The Company has been commercializing TAAT™ aggressively between its existing sales channels (both wholesale and B2C to smokers aged 21+) as well as contacts made at events such as trade shows to build distribution. In a press release dated
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5a2031cb-646d-41ff-b86a-b7a8c5021ed6
As of
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State | Population1 | Tobacco Use Incidence Rate2 | Average Total Cost of a Tobacco Cigarette Pack3 | ||
4.9 million | 19.2 | % | $ | 6.03 | |
39.5 million | 11.2 | % | $ | 8.90 | |
21.4 million | 14.5 | % | $ | 6.57 | |
10.6 million | 16.1 | % | $ | 5.53 | |
12.6 million | 15.5 | % | $ | 9.72 | |
9.9 million | 18.9 | % | $ | 7.67 | |
2.9 million | 20.5 | % | $ | 6.12 |
The table above provides data about each of the new states in which distribution for TAAT™ was added in the past two months. Smokers aged 21+ in states with particularly high tobacco cigarette prices can benefit from the comparably lower price of TAAT™ in addition to its unique properties as a nicotine-free and tobacco-free alternative to traditional cigarettes.
TAAT™ Chief Executive Officer
Sources
1 - https://www.census.gov/quickfacts/fact/table/MS,MI,GA,FL,CA,AL/PST045219
2 - https://www.cdc.gov/tobacco/data_statistics/fact_sheets/adult_data/cig_smoking/index.htm
3 - https://www.tobaccofreekids.org/assets/factsheets/0202.pdf
On behalf of the Board of Directors of the Company,
TAAT™ GLOBAL
“Setti Coscarella”
For further information, please contact:
TAAT™ Investor Relations
1-833-
investor@taatusa.com
THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.
About TAAT™ Global
The Company 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™, a proprietary blend which 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
For more information, please visit http://taatglobal.com.
References
1 British American Tobacco - The Global Market
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the anticipated performance of TAAT™ in the tobacco industry, in addition to the following: Potential outcomes from the addition of new distributors of TAAT™ in
The statements in this news release have not been evaluated by
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Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by TAAT™
Picture 1
As of August 17, 2021 , TAAT™ has confirmed distribution in seven new states (highlighted in red above), complementing its existing presence in Ohio (highlighted in green) where it is now sold in hundreds of retail stores after launching in Q4 2020. This distribution in new states also complements the Company’s existing e-commerce portal, which makes TAAT™ available to smokers aged 21+ in all eight states where TAAT™ is presently sold at retail, in addition to all states (as well as the District of Columbia ) highlighted in blue on the map above.
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