RE:RE:TinleyNegligable revenue reported, bills keep rolling in, co-bottling is unclear, packing up our facility and moving it into Blaze's operation right after we got it running finally and sub contracting our co-bottling to Blaze's team, it is just a matter of time before any co-bottlers we have just cut out Tinley and go with Blaze.
I hope our recipes and IP are worth something to somebody because that is what we are going to be left with and I stand behind my opinion of perpetually re-introducing our sku lines which suggests faith in our formulating efforts but some serious decision issues by our team who find the need to change co-bottlers all of the time.
I don't know where we are at with our skus that seemed to be short on quality or strength of product compared to competitive product lines.
Getting our formulations to the watchdogs seems to be a never-ending issue which might explain a part of why we aren't making it to shelves in a businesslike manner, at least in Canada.
I noticed that our competitor XBRA has a beverage sku on shelves in Ontario and they are the ones that generated a 260% uptick on news that the Mexican government has legitimized them which is a first for bonafide legal pot producer in Mexico.
They have had their Vicious Citrus beverage sku on shelves since 2022 and also have a cbn entry.
Not that Canada is considered the best place to be doing business but that Mexican licensing development suggests that the wind is changing direction and Mexico has made a positive move towards legitimizing their pot business.
Could be a segway to dealing with the cartel drug biz which has a lot more momentum in the US than people want to think.
I always thought that value added cannabinoids and pharma designations wouldn't be of interest to the black market but in Canada, before legalization there were some great skus on shelves that fit the value added category and who is in a better position to finance legitimate pot businesses than that black market cash.
I feel that Tinley defaulting with Blaze loan would accelerate the collection process and I don't know how secure Tinley is or if we are building up operating cash from our efforts but cutting a 50.1% takeover deal suggests that Tinley isn't coming in strong.
My problem with takeover deals is where it leaves the first run of commonshareholders. Probably with a fistfull of sharecerticates that might be suitable for toilet paper.
And if they aren't publicly traded companies, shareholders will get even less news than we are getting now.
Not telling suggests nothing good to tell or comes off as lying or hiding something.
glta and dyodd