Is TNY trading in a Macro Ascending Triangle?
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.
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.
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