Announcement • 18h
Beckett's Inc. announced that it has received CAD 0.6786 million in funding On May 11, 2026, Beckett's Inc. has closed the transaction. Announcement • May 02
Beckett's Inc. announced that it expects to receive CAD 0.6786 million in funding Beckett's Inc. announced a non-brokered private placement of secured convertible debentures in the principal amount of CAD 678,600 for gross proceeds of CAD 678,600 on May 1, 2026. The principal amount of the debentures will bear interest at a rate of 8% per annum and will have a term of five years. Subject to regulatory approval, interest in the principal amount outstanding shall be paid annually in common shares at a deemed issue price equal to the lowest price permissible by the rules and policies of the CSE. At the option of the holder, the principal amount of the debentures may be converted into common shares at a conversion price of CAD 0.025 per common share, subject to customary adjustments. The financing may be completed in one or more tranches. The company reserves the right to issue additional debentures of up to CAD 1,357,200 in principal. It is expected that CAD 40,716 of debentures will be purchased by insiders. All securities issued in connection with this offering, including the common shares issuable upon conversion of the debentures, will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The company intends to close the financing on or about May 7, 2026. Completion of the financing remains subject to the approval of the Canadian Securities Exchange. Reported Earnings • May 02
Full year 2025 earnings released: CA$0.004 loss per share (vs CA$0.014 loss in FY 2024) Full year 2025 results: CA$0.004 loss per share (improved from CA$0.014 loss in FY 2024). Revenue: CA$1.24m (up 1.2% from FY 2024). Net loss: CA$1.30m (loss narrowed 66% from FY 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Beckett's Inc. Announces Board Changes, Effective January 27, 2026 Beckett's Inc. announced that effective January 27, 2026, Mr. Tony Yanow has resigned from his role as Director on the Company's Board of Directors, due to time constraints. The company confirmed that he will now serve as a member of Board of Advisors. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0.005 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (improved from CA$0.005 loss in 3Q 2024). Revenue: CA$333.0k (down 14% from 3Q 2024). Net loss: CA$164.4k (loss narrowed 89% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.005 loss in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (improved from CA$0.005 loss in 2Q 2024). Revenue: CA$192.4k (up 20% from 2Q 2024). Net loss: CA$408.1k (loss narrowed 61% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • May 29
First quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.004 loss in 1Q 2024) First quarter 2025 results: CA$0.001 loss per share (improved from CA$0.004 loss in 1Q 2024). Revenue: CA$519.2k (up 118% from 1Q 2024). Net loss: CA$308.9k (loss narrowed 64% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Nov 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (143% increase in shares outstanding). Revenue is less than US$1m (CA$1.2m revenue, or US$864k). Market cap is less than US$10m (CA$9.38m market cap, or US$6.68m). Reported Earnings • Nov 27
Third quarter 2024 earnings released: CA$0.006 loss per share (vs CA$0.013 loss in 3Q 2023) Third quarter 2024 results: CA$0.006 loss per share (improved from CA$0.013 loss in 3Q 2023). Revenue: CA$386.9k (down 38% from 3Q 2023). Net loss: CA$1.71m (loss narrowed 14% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Sep 24
The Tinley Beverage Company Inc., Annual General Meeting, Dec 06, 2024 The Tinley Beverage Company Inc., Annual General Meeting, Dec 06, 2024. Announcement • Sep 03
The Tinley Beverage Company Inc. announced that it has received CAD 1.79959 million in funding On September 3, 2024, The Tinley Beverage Company Inc. closed the transaction. Reported Earnings • Aug 30
Second quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.012 loss in 2Q 2023) Second quarter 2024 results: CA$0.005 loss per share (improved from CA$0.012 loss in 2Q 2023). Revenue: CA$159.8k (down 80% from 2Q 2023). Net loss: CA$1.05m (loss narrowed 43% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2023) First quarter 2024 results: CA$0.004 loss per share (further deteriorated from CA$0.002 loss in 1Q 2023). Revenue: CA$238.4k (down 57% from 1Q 2023). Net loss: CA$857.3k (loss widened 191% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • May 18
