RE:RE:RE:RE:RE:There goes the molson-coors deal...First, thanks to Charlie and
Reyninak for their objective input.
I'm sure it's been said on this board before but California is somewhat of a mess.Only one in five samples are passing right now. This on top of regulatory changes is slowing everyone down. I agree management could do a better job updating the market, but Tinley is not along in their delays.
I agree that long-term strategy should be focused. If you are not familiar with CannaRoyalty I would watch this Midas Letter interview with their CEO. He goes over some of the challenges in California. He also mentions the strategy of distributing products, being able to identify trends and solid brands and then purchasing those brands. Tinley will have this same opportunity when they begin producing beverages for other companies, then they can take all the brands to new markets. Actually, I had a friend driving through Los Angeles back to Oregon last week and called 420 Central to see if they had the margarita in stock, they did and it was the only drink they were carrying. Sadly my friend was an hour north and wasn't going to turn around to go get the drinks for me.
Remember the big picture, everyone is experiencing delays in California, so if Tinley misses a Labor Day deadline try not to sweat it. Also, momentum is on Tinley's side, every large alcohol and cannabis company wants to develop a cannabis-based beverage and Tinley is already doing it in the largest cannabis market in the world. California is one of the best places to launch a lifestyle brand and they will be able to leverage this moving forward.
As far as Hemplify goes in an email exchange with Jeff he informed me they were making a strategic decision to focus on THC drinks. This makes sense to me.
Good luck to all. If I get my hands on a Tinley margarita I'll report back to the board.