RE:RE:RE:RE:RE:RE:RE:TNY will beNot really on the same page with the phase 2. I was under the impression that the phase 2 was expanded beyond the 250k per the monthly update which is encrypted like a pgp.
The phase 2 facility was completed in March, as per the news release here,
March 21, 2019: Toronto, Ontario and Los Angeles, California - The Tinley Beverage Company Inc. (the “Company" or "Tinley") is pleased to announce that it has completed its planned expansion of the bottling facility in the Coachella Valley, California (the “Phase 2 Facility”) to produce Tinley’s great-tasting cannabis infused beverages. This facility can now produce up to 3 million bottles per year, and the Company projects an average wholesale price of US$3-US$4/bottle for its single-serve beverages and US$15US$17/bottle for its multi-serve beverages.
https://webfiles.thecse.com/190321_Tinley_Completes_Phase_II_Capacity_Expansion-v7_jm.pdf?SSRMZb9yflwO9oWSsYeTQLZ__eZK5uXM
Monthly update June.
"Increasing production capacity at the Company’s expanded temporary facility in Riverside County"
Monthly update in July.
"Optimizing production efficiency at the Company’s expanded temporary facility in Riverside County"
Monthly update in Aug.
"Optimizing production efficiency at the Company’s expanded temporary facility in Riverside County"
According to these quotes & the dates,
Tinley has increased production capacity beyond the 250k! Correct me if I'm wrong, but I don't see how, which is fine, but I'm not taking a bearish negative narrative as a "fact" when it's not confirmed! Jmgreen wrote: Again this would be much clearer if we had official numbers but this is my interpretation. The first facility, phase 1 had very little capacity, no real numbers provided by the company but not enough to meet immediate demand. This necessitated moving to a phase 2 facility while waiting for phase 3 (LB). Phase two has a stated capacity of 250k a month which Tinley has stated is more than enough for current production AND copacking. This leads me to believe, although they anticipate getting there, they are nowhere near 250k bottles a month. Without knowing the capacity of Phase 1 it is very hard to even guess what they were originally bottling that made them move to phase 2. In my opinion they moved to phase two with a higher capacity than they currently needed because with all the delays they were experiencing they wanted to derisk operations in case phase 3 had significant delays.
KingKong wrote: Also, why expand production capacity at the temp facility if we are not even selling out the 250k per month? If it's for co-packing clients than i understand that, but it'd be much easier to understand if it came directly from the
"high horses" mouth & i didn't have to guess like everyone else. Time will tell per usual i suppose...
Jmgreen wrote: If the 30 dispensaries is inaccurate then Tinley should do their best to correct it, 30 is much smaller a number than many were expecting. While I don’t think Tinley is responsible for what people imagine the number should be Jeff himself has set the expectations of 50 to 80 a while ago in an interview.if the number is accurate well then that might mean some might have to temper their expectations on how easily we can get into these dispensaries. Jeff has mentioned how difficult it can be to change the mindset of the dispensaries as well as getting them to commit space, we seem to be bending over backwards to alleviate some of the challenges but if the number is truly 30 out of 500 then expectations really need to be curtailed. You can’t sell 250k bottles a month from 30 locations.
Neutral2 wrote: I chatted with Jeff briefly on it yesterday. He confirmed that a lot of the article was not accurate nor was it how Jeff worded much of the context. Why it was not taken down yet is a head scratcher? It is possible they have not received the request to take it down yet. IE Bevnet is still sleeping. Jeff’s tone seemed to be annoyed with these poorly written articles and I personally think we may be moving on to better journalist write-ups going forward. At the expense of frequency I presume, but at least when we do get one the information will be accurate and credible.