Tinley Beverage Company Inc C.TNY

Alternate Symbol(s): TNYBF

The Tinley Beverage Company Inc., together with its subsidiaries, manufactures a line of non-alcoholic, cannabis-infused beverages for use in California, United States and in Ontario, Canada. The Company also manufactures cannabis-infused beverages for contract manufacturing clients. It offers terpene and cannabis-infused non-alcoholic Tinley's '27 and Tinley's Tonics products, for distribution to licensed dispensaries and home delivery channels in California. The Beckett's Classics and Beckett's '27 lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers in the United States as well as in select grocery and specialty stores in Canada. Its subsidiaries include Hemplify Inc., Algonquin Springs Beverage Management LLC, Beckett’s Tonics California Inc., Beckett's Tonics Canada Inc., Tinley's Canada Inc., and Lakewood Libations Inc.

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Tinley Beverage Company Inc > There's a lot of

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Comment by cosinus180on Apr 05, 2022 9:59pm

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Post# 34578956

RE:RE:There's a lot of

I guess George is a basher!!!

sneakysneaky wrote: My goodness geo, the transfer of Lakewood has been explained by management and myself at least 100 times.

Tinley's not waiting for enough revenue to "buy" Rick G out of the licenses Tinley's purchased for a nominal fee. Tinley's waiting for regulators to approve the transaction, possibly by this Friday or next Friday. My own estimate based on gov document searches on my behalf.

Ted, Doug, and Tinley's CFO are on the board of Lakewood, which is a subsidiary of Tinley's purchased for a nominal fee subject to regulatory approval.
Nominal fee meaning small, micro dose, very low amount of $$$$!

This gov documentation shows the difference , here Richard was the CEO, CFO, etc, Lakewood documentation "before" TED, DOUG, AND Tinley's CFO were added as board members. Click Here

Here is the current gov documentation, Tinley's board members now on Lakewood, transfer in final stages, CLICK HERE!

The Company has executed agreements to purchase all of the equity interest of Lakewood (“Acquisition Transaction”) from Richard Gillis for a nominal fee, with the closing of such transaction to occur upon the receipt of all necessary regulatory approvals, including approval for the change in control resulting from the Acquisition Transaction and Lakewood’s receipt of its distribution licence

As a condition to the closing of the Acquisition Transaction, Richard Gillis has agreed to certain operational covenants that include, but are not limited to, the requirement that it reinvest proceeds from operations not issue dividends or otherwise disburse profits. Pursuant to the terms of the definitive agreement relating to the Acquisition Agreement, the Company has agreed to provide Lakewood with the use of the Company’s Long Beach Facility, certain intellectual property production assets, equipment and other resources necessary for Lakewood’s operations (collectively, the “Tinley Resources”).

geodcan wrote: clarification, direction and explanations for Tinley's.

Transfer of license was mentioned and explained. Probably waiting for enough revenue to buy Rick out of his licenses subject to approval of watchdogs.

glta and dyodd