Cannabis Beverage – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Wed, 19 Jan 2022 16:50:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 Tinley’s Long Beach Facility to Produce ‘Green Monké’ Sodas on Can Line; Tinley’s Closes First Tranche of Non-Brokered Private Placement https://mjshareholders.com/tinleys-long-beach-facility-to-produce-green-monke-sodas-on-can-line-tinleys-closes-first-tranche-of-non-brokered-private-placement/ Wed, 19 Jan 2022 16:50:50 +0000 https://www.cannabisfn.com/?p=2936647
TORONTO and LOS ANGELES, Jan. 19, 2022 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that international cannabis beverage brand ‘Green Monké’ is scheduled to begin can line production of five planned flavours at Tinley’s Long Beach Facility in Q1 2022, with production of full-batches expected to repeat near-monthly.

‘Green Monké’ Happy Sodas are cannabis-infused sparkling drinks in tropical flavours, formulated with a fast-release microencapsulation emulsion, and only 25 calories per can. ‘Green Monké’ THC-infused beverages are currently available in the State of California, and Green Monké THC-infused beverages launched in Canada in October 2021. ‘Green Monké’ is owned by St. Peter’s Spirits. The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that international cannabis beverage brand ‘Green Monké’ is scheduled to begin can line production of five planned flavours at Tinley’s Long Beach Facility in Q1 2022, with production of full-batches expected to repeat near-monthly.

“We’re thrilled to be moving our California ‘Green Monké’ can production to Tinley’s impressive Long Beach Facility,” said Pat Gleeson, Founder & CEO St. Peter’s Spirits. “We are working with the like-minded professionals of the Tinley’s/Lakewood team towards ramping up production of our existing SKU’s and bringing additional tropical fruit flavours to market.”

“’Green Monké’ Sodas were developed by seasoned drink professionals who understand the art and science of crafting cannabis-infused beverages,” said Ted Zittell, a Tinley’s director, and member, of Tinley’s Office of the CEO. “We share a commitment to quality with the ‘Green Monké’ team, and we both believe that high-quality infused drinks are meant to be delicious and refreshing,” he added. “Our careers in the beverage industry have crossed paths over decades, and it only makes sense that ‘Green Monké’ would work together with us now to manufacture their line-up of great-tasting sparkling sodas at Tinley’s Long Beach facility.”

St. Peter’s Spirits is an independent Canada-based craft drink maker that infuses world-class brands with revolutionary cannabis infusions to elevate drinking occasions with  highly sociable spirits.  St. Peter’s launched ‘Green Monké’ in North America to make it easier for alcohol-free consumers to partake with a super fun and fearless cannabis spirit . ‘ Green Monké’s Tropical Citrus SKU was named the “best-tasting THC drink in California” by the  dailydot.com  in June 2021, and in its 2021 year-end survey, Thrillist included Green Monké Tropical Citrus in its Top 20 Edibles in the U.S. ‘Green Monké’ THC-infused beverages launched in Canada in October 2021, and St. Peter’s Spirits reports that ‘Green Monkey’ CBD is the best-selling cannabis drink brand in the United Kingdom. ‘Green Monké’ Hemp beverages are now available on Amazon and through select retailers across the U.S. For more information, visit stpetersspirits.com and greenmonke.com Contact: Pat Gleeson [email protected] .

First Tranche of Non-Brokered Private Placement

The Company is pleased to announce that Richard Gillis, President and Chief Operating Officer of Tinley’s USA, and member of Tinley’s Office of the CEO, has purchased 2,080,666 units (“Units”) of the Company under the first tranche of a non-brokered private placement (the “Private Placement”) at a price of C$0.15 per Unit for gross proceeds of approximately C$312,000. Each Unit is comprised of one common share in the capital of Tinley’s (“Common Shares”) and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share (a “Warrant Share”) at a price of C$0.20 for a period of 24 months following the date of issuance. This investment brings Mr. Gillis’ aggregate position in the Company to 4,080,666 Common Shares. The net proceeds from the Private Placement will be used for working capital, capital expenditures, marketing, establishing new business lines and exploring potential mergers and acquisitions. The Company intends to complete additional tranches of the Private Placement from time to time in accordance with applicable regulatory requirements; however, there can be no assurance that any additional tranches will be completed.

“I am investing once again in Tinley’s to tap into what I believe is an unrealized opportunity within the cannabis industry”, said Richard Gillis. “The popularity of THC-infused beverages is accelerating, and I believe that Tinley’s, through its Long Beach Facility, with a newly activated distribution licence and growing menu of production methods and packaging capabilities, will continue to drive value by serving a growing roster of high-quality and high-volume client brands.”

Regulatory Matters

The subscription for Units by Mr. Gillis is considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of Mr. Gillis’ purchase of Units. Further details will be provided in the Company’s material change report to be filed on SEDAR. The Company did not file a material change report in respect of the related party transaction less than 21 days prior to the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.

 

The Units, Common Shares, Warrants and Warrant Shares are subject to a statutory hold period of four months and a day from the date of closing.

About The Tinley Beverage Company and Beckett’s Tonics

The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) develops and has licensed the production through its Long Beach, CA state-licensed manufacturing facility terpene and cannabis-infused non-alcoholic Tinley’s™ ’27 and Tinley’s™ Classics products which are distributed to licensed dispensaries and home delivery channels in California. Expansion of these products, adapted for manufacturing and sale in Canada, is currently underway. The Beckett’s Classics™ and Beckett’s ‘27™ lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers, as well as online, in the United States as well as in select grocery and specialty stores in Canada. Tinley’s facility in Long Beach California contains some of the state’s most versatile and technologically advanced cannabis-licensed beverage manufacturing equipment and provides manufacturing services for third-party brands in addition to producing Company-owned brands. Please visit www.drinktinley.com , and www.drinkbecketts.com Twitter and Instagram (@drinktinleys and @drinkbecketts) for recipes, product information and home delivery options.

