TAAT GLOBAL ALTERNATIVES - TOBAF STOCK NEWS

TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) has announced the scheduled filing of its Fiscal Q1 2023 financial statements on April 3, 2023. In a significant update, the company has terminated its proposed acquisition of the Break Free™ mobile application from Boksburg Ventures Inc., which was initially announced on March 3, 2023. TAAT® is positioned as a vertically integrated consumer product company generating over CAD $90 million in gross revenue annually, actively expanding its product categories in tobacco and reduced-risk alternatives, hemp, and kratom.

TAAT® Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) reported significant growth in its fiscal year 2022, with revenues soaring from $2.56 million to $42.54 million. The company achieved this increase through the acquisition of ADCO Distributors, which contributed approximately 5.5 months of revenue. This strategic acquisition, along with the appointment of Michael Saxon as CEO, enhances the company's market position. TAAT® now generates over CAD $90 million in gross revenue annually, focusing on tobacco alternatives. Audited financial statements for the year ended October 31, 2022, have been filed, reflecting a pivotal year for the company.

TAAT Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) has successfully launched its Jayvees brand of edibles, which sold out its initial batch within 14 days. Following this demand, the company’s subsidiary, Beyond Alternatives, has commenced production of a second batch, approximately 13% larger than the first. The edibles are now available in eleven U.S. states and Puerto Rico, with retailers reporting adult consumers purchasing an average of ten units per transaction. The Peanut Butter variety has emerged as a best seller, reflecting strong consumer interest and robust sales momentum.

TAAT Global Alternatives Inc. (OTCQX: TOBAF) announced an update regarding a management cease trade order issued on March 1, 2023, by the British Columbia Securities Commission due to delayed financial filings. The company is currently progressing with its audit and expects to provide an update on the filing of its Annual Filings by March 24, 2023. While the general public can trade TAAT's shares, the CEO and CFO are restricted from trading during this period. TAAT confirms compliance with reporting requirements and will provide bi-weekly updates until the matter is resolved.

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has announced its acquisition of the Break Free™ smartphone application from Boksburg Ventures Inc., aiming to enhance its market position in the tobacco alternatives sector. The app aims to assist adult smokers in cessation strategies using innovative technologies. The acquisition involves issuing 17 million common shares valued at $0.3225 each, plus $3.6 million in working capital. Approval from Boksburg shareholders is required for the deal's completion on April 10, 2023. The Break Free™ app is still under development with a prototype currently undergoing alpha testing.

TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) announces a delay in its Annual Filings for the fiscal year ended October 31, 2022, originally due by February 28, 2023. The delay stems from a change in auditors, requiring enhanced quality controls and additional procedures. The British Columbia Securities Commission granted the Company a Management Cease Trade Order (MCTO), restricting trading for its executives but allowing public trading of shares. The Company expects to complete the filings by March 28, 2023, and will provide bi-weekly reports in the interim.

TAAT Global Alternatives Inc. has announced its participation at the Total Product Expo (TPE) in Las Vegas from February 22-24, 2023. Beyond Alternatives LLC, a subsidiary, will showcase its inaugural brand, Jayvees, at booth 2105. This follows their previous exhibition at the CHAMPS Las Vegas trade show, where they reported positive sales. The TPE event has expanded by 30%, now incorporating diverse product categories beyond tobacco. CEO Michael Saxon emphasized the significance of trade shows for establishing connections with retailers and distribution partners, aligning with the company's strategy to diversify its operations in the consumer products sector.

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has announced the launch of its inaugural brand, Jayvees, at the CHAMPS Las Vegas trade show from February 8-11, 2023. This brand features a selection of innovative products made from novel cannabinoids, including four smokable varieties and four CBD-balanced chocolate flavors. The proprietary base material formulation allows for efficient production and cost-effectiveness. Beyond Alternatives LLC, a subsidiary of TAAT, aims to expand its market presence by leveraging its distribution infrastructure, particularly via ADCO Distributors, Inc., which has placed an initial order for Jayvees.

TAAT Global Alternatives Inc. (OTCQX: TOBAF) released a year-end update reflecting on CEO Michael Saxon's first six months. Key highlights include:

• Acquisition of ADCO Distributors with revenues of approximately CAD $90 million.
• Increased market presence in Las Vegas (800 stores) and San Diego (500 stores).
• Expansion into Texas with placements in 34 Buc-ee's locations.
• New subsidiary, Beyond Alternatives, set to launch new products in 2023.
• Customs issues in the UK anticipated to resolve in Q1 2023.

Financial statements for FY2022 are expected by February 28, 2023.