RE:NEWS RELEASE 31ST OCTOBER 2016Was just about to post it! Great news and another $1M in the bank!
Camwow9 wrote: https://ceo.ca/@marketwired/tinley-receives-106-million-in-warrant-and-option
Tinley Receives $1.06 Million in Warrant and Option Exercises
TORONTO, ONTARIO and LOS ANGELES, CALIFORNIA--(Marketwired - Oct. 31, 2016) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.
The Tinley Beverage Company Inc. (the "Company" or "Tinley") (OTC PINK:QRSRF)(CSE:TNY) is pleased to announce it has received $1,065,811 from the exercise of warrants and options over the past 30 days.
The Company currently has a cash balance of just over $3.8 million after giving effect to the net proceeds of the recent private placement, the warrant and option exercises and existing cash on hand. Management believes the Company's current cash position provides ample resources to pursue its organic growth strategy related to CBD and THC beverages. This strategy focuses on Canada and in 5 key Western states with medical marijuana programs and where recreational marijuana use is either legal or where a proposal to legalize recreational use will be on the ballot in the upcoming US election in November.
About The Tinley Beverage Company, Inc., Hemplify, Inc. and Tinley '27
The Tinley Beverage Company (Toronto, Canada) is the parent company of Hemplify, Inc. (Santa Monica, California). Hemplify, Inc. manufactures the "Hemplify" line of products. "Hemplify" is a line of fruit-flavored, sugar-free, vegan, drinkable supplements that contain hemp stalk extract. This extract contains terpenes and other phytoconstituents. Each product also contains 9-12x the potassium electrolyte content of major sports drinks, 200mg of Omega 3 and excellent sources of 9 vitamins, including 100% DV of Vitamin B12, C and D. Hemplify is produced with patented technology that elevates absorption into the bloodstream, ensures shelf stability and masks the hemp oil's taste to deliver delicious, refreshing flavors. The company is selling its products in California and in 5 other states, as well as online. Tinley has also developed "Tinley '27", a line of cannabis-infused beverages designed for the Canadian and US markets, and is pursuing partnership opportunities with licensed producers for production of these products in jurisdictions wherever such products are permitted.