When a company’s product is distributed well and is available at a large number of points of sale, then it is a big positive. Hence, it was perhaps no surprise that the TAAT Global Alternatives Inc (OTCMKTS:TOBAF) stock jumped by as much as 7% on Friday after the company made a major announcement with regards to the retail presence of its tobacco and nicotine free product TAAT.
TAAT Global announced that the product is now available for purchase at as many as 1000 points of sale in the United States alone. It should be noted that the figure also includes the retail points of sale in Puerto Rico.
That is a significant development considering the fact that the product was only launched in December last year in Ohio. On the other hand, the cumulative sales of the product now stand at more than 600,000 packs. That amounts to consumption of twelve million plus sticks by consumers who are looking for a better choice for smoking.
Last month the company had actually announced that it had got distribution partners for the product in as many as seven additional states in the United States. It remains to be seen if the stock continues to rally today or not.