The Tinley Beverage Company Inc. Announces CEO Changes The Tinley Beverage Company Inc. announced that Theodore Zittell, has stepped down as Chief Executive Officer, and the Company has appointed Mr. Larry Weintraub of Los Angeles, CA, as Tinley's new CEO. Mr. Zittell, who has been an integral part of Tinley's since 2016, will continue as a director on Tinley's board and serve as Chairman. Mr. Weintraub is an accomplished marketing executive and entrepreneur. In 1999, Mr. Weintraub co-founded Fanscape, the first social media marketing agency, which he ran as CEO until its sale to advertising giant, Omnicom in 2014. Following the sale, Mr. Weintraub assumed the role of Chief Innovation Officer within Omnicom's creative agency, TMA (The Marketing Arm) where he worked with many of the world's largest brands including Samsung, Frito Lay, Uber, State Farm, US Army, and P&G. Mr. Weintraub remained with Omnicom until 2023 when he formed his own CEO consultancy, Great Gig Strategy. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.033 loss per share (vs CA$0.041 loss in FY 2022) Full year 2023 results: CA$0.033 loss per share (improved from CA$0.041 loss in FY 2022). Revenue: CA$2.39m (up 61% from FY 2022). Net loss: CA$4.99m (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. New Risk • Jan 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$1.6m). Earnings have declined by 3.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (CA$9.50m market cap, or US$7.06m). Minor Risk Revenue is less than US$5m (CA$2.6m revenue, or US$2.0m). Reported Earnings • Nov 29
Third quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.014 loss in 3Q 2022) Third quarter 2023 results: CA$0.013 loss per share (improved from CA$0.014 loss in 3Q 2022). Revenue: CA$625.4k (up 49% from 3Q 2022). Net loss: CA$1.99m (loss narrowed 4.7% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Oct 30
the Tinley Beverage Company Inc. Settles Claims Made by Former CEO, Jeffrey Maser The Tinley Beverage Company Inc. (Tinley's) announced that it has settled legal action threatened by the Company's former CEO, Jeffrey Maser. On October 2, 2023, Mr. Maser informed Tinley's that he filed Notice of Action against Tinley's and certain members of the board personally with the Ontario Superior Court of Justice. The Notice of Action contained several allegations, all of which the Company believes to be frivolous, vexatious and entirely without merit. Mr. Maser's Notice of Action included an allegation that Mr. Maser was wrongfully dismissed as CEO of Tinley's, despite Mr. Maser voluntarily resigning from the Company. As part of Mr. Maser's employment terms as CEO of the Company, 3 million common shares of Tinley's (the "Performance Shares") were to vest with Mr. Maser if the Company achieved certain performance milestones by October 29, 2022. The performance milestones were not achieved, and as a result, the Performance Shares were to be cancelled and returned to the Company's treasury. The Company made several requests and demands for the Performance Shares to be returned, but Mr. Maser refused. While the board and management of the Company are unanimously of the view that the claims in Mr. Maser's Notice of Action are without merit, they have also concluded that the Company's limited financial and human resources are now best directed to the furthering of Tinley's business as opposed to dealing with meritless claims. In exchange for receiving a full and final release from Mr. Maser releasing Tinley's, its officers, directors, employees, and agents of any and all claims by Mr. Maser, Tinley's has agreed to Mr. Maser retaining 1.5 million of the Performance Shares and returning the remaining 1.5 million Performance Shares to the Company. Mr. Maser has returned 1.5 million shares to the Company, which have now been cancelled from the Company's treasury. Announcement • Sep 21
Unlimited, LLC agreed to acquire Lakewood Libations, Inc. from The Tinley Beverage Company Inc. (OTCPK:TNYB.F) Unlimited, LLC agreed to acquire Lakewood Libations, Inc. from The Tinley Beverage Company Inc. (OTCPK:TNYB.F) on September 19, 2023. In consideration for the shares of Lakewood, Unlimited granted Tinley’s a lease extension on the Long Beach bottling facility to August 31, 2023 at a significantly reduced rent. The sale of Lakewood will be completed upon the satisfaction of certain conditions. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Curt Marvis was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
