Tinley Beverage Company Inc C.TNY

It was better times for sure

[geodcan]

but there were a few US companies that achieved and held on to profitability.  

Tinley was one of the first with an idea of building out a cannabinoid beverage business in California which was a perfectly reasonable idea.

It just became comical with all of the failed tangents, partnerships, representatives, co-bottlers, distributors, the transformer and whatever other excuse, plus changing to thc after building up Hemplify reportedly to some degree of success and abandoning it.

Lately, it seems that we are abandoning our newly built "state of the art" facility and writing off the financial investment to move from a rental facility to Blaze's facility, setting up Blaze to assume a good portion of what we were told that co-bottling was more profitable than hawking our own award winning products.

I'm also dissapointed that we jumped on the Blaze deal without other alternatives announced.

It seemed like we were afraid of our own success or to go it alone and all of those bad decisions and mistakes, as well as the general downtrend for all potpreneurs has put us where we are as far as shareprice and new investor interest.

Of course we have LPs and MSOs coming into their own with intentions to be serious competition for our offerings.

Given how hard it was to secure licensing and approval, I was hoping Tinley's plus their award winning recipes and IP would attract Canopy or Tilray or others to what I believe is going to be the sku that garners the bulk of the revenue from cannabinoids which is beverage skus.

Despite the time it took to get Tinley's up and running, I believe that we squandered a whole lot of potential that I see being converted from commonshareholders to preferred and the lien and loan holders.

Cannabinoid beverages will get full launch when the politicians level the playing field with beverage alcohol such that thc and cbd beverages can be served and sold alongside and through the already established bar and lounge venues.

Big alcohol is trying to protect themselves from anticipated losses of marketshare to this new vice of cannabinoid beverages, either by hanging on as long as they can with their alcohol skus but most are moving towards the concept that cannabinoid skus are going to take a bite out of their alcohol marketshare.

glta and dyodd

[cosinus180]

Oh but we have multiple offers said repeadedly one particular poster that now has a new handle!

[TittiesNTacos]

"Had" multiple offers, not "have." It's entirely possible a company swoops in and shakes everything up. I wouldn't hold my breath. Offers change like the weather, even Blaze deal can be re-negotiated due to "unforeseen market conditions." Instead of buying 50.1% at .105c, maybe they buy everything for .105c.    

[cosinus180]

Nice handle! Pretty sneaky!