ScotianBot

Is TNY trading in a Macro Ascending Triangle?

Long
CSE:TNY   THE TINLEY BEVERAGE COMPANY INC
TNY appears to be holding on to the green upward sloping support in this chart, the support is interestingly forming a giant Ascending Triangle .

Potentially merit for a Inverted Head & Shoulders , only time will tell.

Tinley has multiple upcoming operational updates that can influence these patterns to play out bullishly to the upside in a parabolic manner.

1. Canadian expansion of Cannabis-infused beverages & Beckett's.

It appears as though Canadian expansion for the cannabis-infused beverages has been held off until Tinley received their Long Beach License because Tinley expects to provide reciprocal co-packing referral services with a Canadian co-packing partner.

Updates on expansion to Canada are expected in August.

2. Some of Tinley's Co-packing clients will be announced in the near term because Tinley's Long Beach Facility received official licensing recently.

The company is now in a position to consummate agreements in its pipeline of prospective co-packing clients, apparently there are five, and the CEO has mentioned some of the deals will put Tinley on the Map. Mentioned in one interview is a National Brewery, a well known Winery, and some well known Cannabis brands & mainstream beverage brands.

3. Beckett's shelf placement regarding approximately 6500 locations of interest, commitments from 4 chains for August, at least 1 is rumored to be Costco.

4. Working to finalize initiatives with prominent figures in sports and
entertainment for marketing of Tinley products and co-packing clients’
products.

5. Expansion to Nevada.

Tinley has several bullish milestones that if completed in a timely manner can have a serious impact on the share price to the upside, and on the contrary if delayed, the outcome would be vice versa & a retest of 20c CAD seems plausible.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.