still a small sharefloat considering a private fundraiserWhat did you expect? Tinley is building a company! It takes money to make money! This recent shareprice bashdown is hard to understand considering what is happening.
2.3 million dollars in the coffers for some extra sharefloat. Armchair analysts really need to see what we got for those fundraisers. Jeff has done a ton, we've got a company that is pretty much debt-free and we have two different lines of skus, both in upcoming markets that have a lot of hoops to go through to get our products on shelves. The good news is that the latest financing was easily filled privately which suggests that some smart investors are seeing what a lot of posters aren't.
Bevergages are high margin skus that can generate huge profits for winning recipes or inspire take-over interest from competition. It takes time to get the accounting and figure how profitable we are, like at least a couple of quarters.
I read that we have co-bottled for one customer 3 times and management has sounded off on Pabst and I hear rumblings of MSOs showing interest, all of which tells me that we are barking up the right tree. It sounds like we are bottling some leading products for some biggies and that should come down to us in revenue and cash flow for California.
There have been delays, detours and we've had some problems with some of our choices for subcontractors for bottling and distribution that required change. Hopefully we can get some smooth sailing for awhile.
Some talk about the TSE growing up and recognizing that marijuana and hemp are legal in Canada as are TSE listings. CSE isn't bothered by influence from the NYSE and most of their MSOs are listed on the CSE and they trade plenty to US citizens who don't want to lose first strike advantage.
Interestingly, Tinley isn't drawing too many US investors yet although there are huge volumes of US investors piling in to Canadian licensed producers in anticipation of there politiicians doing the work necessary to launch their own greenrush.
Tinley is on sale at a discount imho but not for weak hands. They hit $2 in their journey and are worth more than they are getting credit for but that is jmho. glta and dyodd