The Tinley Beverage Company Inc. (OTCQX:TNYBF) (CSE:TNY) has issued an up to $3.5 million 12% secured convertible grid note of the company to Blaze Life Holdings, LLC, an arm's length party to the company, and finalized the terms of its $612,250 advance from Richard Gillis, president and COO of Tinley's USA, and member of Tinley's office of the CEO, which is now evidenced by a $612,250 12% secured convertible promissory note of the company.
Blaze Life Holdings was founded in 2017 by two cannabis visionaries: Los Angeles real estate investor Scott Kim and Paul Burgis, former COO and CFO of Los Angeles-based Golden Road Brewing, which was acquired by Anheuser-Busch InBev (NYSE:BUD) in 2015. They saw the opportunity for a sophisticated, vertically integrated cannabis business that operationally parallels the craft brewing and brew pub scene, adapted to drive efficiency and growth in a rapidly growing cannabis beverage industry.