Forward-Looking Statements

This news release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but instead include financial projections and estimates, statements regarding plans, goals, objectives and intentions, statements regarding the Company’s expectations with respect to its future business and operations, the closing of the acquisition of Lakewood Libations, Inc., the timing of the closing of any additional tranches of the Private Placement, the timing of the Company’s manufacturing capability enhancements and production runs, revenue growth, management’s expectations regarding growth, phrases containing words such as “ongoing”, “estimates”, “expects”, or the negative thereof or any other variations thereon or comparable terminology referring to future events or results, or that events or conditions “will”, “may”, “could”, or “should” occur or be achieved, or comparable terminology referring to future events or results. 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 and delays in the development of projects. 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. Products, formulations, and timelines outlined herein are subject to change at any time.

For further information, please contact:

The Tinley Beverage Company Inc.
Ted Zittell
(310) 507-9146
[email protected]
Twitter: @drinktinleys and @drinkbecketts
Instagram: @drinktinleys and @drinkbecketts
www.drinktinley.com
CSE:TNY; OTC:TNYBF

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

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INDVR Brands Inc. Signs Letter of Intent with BevCanna to Introduce Honu’s THC Infused Products to Canadian Consumers https://mjshareholders.com/indvr-brands-inc-signs-letter-of-intent-with-bevcanna-to-introduce-honus-thc-infused-products-to-canadian-consumers/ Mon, 12 Apr 2021 15:14:26 +0000 https://www.cannabisfn.com/?p=2917910

Ryan Allway

April 12th, 2021


Calgary, Alberta and Denver, Colorado–(Newsfile Corp. – April 12, 2021) – INDVR Brands Inc. (CSE: IDVR) (the “Company” or “INDVR Brands” or “INDVR”), a premier cannabis brand, consolidator and edibles retailer, proudly announces it has signed a Letter of Intent (“LOI”) with BevCanna Enterprises Inc. (“BevCanna”) to produce and distribute certain HONU THC infused and award-winning edible products to retail locations across Canada. The new partnership marks INDVR’s first introduction to the Canadian cannabis market and its first international expansion.

With the THC infused product segment making up a growing percentage of the cannabis consumed in Canada, now is the ideal time to introduce our HONU brand into an edibles market estimated at approximately $1.6 billion annually,” said Joshua Mann, INDVR’s CEO. “Our dedication to product quality and consistency is our defining factor in producing some of the most trusted products in Washington and Oregon states, and we are excited to start building the same brand-loyal following across Canada.”

Under the terms of the mutually beneficial venture, BevCanna will assist in accessing manufacturing, sales and distribution for certain INDVR and HONU products in Canada, including the new product lines being integrated through the Strainz acquisition.

In addition, INDVR will assist BevCanna with the distribution of certain BevCanna products in the US through INDVR’s established channels. Under the LOI, INDVR will also provide BevCanna with distribution metrics on the various channels available in certain States, dispensaries, and expected sales volumes to help with its product’s overall success in the US.

About INDVR Brands Inc.

INDVR is focused on aggregating and optimizing popular cannabis brands throughout North America. We are committed to the pursuit of becoming a premier, globally recognized “House of Brands,” holding a client portfolio of award-winning products with an extensive market footprint. For consumers, INDVR seeks to become the definitive source for unparalleled product selection, a tireless commitment to quality, exceptional craftsmanship and lifestyle. Whatever the occasion, INDVR’s has an inspired cannabis product tailored to meet every taste. INDVR’s management team brings expertise in operations, cannabis cultivation and mergers and acquisitions to support its U.S. expansion through accretive acquisitions and organic growth.

Additional Information

Additional information regarding INDVR is available under INDVR’s SEDAR profile at www.sedar.com.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

Investor Information
Company Contact:
Scott Koyich,
Investor Relations
[email protected]
Phone: +1 (403) 619-2200

Disclaimer and Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “anticipate”, “could”, “intend”, “expect”, “believe”, “will”, “projected”, “potential”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following the closing of the Offering, closing of future tranches of the Offering, the use of proceeds of the Offering and the benefit of the Offering to the Company. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To the extent any forward-looking information in this press release constitutes “future-oriented financial information” or “financial outlooks” within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated product sales of the Company and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out above under the heading “Disclaimer and Forward-Looking Information”.

Cannabis is legal in certain States in the United States (“U.S.“), however cannabis remains illegal under U.S. federal laws. INDVR Brands intends to conduct its U.S. cannabis operations in a manner consistent with the applicable State laws and in compliance with regulatory and licensing requirements applicable in the applicable State. However, the readers should be aware that any change in federal guidance on enforcement actions could adversely affect INDVR Brand’s ability to access private and public capital required in order to support continuing operations and its ability to operate in the U.S.

Unlike in Canada which has Federal legislation uniformly governing the cultivation, distribution, sale and possession of cannabis under the Cannabis Act (Federal), readers are cautioned that in the U.S., cannabis is largely regulated at the State level. Notwithstanding the permissive regulatory environment of medical cannabis at the State level, cannabis continues to be categorized as a controlled substance under the Controlled Substances Act in the U.S. and as such, cannabis-related practices or activities, including without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. Federal law. Strict compliance with State laws with respect to cannabis will neither absolve INDVR Brands of liability under the U.S. Federal law, nor will it provide a defense to any Federal proceeding, which may be brought against INDVR Brands. Any such proceedings brought against INDVR Brands may materially adversely affect its operations and financial performance in the U.S. market.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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