RE:RE:Jeff is live.
Deserves a bump up as someone is posting complete nonsense tonight and is clearly a misguided individual.
KingKong wrote:A series of deals with multiple canadian LP's will be very exciting, on time, which must mean 30 to 45 business days, in other words, any day now I guess.
No non cannabis beverages can be produced in the LBF.
The Beckett's line will be done via co-packing which is already lined up.
Nevada discussions have been conducted with licensed facilities who have space for Tinley.
Every infused product in California will be in Canada, 8 in total, 4 multi serve, 4 single serve.
Some inquires from caffe owners for non infused versions of Tinley's products in Canada, also across multiple other states, and some of the retailers are larger than BevMo!
CBD drinks can be in cans without any worry, unlike THC.
Roughly 57% of revenue in socal cannabis rec market is Home Delivery.
Here's a bunch of other highlights listed by a FB Group member.
- Celebrity Endorsement(s) on the way
- Expecting co-packing opportunities for celebrity-branded products
- 2020 profitability is possible, but he did not seem convinced. Depends on sales growth
- Long Beach very close to be licensed (hopefully)
- Focus has been on co-packing, canada and revenue growth. For Nevada, early talks were held, but not a big focus for now.
- Canada will be announced very very shortly. Expect it to be a meaningful opportunity but not the biggest by any means.
- Nevada will be bigger than Canada.
- Diversification of the company’s offerings is the biggest story here. As long as one of the opportunities catches on, the company wins.
- Coconut Rum biggest multi serve
- Moscow Mule biggest single serve
- Multi serve outselling single serve
- Thinks co-packing will be the biggest
- California will always be the biggest market for tinley
- Co-packing deals are on the way (local entrepreneurs to big beverage companies). Gating factor is if they’re willing to use the palm springs or they want to wait for long beach.
- No exclusivity in fridges. They offer the fridges to dispensaries but let others be in their fridge. Better for the fridges to look full.
- Co packing : pay to produce + royalties + distribution rights. If the brand is large enough, distribution rights will not needed (they have their own distribution)
- Infused products demand has gone up significantly since the vaping scandal. Still a small category, but they are betting it will grow a lot.
- Using the same cannabis strain in a products to create a consistent experience (“the Tinley effect”)
- Had discussions in close to 10 states (New York, Florida, Oklahoma, etc.)
- Did not close the door on future equity raises. Mentioned that they are receiving opportunities for this, but need to be accretive.
- Becketts trademark is open in CA and US in this category
- Not enough demand in the short term to reach full capacity in phase 3 facility (12 million bottles)
- Have prioritized bev-mo shipments before co-packing in the short term
- Majority of co-packing clients want to use Long Beach facility
- Urgency by large retailers to bolster their offering for the holidays
- Rick confident to sell the remainder of the bev mo run (producing far more than needed for bev mo deal)
- Considering Becketts to be great visibility for the Tinley brand, gateway to THC version
- “Becketts” and “Tinley” chosen for their English sounding names, conveys craftsmanship. More to come on this when marketing kicks off
- Hopes the move to Nevada will be in Q1, but no guarantees
- Believes Canada announcement is coming on time (i.e. this week)
- Canada: series of deals, piecing various functions required to sell beverages
- Would like to stay independent as they grow in different locations. However, beverage industry is known for acquisitions. Usually starts with smaller investments (10%) and grows from there. Not against that, depends on the situation.
- No Tinley products in Canada in 2019. Expects late winter 2020.
- Every infused products available in california will be available in Canada as well. 8 products in total.
- Possibilities for Becketts going to Canada. Smaller cafes have inquired. Production will be in US for the time being.
- When they do the cross country for the liquor boards, will try to schedule investors presentation.
- Tries to avoid fluff press releases. He believes it’s one of the reason there is such a strong shareholder base.
- Expects more frequent press releases now that products are in market and the build out of the facilities is close to done.
- No plan for IR person.
- Store Locator is coming soon.
- Will stick to quarterly releases to share margins and revenues.
- Number of dispensaries: Can’t comment on specifics.
- Product is selling well in the vast majority of stores. Some have reordered over 5 times already. Some stores have not been selling well.
- Home delivery is a major revenue opportunity.
- The stores are getting upset because of investors calling, advises to refrain from doing this.
- ETF affiliation. Many funds are interested but cannot invest for multiple reasons.
- Recently received an inquiry for Hemplify from a chain, but do not think they will pursue it. Not a focus at the moment.
- In terms of competition if legalization happen, barriers include having to build new lines, license, etc. However, expects co-packing to be a more attractive option for the competition.
- Very pleased coming out of the gates with their growth. No major bottlenecks at the moment.
- Sees economies of scale opportunities because of Becketts line (same ingredients as Tinley)
- Needs approval from 3 different licensing bodies for the facility
- Thinks it’s too early for a buyout