TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has released information regarding its Q1 U.S. sales volume, noting that an estimated 48% of overall sales comes from wholesale reorders placed by existing accounts. According to the announcement, the company’s retailers now number more than 2,000 in the United States, with additional independent store placements established through “cash-and-carry” wholesale warehouses; the company also has retail locations in the United Kingdom. The company pointed to several strategic efforts held throughout 2021 for that growth, including billboard campaigns, trade show participation and samples for retailers. “Given the amount of smokers aged 21+ who are actively looking for a better alternative to tobacco cigarettes, it is relatively easy to convert one-time initial purchases of just about any novel approach to delivering nicotine, whether that may be a vaping device, nicotine patches, or consumables such as gums and lozenges,” said TAAT CEO Setti Coscarella in the press release. “While the companies who make these alternative solutions will often boast about their initial popularity, you won’t frequently hear them talking about whether or not that popularity was sustained. . . . Because TAAT can offer a set of motions and sensations that are substantially similar to those enjoyed by smoking a tobacco cigarette, it is clear that many smokers aged 21+ who try switching to TAAT are sticking with it. This has been reflected by our rate of repeat wholesale orders, which currently makes up nearly half of our overall sales volume in the United States in the current fiscal quarter.”
To view the full press release, visit https://ibn.fm/w3NlZ
About TAAT Global Alternatives Inc.
TAAT Global Alternatives has developed TAAT, which is a tobacco-free and nicotine-free alternative to traditional cigarettes that is 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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