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Tinley Beverage Company Inc C.TNY

Alternate Symbol(s):  TNYBF

Consumer Defensive Beverages - Soft Drinks Cannabis
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.


CSE:TNY - Post by User

Tinley Beverage Company Inc
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Comment by ImWarrenBuffetton Mar 31, 2017 12:35am
111 Views
Post# 26056286

RE:RE:RE:RE:RE:RE:RE:News release questions:

RE:RE:RE:RE:RE:RE:RE:News release questions:I have a question about the news release options that was given to Critical Mass.
The NR stated the following:

"The Company has also retained additional sales and marketing professionals and has issued them a total of 150,000 options. These options have a strike price of $0.33 and vest over a period of two years subject to continued affiliation with the Company. "

These are call options that give the right to sell 100 shares per option once/if the stock hits 33cents. The good news is this means they are extremely confident that the stock will go to at LEAST 33 cents. However, the bad news is exercising these contracts will trigger selling. 150,000 contracts x 100 shares/option contract = 15 million shares for 33 cents. Will this not add a lot of drag to the share price.

It's vested over 3 years, but is this not a form of diluting stocks by paying with these options? please clarify if I'm understanding it wrong.

Thanks
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