nervous64 wrote: Tuesday, January 18, 2022, 9:31 AM ET
Lakewood issued Distribution License at Tinley's Long Beach Facility; Tinley's Brand Product Clears State Testing Onsite; Client Batches Set to Follow This Month
TORONTO and LOS ANGELES, Jan. 18, 2022 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) ("Tinley's" or the "Company") is pleased to announce that, for the first time, a batch of product manufactured at Tinley's Long Beach Facility has successfully completed the State of California's testing, quarantine and lab sampling processes onsite under the distribution licence (the "Distribution Licence") granted to Lakewood Libations, Inc. ("Lakewood"). While the Distribution Licence was issued to Lakewood in August 2021, it could not be utilized until Lakewood received its distribution business licence (the "Business Licence") from the City of Long Beach ("City"), which was issued earlier this month. As previously announced, the Company has entered into a purchase agreement to acquire all of the equity interests in Lakewood, the closing of which is subject to certain standard conditions precedent including applicable regulatory approvals.
Receipt of the Distribution Licence and Business Licence is expected to expedite the testing and delivery of manufactured products, as brands will now be able to benefit from a new onsite 'first-mile' distribution option adjacent to Lakewood's licensed manufacturing space at Tinley's Long Beach Facility. The Business Licence was issued following months of extensive permitting work and inspections and marked the final step allowing Tinley's Long Beach Facility to activate the state Distribution Licence. This 'first-mile' distribution capability is expected to increase efficiency and speed to market by allowing the transfer of manufactured product from Tinley's Long Beach Facility's manufacturing area to the immediately adjacent licensed distribution space operating under the Distribution Licence. The first batch of product transferred, tested and cleared for market under the newly activated Distribution Licence was the Company's own Tinley's(TM) '27 Coconut Cask Elixir.
"The activation of the Distribution Licence marks an important step in completing our end-to-end service offering for the growing roster of great brands manufactured at Tinley's Long Beach Facility," said Richard Gillis, President and COO, Tinley USA, and member, office of the CEO. "Our team is thrilled that we can finally offer convenient and vehicle-free transfer of finished product from the manufacturing floor 'through the wall' to the approximately 5,000 square-foot 'first mile' licensed distribution area under the same roof," he added. "This new transfer option is expected to reduce product handling and eliminate transportation and logistical steps, thereby shaving off days between the completion of the manufacturing of client products and release to market."
VCC Brands' New CQ Shots in Indica and CBD-Relief: First Client Batches to Move to Lakewood Distribution
One of Lakewood's first contract manufacturing clients, Cannabis Quencher ("CQ") infused beverages, will be the first client brand to pass "through the wall" from Lakewood's manufacturing licensed area to the adjacent distribution licensed premises for quarantine, lab sampling and state testing. The first batches of freshly re-designed 100 mg THC CQ shots are expected to be produced on the mini bottle line later this month. "The ability to state test 'in-house' is a game changer for brands like ours," said Kenny Morrison, VCC Brands Founder and CEO. "This is a huge draw for Tinley's Long Beach facility in attracting brands for a full range of co-manufacturing services. The reduced batch handling, shorter timelines, and easier compliance processing means faster movement to our retailers and consumers." For more information about CQ visit www.VCCBrands.com.