Founder Jeff Maser Steps Down as CEO and Director and Joins Advisory Board; Richard Gillis appointed President and COO of Tinley USA and joins new CEO office
TORONTO and LOS ANGELES, September 20, 2021 (GLOBE NEWSWIRE) – The Tinley Beverage Company Inc. (CSE: TNY, OTC: TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that the veteran of the beverage industry Richard Gillis has been appointed to the position of President and Chief Operating Officer, Tinley USA. Mr. Gillis previously served as President of Tinley Western USA, where he oversaw the construction of the company’s 20,000 square foot co-packaging facility and the launch of several of the company’s branded beverages. The company also announces that founder and CEO Jeff Maser has stepped down as CEO and director and will join the company’s advisory board. Rick Gillis, along with directors Ted Zittell and Douglas Fulton, have formed a CEO office to manage all business activities with company management on an interim basis while the search for a CEO is underway.
Prior to joining Tinley, Rick Gillis served as Managing Director of Coca-Cola Enterprises for the Southwestern United States. In this role, Mr. Gillis has supervised thousands of employees at multiple bottling, distribution and sales facilities for one of the company’s largest regional business units. He then served as President of Young’s Market Company which, under his tenure, was the second largest distributor of alcoholic beverages in the western United States. With Tinley’s state-of-the-art cannabis beverage production facility experiencing increased capacity utilization, Mr. Gillis is now best positioned to leverage his extensive experience in large-scale beverage operations. and help Tinley’s in its next phase of growth.
Jeff Maser founded the company in 2015 with a vision to create premium adult beverages that can be enjoyed as alternatives to alcoholic beverages. Working with formulators from the world’s largest liquor companies over the course of several years, Jeff has created low-calorie and non-alcoholic versions of popular adult drinks including ready-to-drink Gin & Tonic, Paloma, Moscow Mule and the Lime Margarita, as well as several servings of coconut rum, cinnamon whiskey, amaretto and coffee liqueurs. All of these formulations contain distilled plants and botanical terpenes not derived from cannabis and are alcohol-free. As non-cannabis infused formulations, these products are sold in mainstream grocery stores, convenience stores, and on-site accounts in the United States and Canada. The Company also sells, or is in the process of manufacturing for sale, cannabis-infused formats through licensed cannabis manufacturers and distributors.
âGetting Tinley from my initial vision to his current phase of growth has been an extremely challenging and rewarding journey,â commented Mr. Maser. âAs the founder, I built a team of exceptionally experienced beverage executives, knowing that deep expertise in manufacturing, logistics, branding and sales would be required to truly make Tinley’s a successful business. market leading beverage infrastructure and marketing. Rick has been a key contributor to our growth for almost three years, and I am confident he will take on these additional responsibilities. As a member of the Advisory Board, I remain committed to contributing to the growth of the company in everything that I and our many subscribers and investors have continued to believe could be from day one.
âI would like to personally thank Jeff for entrusting me with building the California business, in my initial role as well as in this increased capacity,â said Mr. Gillis. âJeff’s extraordinary vision and entrepreneurial spirit have created a platform that has given us an advantageous market position in both California and Canada. I know that management and the board of directors all support this decision. We’re all set to do whatever it takes through the CEO search process and work with a new CEO through the complexities of the expanding and competitive beverage and cannabis industries.
About The Tinley Beverage Company and Beckett’s Tonics
The Tinley Beverage Company Inc. (OTC: TNYBF, CSE: TNY) manufactures Beckett’s Classics â¢ and Beckett’s 27 â¢ lines of non-alcoholic and terpene-infused spirits and cocktails. Beckett products are available at traditional food, beverage and specialty retailers, as well as online, across the United States, as well as grocery and specialty stores in Canada. Cannabis-infused versions of these products are available under the Tinley’s â¢ brand at licensed dispensaries and home delivery services throughout California, with expansion in Canada underway.
The company has built what it believes to be one of the largest, most versatile and technologically advanced licensed cannabis beverage manufacturing facilities in California to produce its own brands as well as third-party brands. Located just 14 miles south of downtown Los Angeles, Tinley’s facilities are near North America’s largest cannabis market. It is capable of bottling in a growing variety of packaging formats, formulations and labels, and has built a licensed distribution facility adjacent to the manufacturing space.
Please visit www.drinkbecketts.com, www.drinktinley.com, Twitter and Instagram (@drinktinleys and @drinkbecketts) for recipes, product information and home delivery options.
This press release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but rather include financial projections and estimates, statements regarding plans, goals, objectives, intentions and expectations regarding future activities and operations, statements regarding Mr. Gillis’ ability to leverage his experience at the helm of Tinley’s, increasing the capacity utilization of the company, expectations regarding the growth of the company, statements regarding the position of the company in the cannabis and beverage markets, and sentences containing words such as “in progress”, “estimates”, “expects”, “intends to”, “believes” or the negative of it ci or any other variation thereof or comparable terminology referring to future events or results, or that events or conditions “shall”, “may”, “could” or ” should âoccur or be achieved, or comparable terminology referring to future events or results. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failure to obtain government, environmental or other approvals for the project, risks policies, uncertainties about the availability and costs of funding needed in the future, fluctuations in stock markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in project development and other risks associated with the mining exploration and development industry. Forward-looking statements are subject to important risks and uncertainties, as well as other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update or revise them to reflect new events or circumstances other than those required by law. The products, formulations and times described in this document are subject to change at any time.
For more information, please contact:
The Tinley Beverage Company Inc.
Ted Zittell, Director
Twitter: @drinktinleys and @drinkbecketts
Instagram: @drinktinleys and @drinkbecketts
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