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.

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Tinley Beverage Company Inc > Rick Gillis in for more

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Comment by cosinus180on Jan 20, 2022 8:45am

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Post# 34336615

RE:RE:RE:RE:RE:Rick Gillis in for more

If that isn't a conflict of interest, I don't know what is. He knows exactly what is coming down or not coming down the pipe and he sets the price and he's the ONLY buyer. Don't forget, these come with warrants! I guess it looks better on paper rather than paying himself bonuses or consulting fees. Talk about insider trading!

Reyninak wrote: The main thing I smell is the BS that comes out of your posts... LOL

cosinus180 wrote: Well isn't he a nice guy! Dude, wake up and smell the coffee.

Reyninak wrote:

You were trying to be sarcastic, but indeed, there's actually absolutely nothing wrong with that.

The day before they requested the price protection for the PP (December 29th), the share price closed at $0.135 with a low of the day at $0.12. So, if Rick was really greedy, he could've gotten way more shares with his $312K considering that PPs usually happen at a lower price than current. At the previous close, he would've gotten 231K more shares. At previous day's low, he would've gotten 520K more shares.

Let's carry on indeed!!!

cosinus180 wrote: So he's the only investor? In a pp that he sets the price on? Nothing wrong with that! Carry on!

Digby8 wrote:
Richard Gillis, President and Chief Operating Officer of Tinley’s USA, and member of Tinley’s Office of the CEO, has purchased 2,080,666 units (“Units”) of the Company under the first tranche of a non-brokered private placement (the “Private Placement”) at a price of C$0.15 per Unit for gross proceeds of approximately C$312,000.

This investment brings Mr. Gillis’ aggregate position in the Company to 4,080,666 Common Shares.

“I am investing once again in Tinley’s to tap into what I believe is an unrealized opportunity within the cannabis industry”, said Richard Gillis. “The popularity of THC-infused beverages is accelerating, and I believe that Tinley’s, through its Long Beach Facility, with a newly activated distribution licence and growing menu of production methods and packaging capabilities, will continue to drive value by serving a growing roster of high-quality and high-volume client brands.”