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 > Tinley's Acquires 100% of Lakewood Libations, Inc.

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Comment by cosinus180on May 02, 2022 12:00pm

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Post# 34647797

RE:RE:RE:Tinley's Acquires 100% of Lakewood Libations, Inc.

What's to hate, up almost 10%!!

goldboyz2 wrote: News for the haters.

GB

Digby8 wrote:
"...the Acquisition Transaction was concluded on April 29, 2022, and Lakewood became a wholly owned subsidiary of the Company on that date. The Company expects operation of the two licences and the Long Beach facility to continue as usual and without interruption due to the completion of the Lakewood Acquisition.

... For clarity, all operating licences for The Long Beach Facility will remain in Lakewood's name, and the Company now owns 100% of Lakewood irrespective of the timeframe for the State to change the name of the owners on the licences. The Company intends to register "Tinley's Beverages" as a "dba" designation for Lakewood in May 2022."