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TINLEY BEVERAGE CO ORD - $TNYBF STOCK NEWS

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Rhea-AI Summary
Tinley Beverage Company Inc. grants stock options to directors, officers, employees, and consultants to purchase up to 10,150,000 common shares at $0.06 per share until February 9, 2029.
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-6.52%
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Rhea-AI Summary
Press Media LLC acquired 52,800,000 units of The Tinley Beverage Company Inc. for $1,320,000, representing 23% of the issued and outstanding Common Shares or 37% upon exercise of the Warrants. The Acquiror may increase or decrease its beneficial ownership of Common Shares or other securities of the issuer.
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Tinley Beverage Company Inc. provides corporate updates, appoints new director, and closes oversubscribed private placement. The company's cannabis manufacturing and distribution facility is now operational, and it plans to increase revenue from sales of Beckett's no-alcohol products. Tinley's is also preparing to launch a new line of Beckett's hemp-derived Delta-9 THC beverages and THC-infused beverages under the Beckett's brand. The company recently appointed Mr. Shreyas Balakrishnan, the CEO of strategic partner Blaze Life Holdings, to its board of directors. The closing of the private placement and debt settlement resulted in the issuance of 80,000,000 Units, with each Unit consisting of one common share and one common share purchase warrant. The company intends to use the net proceeds from the private placement to fund its ongoing business initiatives and for general corporate and working capital purposes.
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Rhea-AI Summary
Tinley Beverage Company Inc. (TNY) announces the filing of its interim consolidated financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2023. The company also schedules an investor call to update shareholders on near-term value creating opportunities and financing needs.
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14.29%
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The Tinley Beverage Company Inc. settles legal action threatened by former CEO Jeffrey Maser. Maser alleged wrongful dismissal despite voluntarily resigning. Tinley's agrees to Maser retaining 1.5 million Performance Shares and returning 1.5 million shares to the Company.
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-10%
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Tinley Beverage Company announces stock purchase agreement for sale of its interest in Lakewood Libations, relocation to Canoga Park, and appointment of new CEO of Blaze Life Holdings. The company expects to save approximately USD $1 million annually in overhead operating expenses. The BLH Facility is expected to be the world's largest cannabis beverage manufacturing plant. The relaunch of the company's cannabis-infused beverages is planned to coincide with new production at the BLH Facility. Beckett's non-infused/non-alcoholic beverages continue to experience increasing consumer demand. The start of production at the BLH Facility will enable Sulo Distro to distribute Tinley's infused beverages throughout California. The company's income and cash flow will remain significantly constrained until the BLH Facility is operational. Management may seek to raise capital through strategic private placements.
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-19.05%
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Rhea-AI Sentiment
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-1.32%
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TINLEY BEVERAGE CO ORD

OTC:TNYBF

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7.71%
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