Tinley Passes Key Inspection and Continues Operations Under COVID-19 Exemptions

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

LOS ANGELES and TORONTO, March 30, 2020 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (CSE:TNY and OTCQX:TNYBF) is pleased to announce that it has successfully passed its electrical inspections at its 20,000 square foot cannabis beverage bottling and distribution facility in Long Beach, California.

Key Inspection Completed at Long Beach

As previously disclosed, the buildout of the Company’s specialized cannabis bottling facility was completed in late November, with the delivery and installation of a specialized transformer and electrical system being the key outstanding requirement.  The local utilities have now completed this installation, and the facility has successfully passed its municipal electrical inspection.  This has been the key outstanding approval needed on the project, and the Company is expecting the remaining building inspections to take place this week.  As previously disclosed, the relevant regulatory bodies at the state level have indicated that the Company’s cannabis entity has satisfied requirements for receipt of a cannabis manufacturing license, pending satisfactory municipal approvals from the City of Long Beach.  

The Company has nearly completed the decommissioning of its Phase 2 bottling facility in anticipation of Phase 3 becoming operational, and it has manufactured inventory that it believes will be sufficient to last until this commissioning. 

Continued Operations Under COVID-19 Exemptions

Cannabis dispensaries have been deemed essential services under the COVID-19 orders issued in California on Thursday, March 19, 2020.  As a result, licensed adult use and medical dispensaries and the companies that supply them may continue operating under these orders.  Dispensaries throughout the state have reported surges in demand as consumers stock up on cannabis, often with lineups comparable to grocery stores.  With residents throughout the state under a “stay at home” order, fewer opportunities exist for consuming cannabis out of the home, potentially increasing the desirability of smokeless forms of cannabis, such as edibles and drinks.  Much like home deliveries in groceries and other mainstream retail, cannabis home delivery services have reported an increase in demand.  The Company’s products have been restocked and are again available for home delivery throughout California.  Ordering information is available at www.drinktinley.com.