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TAAT GLOBAL ALTERNATIVES - TOBAF STOCK NEWS

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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has expanded the distribution of its flagship product, TAAT™, to seven new U.S. states, including Alabama, California, and Florida, within the past two months. This growth complements the company’s existing presence in Ohio and its e-commerce operations, making TAAT™ accessible to most smokers aged 21+. The company prepares for international launches in the UK and Ireland, backed by a CAD $149,000 purchase order from a London wholesaler. CEO Setti Coscarella emphasizes a patient approach to market entry to build long-term brand recognition in the $814 billion global tobacco industry.

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-0.13%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) showcased a notable year in its press release, highlighting key achievements since August 2020. Under the leadership of CEO Setti Coscarella and CRO Tim Corkum, TAAT™ established a presence in over 500 stores across multiple U.S. states and launched an e-commerce platform catering to smokers aged 21+. Significant milestones include upgrades to the OTCQB® market, completion of a CAD $6.75 million private placement, and plans for Nasdaq listing. Recent marketing initiatives aim to raise brand awareness as TAAT™ continues to position itself in the $814 billion global tobacco industry.

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-5.07%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) reports significant progress since August 2020, launching its tobacco-free product TAAT in over 500 U.S. stores and through e-commerce in 37 states. Under CEO Setti Coscarella and CRO Tim Corkum, the company has established key partnerships and expanded its production capacities. Notable achievements include a CAD $6.75 million private placement, 300% revenue growth in Q2 2021, and recent recognition at trade shows. The company aims to capture a share of the $814 billion global tobacco market.

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-1.16%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) has appointed Peter Nguyen and John Martin to its Board of Directors as independent members. Effective immediately, their addition expands the Board to six directors, four being independent. Both appointees bring extensive experience in finance and capital markets. The Board aims to enhance governance and compliance measures in line with public exchange standards. The company is also pursuing a Nasdaq listing. CEO Setti Coscarella expressed optimism about TAAT's growth in the $814 billion tobacco market, highlighting its recent achievements.

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End-of-Day
10.77%
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management
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has announced the closing of 68 new initial purchase orders from trade shows in Las Vegas, significantly boosting its market presence. At The HQ Event, the company was recognized as the Best New Product. Following the trade shows, the total number of U.S. retailers carrying TAAT™ products has increased to approximately 500 from 300 in mid-July 2021. This growth comes as the company expands its facilities in Las Vegas to enhance production capacity for its Beyond Tobacco™ base material.

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2.76%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) has added its TAAT™ product to 71 new retail locations in Georgia, increasing its U.S. presence to over 400 stores. The company has reported strong demand, with its initial shipment fully pre-sold to a distributor managing 1,200 stores in multiple Southeastern states. In 2021, TAAT™ has gained traction as an alternative to tobacco, supported by strategic marketing and an expanding e-commerce portal. The new Las Vegas facility will enhance production capacity, facilitating expedited order fulfillment and potential growth in the competitive tobacco market.

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-2.34%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) showcased its products at The HQ Event in Las Vegas, marking its first trade show presence since launching in Ohio in Q4 2020. TAAT™ secured second place for Best in Show and first for Best New Product. The company aims to expand its foothold in the tobacco sector by engaging with various wholesale and retail buyers. Upcoming participation in the CHAMPS trade show, which runs from July 27-30, 2021, presents further opportunities for visibility and business growth.

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Rhea-AI Sentiment
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2.43%
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Rhea-AI Summary

TAAT Global Alternatives Inc. has announced the expansion of its facilities in Las Vegas, significantly increasing manufacturing and warehousing capabilities. This move comes as TAAT™ prepares for heightened demand with new U.S. launches and an international order. The new facility will enhance storage for Beyond Tobacco™ materials from 150,000 lbs to 400,000 lbs, and the fulfillment station will grow over 200% in size. CEO Setti Coscarella sees this expansion as a testament to the company's growth, reflecting strong market interest with over 300 retail store placements across 37 states.

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-4.1%
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News
Rhea-AI Summary

TAAT Global Alternatives announces its expansion into Illinois, targeting a market with a 15.5% smoking incidence among adults. The company has placed its TAAT™ products in 19 tobacco retailers, contributing to a nationwide total exceeding 300 locations. With an MSRP of $4.59 per pack, TAAT™ offers a competitive price compared to traditional cigarettes, averaging $9.72 per pack in Illinois. The high taxation in Cook County further enhances TAAT™'s market potential. The CEO emphasizes the opportunity to cater to over one million smokers, leveraging local demand and competitive pricing.

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3.1%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) reported a remarkable 317% increase in revenue for Q2 2021, totaling $691,484 compared to $165,786 in Q1 2021. This growth is attributed to a robust rollout strategy and consumer acceptance of its tobacco-free product, TAAT™, now available in over 300 retailers across Ohio. The company has expanded its e-commerce presence and secured a major sponsorship with the Professional Bull Riders league. CEO Setti Coscarella anticipates continued growth driven by increasing customer awareness and demand.

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4.48%
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FAQ

What is the current stock price of TAAT GLOBAL ALTERNATIVES (TOBAF)?

The current stock price of TAAT GLOBAL ALTERNATIVES (TOBAF) is $0.1977 as of April 16, 2024.

What is the market cap of TAAT GLOBAL ALTERNATIVES (TOBAF)?

The market cap of TAAT GLOBAL ALTERNATIVES (TOBAF) is approximately 2.3M.

TAAT GLOBAL ALTERNATIVES

OTC:TOBAF

TOBAF Rankings

TOBAF Stock Data

2.28M
10.65M
10.46%
0.01%
Tobacco
Consumer Defensive
Link
United States of America
Las Vegas