Jun 8, 2022
TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) flagship product is now being carried in more than 80 southern California locations after an in initial group of stores began carrying the product approximately eight weeks ago. The stores are franchise locations of a major global convenience chain. According to the company, more than one-third of the initial group of stores have already placed reorders for TAAT, the company’s nicotine-free, tobacco-free cigarette alternative; the product is now available in more than 100 locations. The company anticipates emphasizing its menthol-flavored option in the Los Angeles area, following the city council’s recent ban of sales of flavored tobacco products. These stores are part of a chain of more than 9,300 stores in the United States and more than 70,000 stores worldwide. “The Southern California FOA is a very strong community of franchise owners in this global convenience chain, in which word gets around very quickly about great new products that can be carried,” said TAAT founder Joe Deighan in the press release. “Virtually all convenience stores sell tobacco cigarettes in the standard brand varieties, but outside of noncombustible offerings such as vaping, there are very few alternatives to legacy products in this category. TAAT initially performed well in the first 23 stores, and in eight weeks that has led to a 35% reorder rate as well as store count growth of about 400% just within the southern California FOA alone. We are excited to be growing our footprint in this region, especially as TAAT Menthol can soon become positioned to capture market share in Los Angeles based on the upcoming ban of flavored tobacco sales, from which our products will be exempt as they do not contain tobacco.”
To view the full press release, visit https://ibn.fm/zDQn1
About TAAT Global Alternatives Inc.
TAAT develops, manufactures and distributes alternative products in categories to include tobacco, hemp, kratom and other emerging segments of the CPG industry. Its flagship product is a nicotine-free, tobacco-free cigarette with a patent-pending base material formulation, sold in more than 2,700 U.S. stores. TAAT reported an estimated C$80 million in overall net revenue in 2021 and operates a manufacturing plant in Nevada as well as a distribution center and multiple convenience stores in Ohio. 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 InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
President Trump on Sunday morning announced the creation of the "Super IntelligenceForce" amid his push to keep the U.S. in the lead on artificial intelligence development after warnings from the technology's researchers. The task force will be led by Director of National Intelligence Jay Clayton, whom The Wall Street Journal reported is expected to be...
Once the Paramount and Warner Bros. merger is finalized, the resulting media empire will fall under a new name.
The objective of NASA's machines is to act as a hands-on support team for the crew while on the moon.
Sens. Bernie Sanders (I-Vt.) and Jeff Merkley (D-Ore.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) unveiled legislation Friday to ban federal agencies from using automatic license plate readers (ALPRs). The bill, titled the Ban Flock Act, would both prohibit federal agencies from ALPR usages and pause federal grant funding to state and local governments with ALPR contracts....
Amazon plans to invest $1 billion in communities where it builds data centers over the next five years, the company announced Friday. The e-commerce and cloud computing giant will put the funds toward free community college and workforce training for residents, as well as energy efficiency upgrades. "We understand why there is apprehension in some...
The memo instructs the department to treat delays in the employment of anti-drone technology as an "operational risk."
The signing of an AI accord by President Trump and tech leaders has done little to quell concerns over the lack of guardrails surrounding artificial intelligence. While Trump says industry officials can self-police, critics say more is needed to make sure AI development doesn’t get out of hand, even as some described it as a...
Diogo Almeida was one of the fathers of ChatGPT, but he believes his creation has failed to deliver.
The leading Democrat on the House's select committee to investigate the Chinese Communist Party (CCP) is calling on the U.S.'s leading artificial intelligence labs for information on Beijing's alleged efforts to steal model weights from their firms. Rep. Ro Khanna (D-Calif.), the ranking member of the House Select Committee on the CCP, requested data Thursday...
The firm managing President Trump’s $TRUMP meme coin announced it is hosting an “exclusive” gala for the top 185 holders of the coin, featuring the president as a speaker. “An evening with 3 Legends and President Donald J. Trump — plus a private meet & greet with a legend to be announced,” the description of...
The contents of the letter had remained a mystery since it was sent to one of his senior generals in 1809.
California Attorney General Rob Bonta (D) said Thursday he served OpenAI with a subpoena as part of a probe into cybersecurity incidents involving the ChatGPT maker. Bonta previously opened an investigation into the company after its AI agents hacked into the tech startup Hugging Face. But he said the recent subpoena was part of a...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.