Full year 2022 earnings released: CA$0.041 loss per share (vs CA$0.063 loss in FY 2021) Full year 2022 results: CA$0.041 loss per share (improved from CA$0.063 loss in FY 2021). Revenue: CA$1.48m (up 85% from FY 2021). Net loss: CA$6.17m (loss narrowed 28% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2022 earnings released: CA$0.014 loss per share (vs CA$0.016 loss in 3Q 2021) Third quarter 2022 results: CA$0.014 loss per share (improved from CA$0.016 loss in 3Q 2021). Revenue: CA$419.0k (up 111% from 3Q 2021). Net loss: CA$2.09m (loss narrowed 1.7% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Curt Marvis was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
The Tinley Beverage Company Inc. Elects Board of Directors The Tinley Beverage Company Inc. announced that at its AGM held on October 27, 2022, the shareholders elected three new directors of the company, including Paul Burgis, Anthony (Tony) Yanow and Kirsten Chapman. Paul Burgis: Mr. Burgis spent the first eight years of his career at Anheuser-Busch, where he earned operational expertise while rising through the ranks and eventually serving as Plant Controller. While earning his MBA at UCLA's Anderson School of Business, Paul met the founders of a Los Angeles' craft brewery start-up, Golden Road. In 2012, Paul joined Golden Road Brewing as General Manager and later COO/CFO. Paul facilitated the sale of Golden Road to Anheuser-Busch in 2015, and maintained triple digit growth post acquisition. Paul continues to serve on the Craft Advisory Board for The Brewers Collective, the craft business unit of Anheuser-Busch. In 2017, Paul co-founded Blaze Life Holdings - recognizing the opportunity to develop a sophisticated, vertically integrated cannabis business that operationally parallels the craft brewing and brew pub scene - but in a new and rapidly growing industry. The BLH group comprises ILLA Canna (cultivation facility and retail locations), SuLo Distro (full-service cannabis distributor with beverage capabilities), and Delta Bev (cannabis manufacturing). Anthony (Tony) Yanow: Mr. Yanow pioneered the advent Los Angeles craft beer and hospitality scene back in 2010 when he reopened a 40-year-old dive bar in Burbank, CA - serving only California craft beers on tap and fresh vegan fare. Over the last eleven years, Tony has owned and opened more than 15 restaurants and brewpubs in the Los Angeles Area. In 2011, Tony co-founded Los Angeles' Golden Road Brewing which quickly became Los Angeles' largest Craft Brewery. Golden Road was acquired by Anheuser-Busch in 2015. A Canadian native, Tony has lived in Los Angeles for over 20 years. Kirsten Chapman: Kirsten Chapman is a Toronto based strategy consultant, retail executive and entrepreneur who has been involved with several start-ups including being on the founding Executive team of Indigo - Canada's leading retailer of books and lifestyle products. Indigo is now a $1BN chain with more than 95 stores across the country and at indigo.ca. Kirsten was responsible for the digital growth of the company from 2016 and onward before taking on the role of President and Chief Customer Officer in 2019. Early in her career Ms. Chapman led marketing services at Cott Beverages, launching private label programs for retailers across North America and Europe, including the successful launch of Virgin Cola for Branson's team in the UK. Kirsten is a mentor and investor for women led start-ups working in the fields of sustainability and wellness. Board Change • Oct 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Curt Marvis was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.015 loss in 2Q 2021) Second quarter 2022 results: CA$0.012 loss per share. Revenue: CA$234.0k (down 35% from 2Q 2021). Net loss: CA$1.81m (flat on 2Q 2021). Announcement • Jun 25
The Tinley Beverage Company Inc., Annual General Meeting, Aug 03, 2022 The Tinley Beverage Company Inc., Annual General Meeting, Aug 03, 2022. Announcement • Jun 11
The Tinley Beverage Company Inc. announced that it expects to receive $3.5 million in funding from Blaze Life Holdings, LLC The Tinley Beverage Company Inc. announced a private placement of 12% secured convertible grid note to new investor, Blaze Life Holdings, LLC, an arm's length party to the company for gross proceeds of up to $3.5 million on June 10, 2022. The note is a grid note that will bear interest at a rate of 12% per annum and has a term of five years from the date of issuance. All indebtedness under the note, including all principal amounts advanced under the note from time to time and accrued and unpaid interest, shall be convertible into units of the company at the option at a price of CAD 0.105 per unit . Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant with each warrant exercisable for a period of two years from the date of issuance of such warrant at an exercise price equal to the conversion price. The company also finalized the terms of its $612,250 advance from Richard Gillis, President and Chief Operating Officer of Tinley's USA, and member of Tinley's Office of the CEO. Yanow is entitled to a receive a $100,000 capital markets advisory fee from the company. Reported Earnings • May 05
