Tinley Beverage Company Inc C.TNY

RE:RE:RE:RE:RE:Who will be our Canadian LP partner(s)

[CAV3MAN]

I see what you're getting at. Canopy gets exclusivity to any country where mj is legal at the federal level but excludes the U.S.
Under this licensing agreement, Canopy Growth will have the exclusive right to manufacture and distribute FTF's Trokie® lozenges through its subsidiaries in Canada, as permitted by federal regulations, and shall have a first right of offer for all other countries where federally lawful, and excluding the United States.

My opinion is that it is an area of uncertainty and markets hate uncertainty. The risk of derlisting is real.
https://www.stockhouse.com/companies/bullboard?symbol=c.tny&replyto=27241849&mode=quote&threadid=27241032&source=bullboard

In the meantime, TMX appears to be taking a case-by-case approach to how it handles companies with U.S. interests. While Aphria is still listed even with its Florida investment, other producers have faced some push back.

Canadian Bioceutical Corporation voluntarily delisted from the TSX Venture Exchange this year when the company was told it couldn't pursue opportunities in the U.S. recreational market, said CEO Scott Boyes. The uncertainty has hampered the company's efforts to partner with other larger Canadian firms, he said.

And yes, my original expectation was that more (TMX) Canadian companies would be looking to access the California market with rec legalization pending given the potential and the expertise that they bring to the sector.

NedStark wrote: I appreciate yours as well.

The TMX announcement was in October and Canopy announced a partnership with Farma to Farma Inc. in November. Believe me, there are no regulatory issues when it comes to this type of situation.

Why would you expect a ton of partnerships happening because of California Rec regulations? Cali Rec is for sales in California, so the Canadian companies won't touch that.

I'm not implying that Tinley will definitely sign a partnership with a Canadian LP, but it surely is possible and wouldn't break any laws.

CAV3MAN wrote: No worries Ned always appreciate your posts and opinions. The announcement when it came out in October caused considerable consternation among LPs.

I thought I had read something recently that it was clarified but I couldn't find a reference. I believe the majority of the deals you mention below pre-dated the announcement by the TMX. 

According to this article below, a review is supposed to happen. 

My understanding is that there isn't clarity on the topic but I think it's safe to say that there hasn't been a whole lot of dealing done between TMX companies and U.S. coompanies since the announcement. Would have expected a ton with Cali Rec day soon so my assuption is that without clarity, the deals are just not happening.

https://www.thestar.com/business/2017/10/17/tsx-to-smoke-out-marijuana-stocks-that-violate-us-federal-law.html

TSX to smoke out marijuana stocks that violate U.S. federal law

Exchange will review companies by end of year and delist any that aren’t in compliance. The move will remove uncertainty for investors, the CEO of the Canadian Securities Exchange said.

An alliance of Canadian securities regulators said Monday that it expects domestic companies with marijuana dealings in the United States to give their investors a good idea of the potential risks of doing drug business south of the border, which could now include the possibility of being delisted from the Toronto Stock Exchange.

“We expect issuers with marijuana-related activities in the U.S. to address the current legal and regulatory environment in their disclosures, including any risks that result from changes in the approach to enforcement of U.S. federal law,” Louis Morisset, chair of the the Canadian Securities Administrators, said in a press release.

Cannabis sales are legal in some states, but illegal at the federal level in the U.S. Furthermore, the Toronto Stock Exchange, Canada’s biggest, warned Monday that issuers conducting business in violation of U.S. federal laws around cannabis are not in compliance with the exchange’s own requirements.

Those not complying with the requirements could face a delisting review, the TSX said.

NedStark wrote: CAV3MAN, I enjoy most of your posts but your assessment of the situation based on your analysis of the TSX announcement is incorrect.

There is no problem with TSX listed companies partnering with or signing agreements with U.S. based businesses as long as the venture involves endeavours that will strictly take place within Canada.

Canopy has partnerships/agreements with many U.S. based companies such as Leafs By Snoop, Pot-O-Coffee, and Skinvisible to name a few.

There is nothing stopping a Canadian licensed producer from working with Tinley to produce and sell beverages within Canada once edibles are legal.

CAV3MAN wrote: I sincerely doubt that Tinley will partner with any large LP in Canada in the near future. They are listed on the TSX. The TSX has cautioned listed companies not to get involved in U.S. mj plays or face de-listing.
https://business.financialpost.com/investing/canadian-listed-marijuana-companies-with-u-s-operations-warned-of-delisting

Since constellation is strictly a legal beverage company, not involved in mj, the deal with WEED is not under scrutiny. It's a great deal for both companies.

Since the CSE has no caution then the best U.S. mj plays are on that exchange. That's why Tinley needs to stay there until everything pertaining to the TMX caution is ironed out.

The longer Tinley has to develop the brand, establish market share, supply chain, distribution, recognition, the more they will be worth when the ducks line up for a tackeover, acquisition, merger, or a Canadian jv.

The more established and successful they become in the meantime means the more your investment will be worth in the long term.

I'd much rather hold the volume of shares I'm holding in a sub $2 very high potential stock than to own a paltry number of shares in a >$20 stock, especially an overvalued one with billions in market cap and no sales volume.

I'm white knuckled on my Tinley shares as it's all house money for me having recovered my original investment.

If it took a couple of years for a much larger payout, I'd enjoy waiting and hanging out in the meantime with the great contributors on this board.

When Big Liquor, Big Pharma, Big Beverage and of course really Big WEED  are allowed in, let the bidding begin. Needs time before that happens. That's a perfect setup for shareholders.

retiredthisyear wrote: With EAT announcing Canadian partner and WEED and constellation and Aphiria and shoppers I can’t help but wonder who our Canadian partner(s) will be and when we will see that news. 

Sort of waiting patiently for news from Tinley......long since July 2016.