The Tinley Beverage Company Inc. announced a private placement of 12% secured convertible grid note to new investor, Blaze Life Holdings, LLC, an arm's length party to the company for gross proceeds of up to $3.5 million on June 10, 2022. The note is a grid note that will bear interest at a rate of 12% per annum and has a term of five years from the date of issuance. All indebtedness under the note, including all principal amounts advanced under the note from time to time and accrued and unpaid interest, shall be convertible into units of the company at the option at a price of CAD 0.105 per unit .

Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant with each warrant exercisable for a period of two years from the date of issuance of such warrant at an exercise price equal to the conversion price. The company also finalized the terms of its $612,250 advance from Richard Gillis, President and Chief Operating Officer of Tinley's USA, and member of Tinley's Office of the CEO. Yanow is entitled to a receive a $100,000 capital markets advisory fee from the company.