Full year 2021 earnings released: CA$0.063 loss per share (vs CA$0.068 loss in FY 2020) Full year 2021 results: CA$0.063 loss per share. Revenue: CA$803.8k (up 164% from FY 2020). Net loss: CA$8.55m (loss widened 11% from FY 2020). Announcement • Mar 01
The Tinley Beverage Company Inc. Commences Canadian Production at Contract Manufacturers The Tinley Beverage Company Inc. reported that the inaugural Canadian production of its Tinleys '27TM Smooth Coconut, the Canadian version of California's Emerald Cup-award winning Tinley'sTM '27 Coconut Cask, is expected to be completed this week at its Ontario licensed contract manufacturer. These products are expected to be delivered to the Ontario Cannabis Store warehouse mid-March 2022 and will be available for Ontario dispensaries in April 2022. Production of Tinleys ClassicsTM Mystic Dove, the Canadian version of its Tinley's TonicsTM La Paloma Mystic Dove, has been delayed by recent border closures impacting the timing of ingredient delivery to the British Columbia licensed contract manufacturer. Production is now scheduled for March 2022. Consequently, the OCS has agreed to defer the launch of this SKU to the second phase of Spring 2022 product releases, making Mystic Dove available to Ontario dispensaries in May 2022. The Company continues to collaborate with its licensed contract manufacturers and sales agents to accommodate various provincial boards' presentation requests and 2022 listing timeframes. Updates on the Alberta Gaming and Liquor Commission ("AGLC") decisions for April 2022 listing are expected late in March 2022. The Company continues to work towards late Spring 2022 listings of Tinley's Canadian products with the British Columbia Liquor Distribution Branch ("BCLDB"). Tinley's will provide ongoing updates to shareholders on the currently scheduled production and release dates, and on progress towards additional distribution across Canada. Announcement • Feb 04
The Tinley Beverage Company Inc.'s Tunnel Pasteurizer at Long Beach Facility Receives Commercial Validation The Tinley Beverage Company Inc. announced that the in-line tunnel pasteurizer at the company's Long Beach Facility has passed validation by a registered process authority, an expert who certifies methods for safe food and beverage manufacturing. The validation process confirmed that the tunnel pasteurizer meets the micro-organism control specifications for temperature and hold time across a representative range of beverage product and container types. The scheduling of production for the current fiscal quarter incorporating the tunnel pasteurizer is underway with current and prospective clients of Lakewood Libations Inc. ("Lakewood") who wish to avoid adding chemical preservatives to their product formulations, a step that the tunnel pasteurizer is designed to eliminate. As previously disclosed, the Company has entered into a purchase agreement to acquire all of the equity interests in Lakewood, the closing of which is subject to certain standard conditions precedent including applicable regulatory approvals. Lakewood can now direct bottles and cans from their respective production lines, in a range of sizes and materials, through the in-line tunnel pasteurizer. The temperature and time specifications for a client's product and container type are set during pre-production planning by the third-party process authority. To ensure standards are met, Lakewood's Quality Assurance steps now include control of each batch of bottles and cans through the tunnel pasteurizer by data loggers tracking and recording temperatures throughout the heating and cooling process. Announcement • Jan 20
The Tinley Beverage Company Inc. announced a financing transaction The Tinley Beverage Company Inc. announced a non-brokered private placement of units at a price of CAD 0.15 on January 19, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.20 for a period of 24 months. The company expects to close additional tranches pursuant to the transaction.
