Approx.12 Co-Packing ClientsLOS ANGELES, California and TORONTO, Ontario, Canada – December 9, 2020 – The Tinley Beverage Company (CSE:TNY, OTC:TNYBF) (“Tinley’s” or “Company”) is pleased to announce that it has accepted additional inbound institutional financing interest of $1 million, thereby completing a $2 million financing.
The proceeds will be used to augment the existing batching and other equipment at the Company’s 20,000 square foot cannabis beverage co-packing facility in Long Beach, California to enable additional product formats including aluminum cans and minis. The Company is working to finalize formulation and production solutions for approximately 12 co-packing clients. The funds will also be used to accelerate marketing and overall expansion of the Company’s Tinley’s and Beckett’s-branded products in the USA and Canada, as well as for general corporate working capital purposes.
Read More: https://webfiles.thecse.com/sedar_filings/00022159/2012090422096464.pdf