seed and inspired the future of cannabinoid infused beverages. I don't believe it was lack of foresight with all of the copycats lining up to be what we are in California. At first this ran ahead of its true value, back in the old $2 days but came back down to earth pricewise for a lot of reasons.
The whole greenrush got overbuilt and overvalued and corrected and continue to correct and combine that with the rules being written on the fly and it's amazing anybody succeeded in California to get cannabinoid infused beverages on shelves at all.
When you fall as much as Tinley's shareprice, it is because it rose to the heights it did on future potential valued in before positive bottomline.
Maser inspired the idea for Tinley and chose some highly credible employees and partners to carry this out. We got caught in the tailspin, maybe because the other credible employees didn't want to bite the hand that put them on the job.
Some say, they let it happen, but they got him to back down because of the cloud of discontent from shareholders. We are going to see if our other beverage professionals can break the downtrend in our shareprice, partly because of marketmakers.
Rick has management experience that hopefully will be enough to get us on the right track such that shareholders change their opinions and open their wallets to the potential that this type of sku brings. We have a lot of competition queing up to do what we are doing and I believe that we have lost our first strike advantage as I see more and more products of this type hitting shelves and onlines. It is going to be a dogfight to see who wins marketshare and value as winning lines of infused beverages.
Finally, Tinley's LB facility is ready for production and our team has felt the need to increase packaging options to meet demand from co-packers who want cans and shots. This is an alternative revenue source, much like a back-up plan if our beverages suck, such that we can still be a viable company. We are on the verge of seeing those results.
Tinley, despite all the effort might have succumbed to the huge failure rate for new beverages despite the awards and classy looking packaging or it may not have caught on yet because of our production problem delays that are being dealt with.
We have a big que of co-bottlers, some with huge credentials, that we are told have a spot for production in our facility.
I don't believe this is the time to abandon ship and devastate the shareprice more than it has been already. It has been tough sluggin' to get to where we are which is on the verge of positive revenue or a buyout.
glta and dyodd