On the same day, existing investor Richard Gillis, president and chief operating officer of the company has purchased 2,080,666 units for proceeds of CAD 312,000 pursuant to first tranche closing. Announcement • Jan 19
The Tinley Beverage Company Inc. Completes the State of California's Testing, Quarantine and Lab Sampling Processes Onsite Under the Distribution License Granted to Lakewood Libations, Inc The Tinley Beverage Company Inc. announced that, for the first time, a batch of product manufactured at Tinley's Long Beach Facility has successfully completed the State of California's testing, quarantine and lab sampling processes onsite under the distribution license granted to Lakewood Libations Inc. While the Distribution License was issued to Lakewood in August 2021, it could not be utilized until Lakewood received its distribution business license from the City of Long Beach, which was issued earlier this month. As previously announced, the Company has entered into a purchase agreement to acquire all of the equity interests in Lakewood, the closing of which is subject to certain standard conditions precedent including applicable regulatory approvals. Receipt of the Distribution License and Business License is expected to expedite the testing and delivery of manufactured products, as brands will now be able to benefit from a new onsite `first-mile' distribution option adjacent to Lakewood's licensed manufacturing space at Tinley's Long Beach Facility. The Business License was issued following months of extensive permitting work and inspections and marked the final step allowing Tinley's Long Beach Facility to activate the state Distribution License. This `first-mile' distribution capability is expected to increase efficiency and speed to market by allowing the transfer of manufactured product from Tinley's Long Beach Facility's manufacturing area to the immediately adjacent licensed distribution space operating under the Distribution License. The first batch of product transferred, tested and cleared for market under the newly activated Distribution License was the Company's own Tinley's '27 Coconut Cask Elixir. VCC Brands' New CQ Shots in Indica and CBD-Relief: First Client Batches to Move to Lakewood Distribution One of Lakewood's first contract manufacturing clients, Cannabis Quencher infused beverages, will be the first client brand to pass "through the wall" from Lakewood's manufacturing licensed area to the adjacent distribution licensed premises for quarantine, lab sampling and state testing. The first batches of freshly re-designed 100 mg THC CQ shots are expected to be produced on the mini bottle line later this month. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.016 loss per share (up from CA$0.022 loss in 3Q 2020). Revenue: CA$198.2k (up 472% from 3Q 2020). Net loss: CA$2.12m (loss narrowed 13% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CA$0.015 loss per share (vs CA$0.01 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$1.80m (loss widened 62% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Jun 12
The Tinley Beverage Company Inc. announced that it has received CAD 2.41625 million in funding The Tinley Beverage Company Inc. (OTCPK:TNYB.F) announced a non-brokered private placement of 7,321,971 units at a price of CAD 0.33 for gross proceeds of CAD 2,416,250 on June 11, 2021. Each unit consists of one common share and one-half common share purchase warrant. Each warrant is exercisable into one common share at a price of CAD 0.42 per share for a period of 24 months from the closing. The company has paid to finders CAD 10,000 in cash and issued 29,750 broker units. Each broker unit option entitles the holder to acquire one unit at an exercise price of CAD 0.40 for a period of 36 months following the closing with each unit consisting of one common share and one-half warrant. All securities are subject hold period of four months and a day from the date of closing of the transaction.. Reported Earnings • Jun 01
First quarter 2021 earnings released: CA$0.022 loss per share (vs CA$0.018 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$2.58m (loss widened 32% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • May 03
Full year 2020 earnings released: CA$0.068 loss per share (vs CA$0.075 loss in FY 2019) Full year 2020 results: Net loss: CA$7.69m (loss widened 4.0% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year. Announcement • Apr 03
