REPEAT – TAAT® Receives Third Reorder from U.K. Distributor

Rhea-AI Summary

TAAT Global Alternatives Inc. has received its third reorder for TAAT® from its UK distributor GGE, marking a significant step forward in its expansion. This order includes the first shipment of TAAT® Green, a menthol-flavored product, and follows the successful performance of its nicotine-free, tobacco-free offering in the UK market. The company is committed to leveraging its distinctive packaging and the regulatory shifts affecting traditional tobacco companies. The U.K. is a strategic market for TAAT®, supported by authorization from the National Health Service.

Positive

• Third reorder from GGE indicates strong market demand for TAAT®.
• First shipment of menthol-flavored TAAT® Green enhances product offerings.
• TAAT® has received full commercialization authorization from the National Health Service in the UK.
• The U.K. market is viewed as strategically important for future growth.

Negative

• None.

As a result of continued success of TAAT® among adult smokers in the United Kingdom, the Company has received its third reorder for TAAT® from GGE, its U.K. distributor who has placed the product in retail stores located throughout South London. This reorder will be the Company’s first delivery to the United Kingdom containing TAAT® Menthol (sold as “TAAT® Green” in the U.K.)

LAS VEGAS and VANCOUVER, British Columbia, July 25, 2022 (GLOBE NEWSWIRE) -- TAAT® GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Company” or “TAAT®”) is pleased to announce that it has received its third reorder for TAAT® from its distributor for the United Kingdom, Green Global Earth (“GGE”). This purchase will be the second order shipped to the U.K. containing the Version III (“V3”) advanced formulation of Beyond Tobacco™; the nicotine-free and tobacco-free base material of TAAT®. It will also be the first U.K. shipment containing the menthol-flavoured version of TAAT®, which is to be sold in the United Kingdom under the name TAAT® Green. The Company plans to dispatch this shipment in approximately September 2022. GGE will support TAAT® through its retail distribution network along with consumer engagement platforms to build awareness and trial among adult smokers.

In the United Kingdom, TAAT® will be able to leverage its distinctive packaging and capitalize on the environmental pressures faced by traditional tobacco companies as well as other alternative product companies that have come under increased regulatory pressure. Of note, TAAT® has received full authorization to commercialize its product in the U.K. from the National Health Service.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35522426-6588-4184-80bd-731c5aeaf678

Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the Investor Relations section of the Company’s website for a version of this press release containing all published media.

TAAT® Chief Executive Officer Michael Saxon commented, “From my international experience in the tobacco industry, I know how complex launches in new jurisdictions can be and we are excited to build upon the initial success of TAAT®, to which this third reorder from GGE is a testament. The U.K. market is highly strategic for us because of the country’s leadership in the harm reduction conversation, and we are committed to making the U.K. a strong-hold for TAAT® in Europe. We look forward to continuing to work with GGE, with an objective of bringing TAAT® to even more adult smokers in 2022 and beyond.”

GGE Chief Executive Officer John Hilton commented, “We have seen first-hand the product improvements from the first iteration of Beyond Tobacco™ to the latest formulation, and we are excited to put our full support behind TAAT® V3. With other competitive products being removed from the market for compliance reasons, we believe reorders of TAAT® such as the one to be shipped in September will allow us to expand to new geographies and major retailers across the United Kingdom.”

On behalf of the Board of Directors of the Company,

TAAT® GLOBAL ALTERNATIVES INC.

“Michael Saxon”

Michael Saxon, CEO and Director

For further information, please contact:

TAAT® Investor Relations
1-833-TAAT-USA (1-833-822-8872)
investor@taatglobal.com

THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.

About TAAT® Global Alternatives Inc.

TAAT® develops, manufactures, and distributes alternative products in categories such as tobacco, hemp, kratom, and other emerging CPG segments. Its flagship product is a nicotine-free/tobacco-free combustible with a patent-pending base material formulation, sold in several thousand U.S. stores. With over CAD $80 million in overall gross revenue annually, TAAT®’s facilities include an operations centre in Nevada, as well as a distribution centre and multiple convenience stores in Ohio.

For more information, please visit http://taatglobal.com.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the anticipated performance of TAAT® in the tobacco industry, in addition to the following: Successful fulfillment of the reorder of TAAT® from GGE, anticipated continued performance of TAAT® in the United Kingdom, potential launches of TAAT® in other international markets in the future. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the tobacco markets; (iii) changes to the regulatory landscape applicable to the Company's business; and (iv) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

The statements in this news release have not been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking the Company’s products will vary from person to person. No claims or guarantees can be made as to the effects of the Company’s products on an individual’s health and well-being. The Company’s products are not intended to diagnose, treat, cure, or prevent any disease.

This news release may contain trademarked names of third-party entities (or their respective offerings with trademarked names) typically in reference to (i) relationships had by the Company with such third-party entities as referred to in this release and/or (ii) client/vendor/service provider parties whose relationship with the Company is/are referred to in this release. All rights to such trademarks are reserved by their respective owners or licensees.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating to investor relations firms retained by TAAT® Global Alternatives Inc. can be found under the Company's profile on http://sedar.com.

FAQ

What recent developments have occurred for TAAT Global Alternatives Inc. (TOBAF) in the UK?

TAAT has received its third reorder from its UK distributor GGE, including the first shipment of its menthol-flavored product, TAAT® Green.

When is the next shipment of TAAT products expected in the UK?

The shipment is expected to be dispatched in approximately September 2022.

How does TAAT plan to compete in the UK tobacco market?

TAAT aims to leverage distinctive packaging and regulatory pressures on traditional tobacco companies to enhance its market presence.

What is the significance of the National Health Service's authorization for TAAT in the UK?

The authorization allows TAAT to commercialize its product in the UK, which is crucial for its market strategy.

What is the expected impact of the latest reorder on TAAT's market strategy?

The reorder is seen as a testament to TAAT's initial success, and the company aims to establish a stronghold in the UK market.