A test of the mettal of the men involved!Time will tell how this plays out!
We are on the verge of finding out if the good ship Tinley has been scuttled or succumbed to natural events. We will find out if we are dealing with honourable people!
The shareprice is indicating that this hasn't gone well, at least, in the eyes of the shareholders. Frustration has run very high over missed timelines and explanations that could be groundless excuses.
We know that there is over-regulation at every turn for potpreneurs everywhere they are trying to operate.
Our team picked California, even as a Canadian born company. I like to think this was a good move because of the size and concentration of the market. Not so much for the watchdogs and legislators.
One thing that has become apparent to me is that we were ahead of the curve on several fronts.
CBD beverages, we had them, five years ago and backburnered them. My gut tells me they can be resurrected because thc and cbd are very similar molecules.
We switched up to THC beverages quickly, long before anybody paved the way for these and then the lawmakers stepped in and we needed inspections and licenses at every step of the way, by everybody that handled the products from grow to dispensarie and everything inbetween.
We might have screwed ourselves for the fact that the social thc infused skus had nowhere to sell from like bars and lounges. Instead we were limited to dispensaries that half the people wouldn't darken the doorway and of course advertising and promotion weren't sorted out yet.
Tinley took the time to formulate and tweak the products we put on shelves and also came up with some very nice packaging that is appealing and catches the eye.
Our team also saw the need for our own bottling facility and we all know the delays we had to confront to get a couple of bottling styles out the door. We also saw the need to jack it up for more bottling styles which is a work in progress.
I'm sure that Jeff did the best he could but constant delays hindered our success. I believe that Jeff had the initiative but came up short on luck or ability. Some think that anybody could have produced quicker than Jeff and that became the banter and Jeff stepped aside.
So here we are, cashed up from a private financing, with Rick and a couple of other chosen ones that are going to try to raise the dead back to life.
As a long time shareholder with Tinley, I've been lucky enough to have black ink on my books but also kicking myself for not liquidating at the $2 range. Tinley has progressed long past the days of $2 and by my calculation are on the verge of black ink as things come together.
It is going to be more difficult to lift this company up but we have name brand people that are very capable and we also have changing circumstances as cannabinoid infused are getting better known to consumers.
As far as investors I guess most are aware of pot companies and I have always said that we have high margin rapid turnover products, not to mention a couple of awards for our skus. We also have a long line of competition queing up to go toe to toe with us, or just buy us out if we garner significant marketshare or the fact that we are licensed up and have production, which is in short supply in California, largest concentrated market, same size as all of Canada.
Something Jeff said to me way back in the beginning could still come true!
glta and dyodd