The Tinley Beverage Company Inc. announced that it has received CAD 0.85 million in funding The Tinley Beverage Company Inc. (OTCPK:TNYB.F) announced a non-brokered private placement of 2,125,000 units at a price of CAD 0.40 for gross proceeds of CAD 850,000 on April 1, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CAD 0.50 per share for a period of 36 months from the closing. The company has paid to finders CAD 58,892.80 in cash and issued 147,232 broker units. Each broker unit option entitles the holder to acquire one unit at an exercise price of CAD 0.40 for a period of 36 months following the closing with each unit consisting of one common share and one warrant. All securities are subject hold period of four months and a day from the date of closing of the transaction.. Announcement • Mar 04
The Tinley Beverage Company Inc. Announces Management Changes The Tinley Beverage Company Inc. announced that it has appointed David Hackett as Chief Financial Officer, effective March 3, 2021. David Hackett succeeds David Berman, who has accordingly resigned the role and will continue to assist Tinley in a limited capacity on a consulting basis. Mr. Hackett most recently served as Chief Financial Officer and Corporate Secretary of 48 North Cannabis Corp., a publicly traded licensed producer of cannabis in Canada. In this capacity, he oversaw 48 North's growth from its initial buildout to a $30 million revenue run rate, including its RTO and multiple strategic acquisitions. He was instrumental in setting up the company's management information and reporting systems, including planning, accounting and other key processes to support 48 North's staged progression from early development to scaled manufacturing. Tinley selected Mr. Hackett to benefit from his skills and experience at this moment in its own growth, as the Company works to scale its US and Canadian operations, including its licensed cannabis contract packing services in Long Beach, California, and its Beckett's branded supply chain across North America Over his 25-year career, Mr. Hackett has served as Chief Financial Officer and Corporate Secretary for consumer packaged goods, entertainment and technology companies, with several traded on the Toronto, NASDAQ and Australian Stock Exchanges. Mr. Hackett has also held senior financial management positions at EveryWare Development, Alliance Atlantis Communications and Entertainment Information Services Ltd. Executive Departure • Mar 04
Chief Financial Officer has left the company On the 3rd of March, David Berman's tenure as Chief Financial Officer ended after 3.3 years in the role. We don't have any record of a personal shareholding under David's name. David is the only executive to leave the company over the last 12 months. Announcement • Mar 04
Tinley’s Beckett’s “Low No Alcohol” Spirits & Cocktails Now Listed At Alberta’S Liquor Connect, Under Contract with the Alberta Gaming, Liquor and Cannabis Commission The Tinley Beverage Company Inc. announced that its Beckett’s “Low No alcohol” products have received a listing on Alberta’s Connect Logistics platform. Under contract with the Alberta Gaming, Liquor and Cannabis Commission, Connect Logistics is the exclusive distributor of spirits, wine, coolers, imported beer and related products in the province. As Alberta’s sole wholesaler for all beverage alcohol except domestic beer, Connect Logistics services over 2,000 licensed retail stores throughout the province, including major grocery chains, convenience stores, bars, restaurants, clubs and standalone liquor stores. Working with local representatives, the Company has had initial discussions with key accounts and is now positioned to complete deliveries. Albertans can ask their favourite store, restaurant or delivery service to add Beckett’s to their line up by placing wholesale orders via the Liquor Connect system or via their local licensed liquor reseller. Becketts Classics™ and Becketts ‘27™ products offers consumers premium, adult-style alternatives to sugary sodas and tonic waters, which have traditionally been the main non-alcoholic options at restaurants, bars and social functions. Created by national brand spirit formulators, Beckett’s is a family of classic spirits and ready-to-drink cocktails with less than 0.3% ABV, infused with botanical terpenes and the distilled botanicals and natural flavour aromatics of traditional bar favourites. The ready-to-drink Becketts Classics™ are based on Lime Margarita, Paloma, Gin & Tonic and Moscow Mule. The 375 mL multi-serve Becketts ‘27™ products are based on coconut rum, amaretto and cinnamon whisky. Crafted and enjoyed as ‘Low No Alcohol’ drinks, Beckett’s products are frequently used to create reduced-alcohol, lower calorie cocktails by adding small amounts of relevant spirits to any of the products. Favourite “half & half” recipes include adding a quarter or half ounce of tequila to Beckett’s Classics™ Margarita or gin to Becketts Classics™ Gin & Tonic. The “half & half” low-dose Amaretto Sour is made by mixing Becketts ‘27™ Almond Cask with bourbon whiskey and lemon juice. In the United States, the Beckett’s Classics™ products are sold under the Beckett’s Tonics™ brand which, together with the Beckett’s ‘27™ family, are available at select BevMo!, Costco and Ralphs/Kroger stores in California, with local agents now contracted to add placements in Texas, Louisiana, Tennessee and neighboring states. The products are being integrated into the sets and story lines of NBCU’s USA Network’s top-rated reality shows “Chrisley Knows Best” and “Growing Up Chrisley” as well as the Chrisley family’s online properties. Announcement • Feb 04
