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TAAT GLOBAL ALTERNATIVES - TOBAF STOCK NEWS

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Rhea-AI Summary

TAAT™ Lifestyle & Wellness Ltd. will change its name to TAAT™ Global Alternatives Inc. effective April 28, 2021. The stock ticker remains unchanged as "TAAT" on the Canadian Securities Exchange. This rebranding reflects the company's strategy to align its identity with its mission and the growing tobacco industry. TAAT™ offers a tobacco and nicotine-free product known as Beyond Tobacco™, which aims to attract the 1.3 billion tobacco users globally. No action is required from shareholders regarding the name change, as existing shares remain valid.

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End-of-Day
16.38%
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Rhea-AI Summary

TAAT™ Lifestyle & Wellness Ltd. (CSE: TAAT) has submitted an initial application for its common shares to be listed on the Nasdaq Capital Market. This follows the upgrade of its shares to the OTCQX® Best Market. The CEO highlighted that this listing could enhance market presence, visibility, and liquidity, attracting more investors. The application is subject to Nasdaq's approval. Currently, TAAT™ offers a tobacco-free alternative to traditional cigarettes, aiming to capture a share of the $814 billion global tobacco market.

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Rhea-AI Sentiment
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16.38%
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Rhea-AI Summary

TAAT™ Lifestyle & Wellness Ltd. (OTCQX: TOBAF) has submitted its initial application to list its common shares on the Nasdaq Capital Market. This follows the company's recent upgrade to the OTCQX® Best Market, enhancing its visibility and investor appeal. Key potential benefits of a Nasdaq listing include attracting a broader investor base, increased liquidity, and enhanced market presence. CEO Setti Coscarella emphasized the importance of this move in strengthening the company's position in the $814 billion global tobacco market.

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16.38%
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TAAT™ Lifestyle & Wellness Ltd. has launched its ‘Beyond Nicotine™’ initiative in response to potential U.S. regulations aimed at capping nicotine levels in tobacco cigarettes. This program aims to highlight TAAT™ as a nicotine-free alternative for smokers aged 21 and older. Following its retail launch in Ohio in Q4 2020, the company received a CAD $1.25 million order from a Texas wholesaler. Consumer research indicated strong acceptance of TAAT™, with nearly 75% of participants rating its quality positively. The campaign includes revised messaging and promotional materials to reach its target market.

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11.83%
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TAAT Lifestyle & Wellness Ltd. (OTCQX: TOBAF) announces a significant $1 million wholesale order from Worldwide Vape Distribution (WWV) for its TAAT™ product line—Original, Smooth, and Menthol. This order, fulfilled in batches throughout 2021, leverages WWV's extensive distribution network across more than 10,000 U.S. retail stores. Since its launch in Ohio in Q4 2020, TAAT™ has seen steady demand, with plans for expansion through e-commerce and promotional partnerships. The deal enhances TAAT™’s market presence in the competitive tobacco alternatives sector.

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Rhea-AI Sentiment
End-of-Day
7.12%
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TAAT™ Lifestyle & Wellness Ltd. (CSE: TAAT, OTCQX: TOBAF) announced a significant wholesale order from Worldwide Vape Distribution (WWV) for $1 million worth of TAAT™ products including Original, Smooth, and Menthol varieties. This order, to be fulfilled in 2021, marks a critical step in expanding TAAT™'s market presence. Following its launch in Ohio in Q4 2020, the company has seen significant retail interest, averaging ten new store placements weekly. The e-commerce portal launched in February 2021 enhances accessibility for consumers, aligning with WWV’s distribution capabilities across 38 U.S. states.

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7.12%
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TAAT™ Lifestyle & Wellness Ltd. (OTCQX: TOBAF) recently collaborated with Burak Jacobson Partners Inc. to conduct market research among smokers aged 21+. Findings showed over 65% dislike tobacco's financial burden, and half of respondents indicated interest in purchasing TAAT™. Online purchase appeal was significant, with 95% finding it attractive. Nearly 75% rated TAAT™ quality positively, especially the Menthol variety (84%). CEO Setti Coscarella emphasized the need for insights in expanding market share, stating TAAT™'s competitive advantages in the $814 billion global tobacco industry.

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-5.1%
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TAAT Lifestyle & Wellness Ltd. (OTCQX: TOBAF) will present at the Global Chinese Financial Forum on April 15, 2021. CEO Setti Coscarella will discuss TAAT™, a tobacco and nicotine-free alternative aimed at the $814 billion global tobacco market. The presentation, featuring translations for Chinese viewers, will highlight the company's product launch in Ohio and the launch of its e-commerce portal. With a focus on engaging global investors, the initiative aims to position TAAT™ uniquely in a market with substantial interest from Chinese investors, reflecting a significant growth opportunity.

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OTC Markets Group Inc. announced that TAAT™ Lifestyle & Wellness Ltd. has qualified to trade on the OTCQX® Best Market under the symbol TOBAF, upgrading from the OTCQB Venture Market. This milestone reflects TAAT™'s financial growth and governance standards. TAAT™, offering a nicotine-free and tobacco-free alternative to traditional cigarettes, launched its online sales portal earlier this quarter, enhancing market access to smokers aged 21+. The company aims to strengthen its presence in the $814 billion global tobacco industry in 2021.

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-0.31%
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Rhea-AI Summary

TAAT Lifestyle & Wellness Ltd. (OTCQB: TOBAF) has upgraded to the OTCQX Best Market, enhancing its market presence and credibility. This new tier is reserved for established firms meeting stricter reporting standards and excludes penny stocks. The company has launched its product in Ohio and online, aiming to capture a share of the $814 billion global tobacco market. CEO Setti Coscarella noted the upgrade reflects their hard work and could strengthen investor confidence. Additionally, TAAT is preparing for a potential NASDAQ application in the near future.

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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
20.24M
10.46%
0.01%
Tobacco
Consumer Defensive
Link
United States of America
Las Vegas