The Tinley Beverage Company (TSE:TNY) has released an update.
The Tinley Beverage Company announces a strategic shift away from co-packing to concentrate on their core lines of non-alcoholic, HD9 infused, and cannabis-infused beverages, alongside the settlement of CDN$1.8 million debt and a private placement worth up to $7 million. The company’s CEO emphasizes the importance of focusing resources on their unique product line to enhance earnings and shareholder value. The transactions are expected to streamline operations and significantly reduce costs, positioning Tinley’s for future success.
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