TAAT® Announces 2022/2023 Financial Outlook, Strategic Priorities, and Organizational Alignment

LAS VEGAS and VANCOUVER, British Columbia, July 01, 2022 (GLOBE NEWSWIRE) -- TAAT® GLOBAL ALTERNATIVES INC. (CNSX:TAAT.CN) (OTCQX:TOBAF) (FRANKFURT:2TP) (the “Company” or “TAAT®”) is pleased to provide a detailed overview of its financial outlook, strategic priorities, and organizational alignment for the remainder of calendar 2022 as well as the calendar year of 2023, in addition to formal guidance with respect to its forecasted revenue and sales. The Company recently built upon the 2,700-store U.S. footprint of its flagship product TAAT® through the acquisition of an Ohio-based tobacco and convenience distributor with access to over 5,000 Ohio retailers in addition to three owned storefronts. Furthermore, with a robust sales pipeline curated over 60 years of operation, the distributor’s cash flow is expected to fortify the Company’s overall revenues long-term. The Company also continues to realize numerous benefits from the Version III (“V3”) formulation of the Beyond Tobacco™ formulation of TAAT®, including greater satisfaction of adult smokers as well as manufacturing-related efficiencies with respect to cost and production velocity.