TAAT(TM) Lifestyle & Wellness Ltd. (CSE: TAAT) (OTCQB: TOBAF) Offers Innovative Smoking Alternative

Rhea-AI Summary

TAAT Lifestyle & Wellness Ltd. (CSE: TAAT, OTCQB: TOBAF) announced its inclusion in an editorial by NetworkNewsWire discussing significant opportunities in the global tobacco market, projected to reach $818 billion by 2020. The company aims to capture market share with its innovative, nicotine-free, and tobacco-free cigarette, TAAT. Launching initially in Ohio, the product has received positive feedback, leading to plans for expansion beyond its initial retail program. The global tobacco market's growth is expected at a CAGR of 1.8% from 2021 to 2028, with the US projected to contribute $50.9 billion in 2021.

Positive

• TAAT's innovative product targets the 1.3 billion smokers globally without nicotine and tobacco risks.
• Positive market reception has led to plans for expansion beyond Ohio retail.

Negative

• None.

NEW YORK, March 18, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — TAAT(TM) Lifestyle & Wellness Ltd. (CSE: TAAT) (OTCQB: TOBAF) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “Significant Opportunities in the Global Tobacco Market,” please visit: https://nnw.fm/h0UVv

Despite concerns connected with tobacco use, the global tobacco market reached an estimated $818 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 1.8% from 2021 to 2028; the United States is forecast to account for an estimated $50.9 billion of that in 2021. An innovative smoking alternative is set to snatch a slice of this billion-dollar industry.

Capitalizing on the opportunity, TAAT(TM) Lifestyle & Wellness Ltd. (CSE: TAAT) (OTCQB: TOBAF) (Profile) now offers the 1.3 billion smokers in the world a true smoking experience without the risks associated with tobacco and nicotine. The disruptive company is reshaping the smoking experience with the launch of TAAT(TM), a nicotine-free and tobacco-free cigarette. The launch of the product has recieved so much positive response both online and on the ground that the company already plans to expand beyond its initial retail program in Ohio.

About TAAT Lifestyle & Wellness Ltd.

TAAT Lifestyle and Wellness has developed TAAT,  which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $818 billion global tobacco industry.

For more information, please visit www.TAATGlobal.com.  

NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

NNW is where news, content and information converge.

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NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork

FAQ

What is the market potential for TAAT Lifestyle & Wellness Ltd. (TOBAF) in the tobacco industry?

The global tobacco market reached approximately $818 billion in 2020, with a projected CAGR of 1.8% from 2021 to 2028.

How is TAAT Lifestyle & Wellness Ltd. (TOBAF) innovating in the tobacco market?

TAAT offers a nicotine-free and tobacco-free cigarette, positioning itself to capture a share of the global market.

What is the initial market strategy for TAAT lifestyle & Wellness Ltd. (TOBAF)?

The company initially launched TAAT in Ohio and plans to expand its retail program due to positive feedback.

What are the projected earnings for the US tobacco market in 2021?

The US tobacco market is forecast to generate an estimated $50.9 billion in 2021.