TAAT Global Alternatives (OTCMKTS:TOBAF) has made amazing strides in just 60 days, by securing 19 new relationships with U.S. wholesalers to carry TAAT, adding distribution in states like Virginia, Oregon, and Missouri, with population of 8.5 million, 4.2 million, and 6.1 million respectively.
Back in August 2021, the company had announced that it had obtained distribution in several new US states in only a couple of months. In September 2021, a press release states the count of TAAT retailers in U.S. had crossed 1000! About three weeks later, this record was broken when they announced that more than 1200 stores in the country now carry TAAT in retail.
TAAT is available for purchase by a majority of smokers aged over 21 in the U.S. via ecommerce. However, the company is also taking steps towards its first international launches in markets like Australia, United Kingdom, and Ireland. Now that it has added more than a dozen new distributors in the U.S., and started operations in its new manufacturing facilities in Las Vegas, Nevada in September, the company hopes to really scale up its commercialization of TAAT between increased production bandwidth and an expanded network of retailers. TAAT Chief Executive Officer Setti Coscarella is thrilled with the progress they have made and looks forward to further expansion.
Market Reaction:
On Friday, TOBAF stock surged 3.95% at $3.1600 with more than 51.76K shares, compared to its average volume of 150.05K shares. The stock has moved within a range of $3.0100 – 3.1600 after opening the trade at $3.0600.
