RE:RE:Monthly is out on the CSEIn some previous news, my understanding was that the facility was actually ahead of schedule, but that was awhile ago. The California licensing and inspection seems to organized around a build it and we will come attitude and don't forget the multi-layers of government and inspectors that you have to get in line for like permitting, licensing, fire department, building inspectors, right down to the dogcatcher lol, who's approval might be needed also.
Tinley has done pretty well considering and our management has delivered on thc beverages and got them on shelves in several locations. Keeping them there is a double edged sword. I'm happy if the are flying off shelves, but it is the repeat sales that will determine our success, so not being able to produce quick enough is an issue.
Tinley management opted out of cbd and their Hemplify brand because the legislation surrounding it is a conundrum and unreliable. What the Hemplify did was allow some formulation that could substitute thc for cbd (almost the same molecules) to get to where we are now. I still think that CBD is going to be the bread and butter of the cannabinoid market but needs some work done at the legislative level for assurance for manufacturers that are marketing products.
Things at Tinley are looking good and the biggest problem I see is that management is busy managing and not willing to divulge any info out to shareholders. Handshake deals aren't really reportable as fundamental development but do carry a lot of weight and tend to cause investors to create huge swings in shareprice. eg: Everybody that has an interest in pot investment is sitting on the edge of their seat to see where Bruce Linton pops up. When he donned the Martello t-shirt after his firing at Canopy, their sharevalue rose millions and that kind of price movement for shares is what I call irrational exuberance valuation and I don't think it is over. I think the best is yet to come as the US companies are moving forward with their greenrush with the optimism that cannabinoids are not going to be the reason for seizure of assets or criminal charges for investors and management by the Feds.
Tinley has missed some of the expectations as far as time is concerned, but they have delivered on their business plan and I think concentrating on THC is very smart, so we can capitalize on our uniqueness of adult style products and the headstart we have in formulation and tweaking.
Canopy wishes they were at this stage with their ambitions for beverages and I am positive that Tinley is in their headlights. glta and dyodd