TAAT(R) (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) today provided a summarized update of its performance during the company’s fiscal year 2022 (12-month period ended Oct. 31, 2022). Among the highlights, the company reported sequential annual revenue growth from CA$2,560,721 to CA$42,535,944, inclusive of convenience wholesale revenues from ADCO Distributors Inc. (“ADCO”) for the period of approximately 5.5 months between May 20 and Oct. 31, 2022. “Fiscal 2022 was a pivotal year for the company, and our financial results reflect that with a significant increase in revenue,” said TAAT CEO Michael Saxon. “The combination of our branded products (TAAT(R) and Jayvees) along with our distribution subsidiary ADCO, provides us with more diverse revenue streams so that we can further invest in the company’s businesses. On behalf of the management team, we thank shareholders for their continued support, and we are excited to further discuss these results during our annual general meeting (‘AGM’) on Monday.”
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About TAAT Global Alternatives Inc.
TAAT(R) is a vertically integrated consumer product and distribution company, generating more than CAD $90 million in overall gross revenue annually. TAAT is strategically expanding its product categories including tobacco and reduced-risk alternatives, hemp, kratom and other emerging CPG segments. TAAT has facilities to include a processing plant in Nevada as well as a distribution center in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels. 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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