Overview
The much-hyped cannabis beverage industry hasn’t exactly lived up to expectations. Even though it is finally showing significant signs of life, it still only represented about 2 percent of the industry last quarter. This brings it to about $100 million in California and probably about the same in Canada, the world’s two largest cannabis markets.
It turns out the problem is this: There’s never been anywhere to manufacture these drinks on a large scale, except for a couple of places in Canada backed by major liquor companies. Cannabis beverages in Canada have therefore enjoyed more market share than in the US, as American consumers have had to endure the challenges of high-priced drinks of varying quality, made on rudimentary bottling lines.
The Tinley Beverage Company (CSE:TNY, OTC:TNYBF) struggled with this problem for years, searching California for…
