TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has shared its financial results for second quarter 2021, the period ended April 30, 2021. Notable company highlights include the fact that revenue rose more than 300% sequentially over Q1, the TAAT e-commerce portal was launched, TAAT common shares upgraded to the OTCQX Best Market, and the company sponsored its first major sporting event and garnered mainstream media coverage in a “Forbes” article. All this occurred during the first full quarter in which TAAT(TM) was sold at retail. The game-changing smoking alternative is now sold in more than 300 Ohio retailers with new store placements in Illinois and Georgia and a distribution agreement in place for the United Kingdom and Ireland. The financial numbers show that company revenue reached C$691,484, an increase of approximately 317% compared to revenue of C$165,786 in Q1 2021; this increase reflected a faster-than-anticipated rollout and strong uptake at both the distributor and end-customer levels. “I am pleased to say that the rollout of TAAT is ahead of schedule, as reflected in our second quarter financial and operating performance,” said TAAT CEO Setti Coscarella in the press release. “We generated outstanding quarter-over-quarter revenue growth, and we expect that the trend will remain highly positive in the quarters to come as customer awareness and demand steadily increase. Our promotional efforts in the quarter enhanced awareness of TAAT among smokers aged 21+, positioning us to continue gaining market share. Feedback on TAAT brands has been highly favorable, which confirms the positive responses received in an extensive market research study conducted in Q2. We are rapidly growing our store rollout in Ohio, expanding to other states, and responding aggressively to unsolicited strong demand and positive market dynamics in Europe. With an anticipated listing on the Nasdaq Capital Market also pending, we see numerous catalysts that are expected to build enduring value for our shareholders.”
To view the full press release, visit https://ibn.fm/49Vig
About TAAT Global Alternatives Inc.
TAAT Global Alternatives 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 $814 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
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