The Tinley Beverage Company Inc. Produces Cannabis Quencher at Tinley’S Cannabis Beverage Bottling Facility in Long Beach, California The Tinley Beverage Company Inc. announced that Cannabis Quencher, long one of California’s best-selling cannabis beverages, will be produced at Tinley’s cannabis beverage bottling facility in Long Beach, California. Cannabis Quencher’s products have consistently been among the top-selling cannabis beverages in California for the past several years. These acclaimed products will be produced at Tinley’s facility for the first time in a 2 fl oz format. Like their larger 16 fl oz counterparts, the 2 fl oz versions contain 100mg of THC. For safe and easy-to-make microdose mocktails, Cannabis Quencher’s EasyDose Window™ on the side of each bottle allows for a safe, reliable, and customizable pour. CQ is vegan, non-GMO and contains no gluten or artificial sweeteners. Cannabis Quencher’s flavors include: Strawberry Lemonade – The brand’s most popular flavor blends sweet strawberry and tart lemonade for an irresistible pink treat; Old Fashioned Lemonade CQ’s classic infusion of lemons and cannabis, sweetened with cane sugar; Nighttime Berry Lime with CBN – Cannabis Quencher’s first offering that combines CQ’s award winning flavor profiles with Valerian and Lemon Balm. Valerian is traditionally used as a sleep aid. Announcement • Feb 02
The Tinley Beverage Company Inc. Produces Sip Elixirs At Tinley’s Cannabis Beverage Bottling Facility in Long Beach, California The Tinley Beverage Company Inc. announced that SIP Elixirs will be produced at Tinley’s cannabis beverage bottling facility in Long Beach, California.
Each beverage is a high dose, small format elixir that is infused with the highest-quality cannabis distillate and botanically derived terpenes. These terpenes are designed to complement both the flavour of the drink as well as the desired effect. Available in four flavours - Wild Berry, Watermelon, Hurricane and Tiki Orange - each beverage is made using technology to get the strongest, fastest result. SIP is available in over 50 dispensaries throughout Nevada and has developed a passionately loyal consumer base. Is New 90 Day High Low • Jan 20
New 90-day low: CA$0.40 The company is down 2.0% from its price of CA$0.41 on 21 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is up 17% over the same period. Announcement • Jan 15
The Tinley Beverage Company Inc. Partners with MARS Distribution and HQ to Enhance its Cannabis Beverage Supply Chain Solutions for Clients in California The Tinley Beverage Company Inc. announced that it has entered into an agreement with MARS Distro, a subsidiary of Headquarters (Mars HQ), to create comprehensive supply chain solutions for its co-packing clients in California. The combination of Tinley’s cannabis beverage manufacturing facility with Mars HQ’s robust sales and logistics services enables a best-in-class solution for formulation, manufacturing, sales, warehousing, last-mile logistics and other operational challenges commonly faced by cannabis beverage companies in the state. Further, Mars HQ has taken delivery of 25 pallets of Tinley’s™ products, including the Company’s next-generation, ready-to-drink “Tinley’s™ Tonics” carbonated products. A key logistical challenge faced by California’s cannabis beverage makers is the size and weight restrictions placed on cannabis-compliant delivery vehicles – which are typically designed for smaller, smokable products. Mars HQ employs unique, special-purpose vehicles designed for heavy and oversized pallet loads, thereby making them favorably positioned for effective long-haul and last-mile beverage distribution to all major markets in the state. These vehicles are already deployed for several of the state’s leading cannabis brands. Further, Mars HQ will operate out of the beverage-specific distribution space adjacent to Tinley’s Long Beach manufacturing facility when this new distribution area becomes fully licensed, in addition to utilizing Mars HQ’s own statewide network of