TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has closed on the strategic acquisition of Ohio-based tobacco distributor HLND Holdings Inc. The acquisition was designed to strengthen the company’s presence in Ohio, where it first launched TAAT(TM), its flagship product, as well as the north-central U.S. region. According to the announcement, HLND is the parent company of ADCO Distributors Inc., which was established in 1960 and has access to a substantial network of retailers throughout Ohio. ADCO was the first U.S. distributor of TAAT, the company’s game-changing tobacco-free and nicotine-free alternative to traditional cigarettes. “In less than two years, ADCO has generated wonderful results for us as a distributor, and has contributed to our growth from being a new competitor in the tobacco category to a brand sold nationwide as a better alternative to tobacco cigarettes,” said TAAT cofounder Joe Deighan in the press release. “With a network of over 2,500 U.S. retailers of TAAT, our business model has matured to the point that we can focus on creating strategic efficiencies by taking certain aspects of our operations in-house, such as distribution. The acquisition of ADCO can also fortify our financial position as ADCO will continue distributing its standard convenience product lines, which collectively generated over C$87 million in net revenues in calendar 2021. With this integrated distribution part of the company now that the acquisition has closed, we are an even stronger player in the $812 billion global tobacco industry where we are just getting started.”
To view the full press release, visit https://ibn.fm/DKn3t
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 $812 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.
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