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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) announced record sales in November 2021, achieving approximately USD $460,000 in gross revenue with a 60% gross margin. The company added five new U.S. distributors and increased production by over 27.7% from October. They produced enough of their Beyond Tobacco formulation to create over 820,000 packs of TAAT. This performance marks the best month for the company in the U.S. since launching in December 2020, as they begin to expand into international markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) has announced its sponsorship of the exclusive 'To The Moon' event hosted by WallStreetBets in Miami, on November 30, 2021. This sponsorship marks a significant collaboration with the influential online investor community, which has over 11.2 million members. The event includes a live NFT auction, art experiences, and promotional activities featuring TAAT's tobacco-free products. CEO Setti Coscarella highlighted the value proposition for WSB members, while WSB founder Jaime Rogozinski praised TAAT's disruptive potential in the tobacco market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.32%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (CSE: TAAT, OTCQX: TOBAF) has secured a distribution agreement with H.T. Hackney, a leading U.S. wholesaler with $3.9 billion in revenues. The initial order includes 168 countertop displays and over 1,000 cartons of TAAT™ for Par Mar Stores, effective December 15, 2021. This partnership aims to convert smokers to TAAT™'s tobacco-free and nicotine-free products, especially in West Virginia, where cigarette use is notably high. CEO Setti Coscarella expressed optimism about TAAT™'s performance in this new market.

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Rhea-AI Sentiment
End-of-Day
19.56%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has secured a distribution agreement with H.T. Hackney, a leading U.S. wholesale distributor. The initial order includes 168 countertop displays and over 1,000 cartons of TAAT™ for placement in Par Mar Stores across Ohio, West Virginia, and Pennsylvania, set to begin by December 15, 2021. This strategic partnership aims to transition smokers to TAAT™'s tobacco-free products, especially in West Virginia, where adult cigarette usage rates are among the highest in the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.56%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) announced a significant shipment of its TAAT™ products to three California distributors, targeting major markets like Los Angeles and San Diego. This follows the company's expansion efforts after launching in Ohio in 2020. With California being the most populous state, the company aims to capture market share amid strict regulations on flavored tobacco products. CEO Setti Coscarella emphasized California's size and regulatory landscape as opportunities for growth, anticipating strong initial results from the new distributors.

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Rhea-AI Sentiment
End-of-Day
1.14%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) has announced a purchase order worth €60,000 (approximately CAD $86,400) to launch its TAAT™ products in Austria, commencing Q1 2022. This follows successful introductions in the UK and positive feedback from wholesalers in various European nations. Austria's smoking rate, significantly higher than the EU average, presents an opportunity for TAAT™ to capture market share, especially given recent bans on menthol cigarettes and a continuing decline in smoking rates. The company anticipates strong performance due to favorable market conditions.

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Rhea-AI Sentiment
End-of-Day
-2.5%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) has successfully introduced its tobacco-free product, TAAT™, to large-scale wholesalers in the UK, generating enthusiasm due to its competitive advantages over traditional cigarettes. The company previously announced over CAD $1,200,000 in orders for 43,000 packs of TAAT™. With an expected full container shipment set for Q4 2021, TAAT™ can be marketed more freely than tobacco products and sold at lower prices due to tax exemptions. The aim is to enhance market share in a rapidly evolving industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
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TAAT Global Alternatives Inc. (OTCQX: TOBAF) has successfully placed its flagship product, TAAT™, in its first retail location on the Las Vegas Strip, specifically at Viva Vegas Gifts in the Grand Bazaar Shops. This marks a significant milestone as the Strip attracts over 42 million annual visitors, primarily aged 21+. The company aims to expand its presence in the U.S. market after launching in Ohio in Q4 2020, now boasting over 1,200 stores. CEO Setti Coscarella emphasizes the importance of this placement for increasing brand visibility and sales potential in a high-traffic area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
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Rhea-AI Summary

TAAT Global Alternatives Inc. (OTCQX: TOBAF) announced securing 19 new U.S. wholesale relationships in the past 60 days, expanding its distribution into states like Virginia, Oregon, and Missouri. The total number of stores offering TAAT™ has increased to over 1,200, marking a 20% rise in just three weeks. The company has also initiated its first international launches in Australia, the UK, and Ireland. CEO Setti Coscarella highlighted the growing consumer demand for TAAT™ as a tobacco alternative, supported by enhanced production capabilities from new facilities in Las Vegas.

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-1.58%
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Rhea-AI Summary

TAAT Global Alternatives announced the closing of a CAD $10 million private placement, led by venture investors including Debbie Chang, bringing total investments to over CAD $26.7 million. The company plans to use these funds to enhance manufacturing and marketing, targeting smokers aged 21+. TAAT has entered the US market with over 1,000 stores and is expanding into Australia, the UK, and Ireland. The placement price of CAD $3.00 per unit reflects a 130% increase compared to a previous investment in 2020.

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Rhea-AI Sentiment
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0.33%
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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