fund raiser which Rick stepped up forThe net proceeds from the Private Placement will be used for working capital, capital expenditures, marketing, establishing new business lines and exploring potential mergers and acquisitions. T
Copied text from nr. Obviousley needed some more cash to get Tinley to the stage of being able to satisfy all of the co-bottling deals we have inked.
It helped firm up our sp a little but I expect the marketmaker to keep doing what he does.
Our potential co-bottlers think we can provide this service and revenue should happen pretty quick when we are fully functional. Rapid cash and little downside compared to producing our own recipes.
We are told that we are now run by a team of the Presidents men which I am happy about because more heads are better than one, especially if the one has tunnel vision. I just hope that Jeff and team are keeping their ear to the ground for shareholders and more importantly, consumers who are explaining what we want from our own skus. THC beverage drinkers seem to migrate towards the 100 mg packages which I believe we have in the liquor style offering and I'm hearing rumblings that our rtds might be a little light, especially in Canada. 100mgs of thc in a shot is targetting hardcore imbibers and might scare off newcomers for life if they slam that much without any experience.
I really want to see Tinley get the respect that I think it is due but the stocks steady decline has scared a lot of newcomers away after listening to the late comers who are heavily underwater.
There's been mistakes made as well as changes, but mostly missed dates which I hope we are finally going to deliver on, soon!
Tinley made it to the $2 range when we were just launching Hemplify and this is so much more now than back in those days. We also have a lot of competition queing up to compete directly with our sku lines which we seem to be losing interest in as we morph into a co-bottler. In the Hemplify days we had to go to a co-bottler and now we have our own State of the Art Italian sports car of a cannabinoid bottlng facility in the largest legal pro-pot market in the world if we have achieved permission backed by licenses.
The proof will be our products and our co-bottlers products on shelves for consumers to cast their votes on the best skus.
glta and dyodd