Post by
BurlapSack on Aug 22, 2021 7:30pm
Fraud Red Flag
Thought for the day. From my experience, when a company refuses to disclose the number/units/grams produced and doesn't clearly present where income is generated, its because there is some form of shenanigans taking place. CannTrust is a good example of this. No one could figure out how they were getting such amazing yields until it came to light that a good portion of their harvest was illegal. Tinley doesn't disclose the number of Tinley drinks shipped to dispensaries. They don't disclose the number of bottles produced in copacking. And they don't disclose the number of Becketts units produced. If anyone is as interested in Tinley as I am, this is the first place to go look. I'm not saying that they're definitely engaged in this particular kind of scheme, but as anyone looking to poke holes in Tinleys narrative, this is the first place to attack from... among the many others that we all know about. Now, because they don't tell us how much they produced, I can't determine how much was sold and how much went uncollected. The only other reason for this is to hide unflattering info from investors. Remember the 25 pallets they said they had shipped in Jan, and all the Tinleys they allegedly had ready for sale when the bottling line was commissioned. Those "sales" haven't been accounted for yet. This next earnings will be the most important in the company's history. They better not Jeff this up!
Comment by
BurlapSack on Aug 22, 2021 7:37pm
https://www.globenewswire.com/en/news-release/2021/01/14/2158610/0/en/Tinley-s-Partners-with-MARS-Distribution-and-HQ-to-Enhance-its-Cannabis-Beverage-Supply-Chain-Solutions-for-Clients-in-California.html ... Further, Mars HQ has taken delivery of 25 pallets of Tinleys products, including the Companys next-generation, ready-to-drink Tinleys Tonics carbonated products.
Comment by
BurlapSack on Aug 22, 2021 7:54pm
If they finally start to show Tinley sales, then all good. If not, then I'm calling BULLSH!T because there is literally no way possible that no sales were collected.
Comment by
BurlapSack on Aug 22, 2021 9:38pm
They have openly and repeatedly told investors that sales of Tinley THC were happening... but those sales have never made it as far as their financial statements. The first sales of Tinley infused started 2 years ago and have never been on their income statement. The only sales that they have ever shown were Becketts. 2 years of "not recognized until collected" BS.