TAAT(R) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has provided an overview of the company’s corporate developments for the last six months; that period covers the time since Michael Saxon, a 25-year veteran of the tobacco industry, was named CEO. The overview included the following: TAAT acquired the profitable distribution business ADCO Distributors Inc., an independent retail-focused business that has grown substantially to approximately C$90 million in revenues; the company has received three reorders from its London-based distributor, with the most recent reorder being the largest; and TAAT is in advanced conversations with distributors in three other European markets. The company also focused on its “home” market of Las Vegas, as well as San Diego, California, resulting in TAAT products being sold in more than 800 stores in Las Vegas and 500 locations in San Diego; TAAT also expanded its focus markets to include Texas, which included initial placements in all 34 Buc-ee’s locations in Texas. The Company announced the creation of a new subsidiary called Beyond Alternatives, which will begin to distribute other alternative products in growing categories. “These are exciting times for TAAT in the global tobacco industry, and I am very proud of what our team has achieved over the past six months; particularly the results we are seeing in our home market of Las Vegas,” said TAAT CEO Michael Saxon in the press release. “I’ve launched many tobacco brands in many markets for some of the largest players in the industry, and I am actively applying this experience to the commercialization of TAAT as a novel alternative to cigarettes for adult smokers who want to move on from tobacco and nicotine. We have also sought to establish a presence in settings where adult smokers tend to use tobacco products (e.g., smoking areas of performance venues, outdoor events such as festivals) so that we can engage consumers directly to gain trial. There are many exciting developments on the horizon for the year 2023, which I look forward to sharing as they occur.”
To view the full press release, visit https://ibn.fm/nbpHj
About TAAT Global Alternatives Inc.
TAAT develops, manufactures and distributes alternative products in categories such as tobacco, hemp, kratom and other emerging CPG segments. Its flagship product is a nicotine-free, tobacco-free combustible with a patent-pending base material formulation, sold in several thousand stores throughout the United States. TAAT has reported an estimated C$80-plus million in overall gross revenue annually and has an operations center in Nevada as well as a distribution center and multiple convenience stores in Ohio. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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