The Tinley Beverage Company Inc. reported that the inaugural Canadian production of its Tinleys '27TM Smooth Coconut, the Canadian version of California's Emerald Cup-award winning Tinley'sTM '27 Coconut Cask, is expected to be completed this week at its Ontario licensed contract manufacturer. These products are expected to be delivered to the Ontario Cannabis Store warehouse mid-March 2022 and will be available for Ontario dispensaries in April 2022. Production of Tinleys ClassicsTM Mystic Dove, the Canadian version of its Tinley's TonicsTM La Paloma Mystic Dove, has been delayed by recent border closures impacting the timing of ingredient delivery to the British Columbia licensed contract manufacturer.

Production is now scheduled for March 2022. Consequently, the OCS has agreed to defer the launch of this SKU to the second phase of Spring 2022 product releases, making Mystic Dove available to Ontario dispensaries in May 2022. The Company continues to collaborate with its licensed contract manufacturers and sales agents to accommodate various provincial boards' presentation requests and 2022 listing timeframes.

Updates on the Alberta Gaming and Liquor Commission ("AGLC") decisions for April 2022 listing are expected late in March 2022. The Company continues to work towards late Spring 2022 listings of Tinley's Canadian products with the British Columbia Liquor Distribution Branch ("BCLDB"). Tinley's will provide ongoing updates to shareholders on the currently scheduled production and release dates, and on progress towards additional distribution across Canada.