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The Tinley Beverage Co. closed a C$2.4 million ($1.98 million) private placement on June 10 to advance its co-packing and branded product growth.
The company continues to make capital investments to expand the scope of product formulation types and packaging formats that can be produced at its cannabis beverage manufacturing facility in Long Beach, California. The mini line and bottling lines have significant bookings in June and July, including third-party brands as well as manufacturing additional inventory of the company’s own products to fulfill dispensary demand.