The Tinley Beverage Company Inc.

The Tinley Beverage Company Inc. (CSE: TNY) (OTCQB: TNYBF) was incorporated under the laws of the Province of Ontario, Canada by Articles of Incorporation dated October 26, 2007. Through its subsidiaries, the Company has worked with beverage alcohol product developers and flavourists to produce a line of liquor-inspired, non-alcoholic cocktails and spirits. These base formulations were produced as cannabis-infused drinks at state-licensed contract manufacturers. The Company through its subsidiaries, built the Long Beach, California facility (“Long Beach Facility”) and its subsidiaries acquired necessary cannabis licences to produce its own brand beverages, and to manufacture cannabis-infused beverages for third-party contract manufacturing brands. The Company closed and exited from the Long Beach Facility on August 31, 2023. In response to consumer and non-licensed retail demand for its non-infused samples in California, the Company began to commercialize and produce its Beckett’s line of liquor-inspired, non-alcoholic, non-cannabis-infused beverages in 2020. This line of products continues to be distributed and sold at non-cannabis-licensed retail locations in the US. These products continue to provide accelerating revenue, as the non-alcoholic beverage category experienced continued growth through growing consumer demand across retail and on-premise locations channels. The company is poised to build further on the Beckett’s non-alcoholic business by evaluating state-by-state opportunities to producing hemp-derived delta-9 THC-infused versions of the high performing non-alcoholic drinks where permitted for production, distribution and sale. Following the Company’s decision where and how to proceed, production and launch of new Beckett’s hemp THC beverages is expected in Q2 2024. The Company is considering re-launching a revamped line-up of its original regulated cannabis-infused drinks following the anticipated, rapid production, sales and return on capital cycle that the industry is experiencing in the fast-growing non-alcoholic and in the hemp delta-9 THC-infused beverage categories. These state-regulated cannabis products are expected to be produced through the Company’s licensed manufacturing partner Delta Bev, and distributed and sold to licensed dispensaries and home delivery in California through exclusive distribution partner, Sulo Distro. Both Delta and Sulo operate under licences held by Illa Canna LLC, a subsidiary of our strategic investor Blaze Life Holdings Inc. (“BLH”). Please visit www.drinktinley.com, and www.drinkbecketts.com Twitter and Instagram (@drinktinleys and @drinkbecketts) for recipes, product information and home delivery options as available."