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Toronto, Ontario and Los Angeles, California–(Newsfile Corp. – April 25, 2022) – The Tinley Beverage Company Inc. (CSE: TNY) (OTCQX: TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that the launch of its Tinleys 27 Smooth Coconut elixir is continuing to roll out in Ontario. The Company is also pleased to announce that it has received an advance in the aggregate amount of US$612,250 (the “Advance”) from Richard Gillis, President and Chief Operating Officer of Tinley’s USA, and member of Tinley’s Office of the CEO.

Tinley’s Ontario Brand Launch Update

The Company is working with its sales agents, Northern Elements, to introduce Tinleys ’27 Smooth Coconut elixir to an increasing number of dispensaries in key Ontario regional markets since the product’s listing went live earlier this month. To help accelerate retail and consumer uptake, non-infused versions of the product are being offered in store to buyers and are also being made available to dispensaries for consumer sampling events to illustrate the easy sip, mix, and share possibilities of the Tinleys ’27 Caribbean-inspired elixir. In addition, retail point-of-purchase materials are now available, including counter cards with recipe booklets promoting five use occasions through easy-to-mix at home mocktail recipes.

The product continues to be available online via the Ontario Cannabis Store (the “OCS”) website. The Company understands that the OCS reallocates inventory from its warehoused stock in response to online demand, and consumers seeking to order from the OCS website may see the product shown as out of stock, and then find the product available to order hours later or the following day. The Company further understands that the OCS online internal replenishment cycle is expected to accelerate throughout the first 30-60 days of listing. As previously announced, Tinleys Classics Mystic Dove Paloma-inspired ready-to-drink mocktail is expected to be available to Ontario dispensaries and consumers in May.

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