geodcan wrote: SteveIncoherent wrote: Geo, can you elaborate on how Tinley lost any advantage to Pabst? Pabst isn't even licensed yet!
Pabst still uses Tinley to bottle their root beer.
Safe Banking will help Tinley like every other cannabis company in America, payments for co-packers will have faster cycles due to not operating in all cash. Access to loans and other financial services for Tinley will open up. Safe Banking will allow mainstream Bev brands to enter the sector, surely Tinley has some Monstrous co-packing clients in NDAs.
Tinley's recent financials displayed approximately 50% positive gross margins on cost of goods sold.
Tinley's recent earnings were the best quarter yet, at the current growth rate the company "could" be profitable or cash flow positive next year.
geodcan wrote: already got a post pulled over at WEED for being off-topic but I think it was just somebody that doesn't like my reference to politicians.
I think there's only about a half dozen people here that care enought to post anymore and I doubt that their sentiments are any worse than mine.
I take this lack of securities action seriously and worry about public ipos becoming a thing of the past because of all the stuff that happens that is just morally wrong.
For a lot of small companies this is an integral part of their efforts to finance their operations to build a company to value and it is getting fleeced of that value because some of these actors are picking it apart or they are management that are intentionally trying to reap the spoils.
Potpreneuers are going to get caught in a bloodbath because of the iflux of players at all levels but the biggies that can keep raising and spending and picking up popular brands will still be standing in the winners circles.
Tinley lost their advantage in California because of the delays that has allowed others like Pabst Labs to emulate our forward movement better than we did. Some of the excuses weren't even beleivable as were some of the choices of partners to forward our progress and yet, we are still standing.
It seems that others are advancing and we are too except for the bottomline which we are led to believe is imminent and commonsense suggests that there has to be revenue coming in judging from all of the action on social media.
I don't know how long we can keep hiding it or facing the fact that it isn't as lucrative as we are led to believe.
This is going to have to earn on its own as I don't think we will be privy to the deadcat bounce for SAFE or some other legalization bill.
Of all the formulators and bottlers I only see CNTR looking good with most of the others on the ropes.
All of this talk about opening pot lounges is just a stopgap measure to where this is headed which is allowing serving cannabinoid infused beverages in the already established alcohol bars and lounges.
All of those beverage alcohol producers are lined up and ready to jump in to supply the new vice where consumers traditionally go which makes sense to not have to build more infrastructure when we already have lots.\
This is a commonsense adult opinion that shouldn't need to be sold to politicians and the others trying to save us from ourselves.
Pabst Labs denies a connection to Pabst Brewing but as the cannabinoid side of the equation they are betting on their sales of thc infused to exceed the capability of Tinley's.
What they built was much larger and over capacity in anticipation of being our ex co-bottler and competitior for co-bottling.
I believe that Tinley's didn't think big enough with our facility and seem to be falling on our face for branching out to other States as was the original plan.
Becketts was an out of the blue surprise that we are told has potential but getting one thing going at a time would suit me better.
Tomorrow a major competitor in waiting is going to be ringing the bell at the Nasdaq and they come with a big brother financier and Constellation Brands management that have a great history of success with an alcohol beverage specialty but an expensive interest in Cannabinoid infused beverages being a part of their stable.
Canopy Growth has announced their intention to do business on US soil as a leading Canadian LP and they don't seem content to wait but more intent to move this along to be a US MSO.
In that respect they are well positioned with deals in several MSOs and US based pot businesses with Acreage Holdings being their major anchor.
If this licensing is going to continue to be an issue they might just wave their money wand and buy Tinley's for rapid setup in California.
They are that successful as a major liquor distributor to build Canopy to number one US MSO.
Right now I would welcome this!