TORONTO, ONTARIO--(Marketwired - Feb. 16, 2016) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.
The Tinley Beverage Company Inc. (CSE:TNY) ("Company" or "Tinley") is pleased to announce that its contract manufacturer in California has begun production of the Company's flagship "Hemplify" products.
The initial batch of products will be used for sampling and in-store sales. The Company has a sales group in place to resell the products throughout California, and it expects to consummate partnerships with additional channels in the coming weeks.
"Commencing production is an exciting milestone for the company. It represents the culmination of eight months of product development and sales channel development. Feedback on our product from retailers, wholesalers and consumers has been positive, and demand remains strong for drinkable hemp products in head shops, smoke shops, dispensaries and, increasingly, in health and grocery stores nationwide," said Jeff Maser, President and CEO of Tinley.
The "Hemplify" brand was created in partnership with Hunter Straker, a leading US and Canadian branding and retail product services agency. The initial "Hemplify" product is a 10oz., single-serving, drinkable supplement that contains hemp extract, vitamins A through E, Omega 3 and up to 9x the electrolyte potassium of many sports drinks. The initial flavors will be pineapple mango and apple cider. Each flavor is vegan, gluten-free and non-GMO. The method of infusing the hemp extract into this water-based drinkable supplement is a patented micellization technology that ensures shelf stability and enhanced absorption of the nutrients into the bloodstream. Additional information on the product and its formulation technology can be found at www.drinkhemplify.com.
Hemp extract, also known as "hemp oil", is made from the stalk of industrial hemp and contains a unique spectrum of naturally-occurring hemp phytoconstituents, terpenes and nutrients. It differs from hemp seed, heart and nut products, which are made from the plant's seeds. The Company has completed its FDA review and will post detailed ingredients and testing information on its web site once the initial production batch is complete.
Board of Directors
The Company announces the resignation of Paul Lin from the Board of Directors. The Company thanks Mr. Lin for his service and wishes him well in his future endeavors.
About The Tinley Beverage Company
The Tinley Beverage Company is a functional beverage company focused on hemp-infused beverages and supplements. The company has a patent-produced liquid supplement containing certifiable phytoconstituent-rich hemp oil. The company is producing its products in Los Angeles and is focusing distribution on key markets throughout the West Coast.
Forward-Looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.