warehouses. With warehousing, manufacturing, and distribution ‘under one roof’, the significant time and cost of first-mile delivery to an off-site distributor is eliminated. Mars HQ will also operate the Company’s own vans to further increase capacity for last-mile deliveries in the vicinity of the facility, including the densely populated Orange County and Los Angeles markets. Tinley’s art facility was purpose-built in Italy to be capable of manufacturing a wide variety of carbonated and non-carbonated cannabis beverages in a multitude of container and packaging formats. This high-capacity line is compatible with the industry’s leading cannabis-infusion technologies and can accommodate a variety of label solutions and compliant child-resistant closures. As a critical component of the Tinley-Mars HQ supply chain solution, Mars HQ also brings an innovative sales model that deploys a large network of highly accomplished salespeople situated in all major markets throughout California. Sales programs for each brand are designed and driven by Mars HQ’s strategic brand optimization team. This team has a track record of building brands and unlocking the revenue growth for a leading cannabis competition and several leading cannabis companies in the state. As a component of this sales model, Mars HQ believes it is the first distributor to launch a statewide call centre operated by a prominent US pharmaceutical sales company. This call centre leverages best practices in mainstream pharmaceutical service and sales to position licensed cannabis dispensaries for accelerated growth in beverages with new account onboarding, reorders, product knowledge and marketing support. Announcement • Dec 13
The Tinley Beverage Company Appoints Emergent Beverage Partners to Market Becketts Low No Alcohol Products in Texas and Louisiana The Tinley Beverage Company announced an agreement with Emergent Beverage Partners (Emergent) to market the Becketts line of non-alcoholic spirits and cocktails in Texas and Louisiana. Under the agreement, Tinleys has appointed Emergent as its sole sales and marketing agent for Texas and Louisiana, with the prospect of expansion into additional markets. Texas, the second most populous US state, does not permit spirits sales in the Supermarket or Club channels. Therefore these businesses are primed and ready to offer high quality, adult-style, non-alcoholic alternatives to their customers. Reported Earnings • Dec 03
Third quarter 2020 earnings released: CA$0.022 loss per share Third quarter 2020 results: Net loss: CA$2.45m (loss widened 32% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Dec 01
the Tinley Beverage Company Enters into Agreement with Peak Processing Solutions to Produce Tinley's '27 Products in Canada The Tinley Beverage Company announced that it has entered into an agreement with Peak Processing Solutions to produce Tinley's '27 products in Canada. Tinley's '27 is the second family of cannabis-infused products that Tinley's has contracted to launch in Canada, the other being the single-serve ready-to-drink sparkling elixirs now made in California as Tinley's Tonics. Peak's equipment is uniquely configured to produce and pack in the 150 mL bottle format that Tinley's will use for the Tinley's '27 drinks in Canada. The discrete, convenient container size permits easy use and mixing at home or at private functions with friends and colleagues. Under the Agreement, Peak holds exclusivity for the manufacture and distribution of these three Tinley's products in Canada until Tinley's meets certain minimum orders. The source provider of this cannabis emulsion has completed production and testing of the batch that will be used in these products. Non-cannabis ingredients were shipped from Tinley's California facility and certain local suppliers last week. Peak is therefore able to begin testing and other Health Canada-
mandated preparatory work immediately. The products will be substantially the same in Canada as in California, with requisite packaging, labelling and dosing changes. Is New 90 Day High Low • Nov 17
New 90-day high: CA$0.54 The company is up 17% from its price of CA$0.46 on 19 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 6.0% over the same period. Announcement • Sep 04
The Tinley Beverage Company Inc. announced that it has received CAD 2.89 million in funding On August 31, 2020, The Tinley Beverage Company Inc. (OTCPK:TNYB.F) closed the transaction. On the same date, the company has issued 2,080,000 units for gross proceeds of CAD 1,040,000 in its final tranche closing. The company has raised CAD 2,890,000 in the transaction. The company has paid a finder's fees of CAD 77,200 and 154,400 broker units to the brokers. 