RE:Institutional Analyst: TNY REPORTI want nothing more than this stock to do very well but we've been expecting big news for months. In the absence of any news, people do start to question the company's performance.
Yes we have a very deep team but we are not able to close the deals.
We continually miss guidance and timelines by months and are never updated on progress. Due to this, I have been questioning my involvement with Tinley and being a very speculative stock I'll lay out my opinions why. Take it for what's it worth.
We have been trying to achieve a Canadian LP deal for going on a year now and while we're told everyone is knocking on our door, we have not signed anybody up to produce our products in Canada. We have a distribution deal and no product. Canada is ripe for the picking yet we can't sign the line.
We have a facility that we can't get licensed due to the ever changing electrical issues. We have a license to produce but nothing more. Wasn't even announced to the market. We have a beautiful facility that is only costing us likely $20 grand a month. The guidance said Q4 and now we are 1.5 months later and it's still dealing with electrical issues.
We have no deals signed and delivered for our large retailers, that we know of. We have 1 deal signed with BevMo but were not even sure if they have our product that was supposed to be there ny Christmas. We still don't know if they have product as the date keeps changing for delivery.
We hear there are 3 other chains for our Beckett's but then we don't know if they are just trial periods (that was supposed to happen a couple months ago). We get a message from a director that we've launched but it's quickly pulled and no follow up from the company. Is this a trial or are they taking product. Who knows?
We bring in celebs like Barron Davis and don't hear a word for over a month and see no promo from him.
I noticed today that our store locator is down to 50 stores from 60. So instead of increasing our storefronts, were dropping them. Why? We have a amazing product that wins awards but we lose places to sell.
We have zero co-packing deals signed yet that is supposed to one of our biggest revenue streams. I know everyone keeps saying it is contingent on the license facility but how do we know that? It's speculation on our part.
Our CEO has dropped Tinley off his LinkedIn page and now states only Beckett's. Is our Tinley line becoming another Hemplify?
We won't hear any numbers for 2.5 months on dispensaries or sales numbers.
News has dropped off the face of the planet and any news we do get continue to be cryptic messages that only add to more speculation and gve no hard facts to chew on. This not only makes longs question their motives but I'm sure it keeps new investors from getting involved.
So all in all. we have a non-infused beverage that seems to be gaining traction but we're not 100% if there are deals in place except for BevMo. Are we becoming a company that will sell to the sober curious market only. That was not the company or idea I invested in.
I'll say this 1 more time, I want nothing more than to see this do very well. I've accumulated almost 200,000 shares thinking this was the one however our lack of ability at signing deals and getting things finalized is worrisome and the silence of management does not help. We saw what happened with Hemplify and the big stores we were in and achieved nothing from that.
So attack all you want but looking at this with a critical eye does not make one want to jump in with both feet. The fact that some are telling people to accumulate non stop on a speculative company is wrong, IMO
Greede wrote: This came out in late 2019 but is well worth a read as I'm sure many investors both here and on FB may have missed it or forgotten about it.
There is an astounding amount of unfounded speculation about why TNY is quiet, which I find remarkable. We know the quality of management we are dealing with here so for that group of indviduals to just arbitrarily implode in every way in a mound of incompetence shows just how short many "pungey" investors have short memories, even ones that have BEEN to Cali to visit.
Folks, just to remind you, we're not just some idea, we're a hard asset, brick and mortar company that not only has award winning drinks, is gaining celeb traction, we stand to make money whether we sell our own stuff or not via co-packing. More interestingly, the Becketts line could absolutely enhance not just our visibility but our revenue across all 50 states. Why? The drinks friggin' taste good and not everyone likes booze these days given the next day pains. We're an aging demographic and folks are DONE with hangovers. So still want the euphoric feeling so we deilver cannabis-free and cannabis-infused and they are apparently, amazing.
I truly suspect we are near significant news any day now, so every chance we get to add in this insanely low range, one mustn't quibble over half-pennies. Last time I saw that happen to a fella, he missed getting in at 0.145 cents because he wanted that half cent cheaper.
https://marijuanastockreview.com/updating-coverage-on-tinley-tny-tnybf-beverage/ Enjoy and as our resident optimist writes, HOTBB!
Also, we do NOT need prohibition to end for this stock to soar but wow, would tha tever jack prices up.