TAAT(TM) (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) today announced that its flagship product TAAT(TM) is now being manufactured at a rate of more than 57,000 ten-pack cartons per month (over 690,000 cartons per year). According to the update, this represents a 233% increase from a production rate of 12 pallets per month to 40 pallets per month as of this week. The increase was prompted by sustained demand for TAAT(TM) in Ohio, as well as anticipated demand from smokers aged 21 and over in other U.S. states who will be able to purchase the product online directly from the company upon launch of its e-commerce portal this quarter. “Now that we are in the ‘execution’ phase on our roadmap to gaining penetration in the US$814 billion global tobacco industry, manufacturing our product has become even more crucial to our success, so that we can satisfy our proven demand with a consistent supply,” said TAAT(TM) Chief Executive Officer Setti Coscarella. “As we continue to place TAAT(TM) with tobacco retailers in Ohio, and as we prepare to launch the TAAT(TM) e-commerce portal this quarter, we have taken proactive steps to ensure a strong supply of TAAT(TM) is always on hand to fill orders, with more in the pipeline. More importantly, this has provided us the opportunity to begin forming standard operating procedures for scaling our manufacturing resources even further, which I believe could prove valuable in the near future.”
To view the full press release, visit https://ibn.fm/EAWN6
About TAAT(TM) Lifestyle & Wellness Ltd.
The company has developed TAAT(TM), which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in “Original,” “Smooth” and “Menthol” varieties. TAAT(TM)’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(TM) 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.
*British American Tobacco – The Global Market
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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