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TAAT GLOBAL ALTERNATIVES - TOBAF STOCK NEWS

Welcome to our dedicated page for TAAT GLOBAL ALTERNATIVES news (Ticker: TOBAF), a resource for investors and traders seeking the latest updates and insights on TAAT GLOBAL ALTERNATIVES stock.

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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TAAT GLOBAL ALTERNATIVES's position in the market.

Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) is set to launch its products, TAAT Original, Smooth, and Menthol, through the Greater Austin Merchants Cooperative Association (GAMA) starting November 2022. GAMA supports over 600 stores in Austin, enhancing TAAT's market presence with a focus on profitability for retailers. CEO Michael Saxon highlighted the product's higher profit margins compared to traditional tobacco. GAMA's Vice President emphasized the innovative nature of TAAT, which offers a nicotine-free alternative, supporting conversion in the Austin area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
partnership
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) will participate in the NACS Show 2022 from October 1-4 at the Las Vegas Convention Center, featuring around 1,200 exhibitors. The company will have a booth (#1171) and host private events for convenience store executives. CEO Michael Saxon emphasized TAAT's value as a no-nicotine, tobacco-free alternative, highlighting better profit margins for retailers compared to traditional tobacco products. The company generates over CAD $80 million in annual gross revenue and holds significant market potential.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.56%
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none
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) recently sponsored the Boundary music festival in Brighton, which drew around 20,000 attendees. This sponsorship is part of TAAT's strategy to enhance brand awareness among adult smokers in the UK as it expands its market presence. The company has executed its largest shipment of products to the UK to date. CEO Michael Saxon noted that the initiative will support the ongoing growth of the brand in southeastern England.

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Rhea-AI Sentiment
End-of-Day
-6.42%
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none
Rhea-AI Summary

TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) reported financial results for FQ3 2022, revealing revenue of $17,473,223 and a gross profit of $567,404. Total assets grew by 48.77% to $23,383,865, with accounts receivable and inventory increasing significantly by 233% and 131%, respectively. The acquisition of ADCO Distributors in May 2022 enhances its U.S. operations, while TAAT continues expanding its retail presence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.93%
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-
Rhea-AI Summary

TAAT Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) reported its financial results for the quarter ending July 31, 2022, showing revenue of CAD 17,473,223 and a gross profit of CAD 567,404. Total assets rose by 48.77% to CAD 23,383,865, driven by substantial increases in accounts receivable and inventory. The company's acquisition of ADCO Distributors, completed in May 2022, strengthens its U.S. operations. TAAT is expanding its retail presence through strategic placements and advertising targeting adult smokers. A detailed earnings call is scheduled for September 21, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.93%
Tags
-
Rhea-AI Summary

TAAT Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) will host an earnings call on September 21, 2022, at 4:30 PM (Eastern), replacing the originally scheduled date. CEO Michael Saxon and CFO Joel Dumaresq will discuss the financial performance for FQ3 2022, highlighting the integration of ADCO into operations. The earnings call will be accessible to the public, with a recording available afterward on the company’s website. Additionally, investors can submit questions via email before the call.

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-0.68%
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Rhea-AI Summary

TAAT® Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) has rescheduled its FQ3 2022 earnings call to Wednesday, September 21, 2022, at 4:30 pm (Eastern). CEO Michael Saxon and CFO Joel Dumaresq will discuss the Company’s financial performance and business activities for the quarter ended July 31, 2022. This earnings call marks the first quarter reporting with ADCO integrated into operations. A recording will be available on the Company’s website post-event.

Rhea-AI Impact
Rhea-AI Sentiment
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-0.68%
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-
Rhea-AI Summary

TAAT® Global Alternatives Inc. (OTCQX: TOBAF) announced the dispatch of its largest shipment of TAAT® to the UK, approximately three times previous amounts. This shipment aims to expand distribution beyond Greater London into southeastern markets, in collaboration with Green Global Earth (GGE). CEO Michael Saxon highlighted an improvement in supply chain challenges, allowing for more regular shipments. The company continues to grow its presence in the UK tobacco alternative market, with a focus on adult smokers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
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none
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Rhea-AI Summary

TAAT® Global Alternatives Inc. (OTCQX: TOBAF) has announced the largest shipment of its TAAT® product to the U.K., approximately three times previous amounts. This shipment will help expand the product's distribution beyond Greater London, assisted by their wholesale partner, Green Global Earth. CEO Michael Saxon shared optimism about overcoming early supply chain challenges and plans for further international expansion in 2023. TAAT® aims to cater to adult smokers seeking a nicotine-free alternative, leveraging current successes to enter new markets.

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Rhea-AI Sentiment
End-of-Day
0.94%
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none
Rhea-AI Summary

TAAT® Global Alternatives Inc. (OTCQX: TOBAF) announces a representation agreement with B&B Beyond, aiming to increase the brand's presence in the U.S. convenience store market. B&B Beyond, managed by former convenience executives Brent Taylor and Brad Call, will present TAAT® to national and regional chains. With a focus on disrupting the $812 billion tobacco industry, TAAT® offers a nicotine-free, tobacco-free alternative at competitive pricing, promising higher margins for retailers. Initial engagements have received positive feedback from retail decision-makers.

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Rhea-AI Sentiment
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-3.27%
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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