TAAT Global Alternatives Inc (OTCMKTS:TOBAF) Stock Continues to Gain Momentum: Now What?

TAAT Global Alternatives Inc (OTCMKTS:TOBAF) on August 4 announced that its three flavors are being carried now by 19 tobacco retailers across the state of Illinois.

This complements its new launch initiatives in Georgia, North Carolina, South Carolina as well as Alabama in June besides the launch efforts in the state of Ohio. The firm’s products are soldin over 300 stores across the country besides the online sales to smokers aged 21+ in over 35 states since mid-February 2021.

Illinois was selected for several reasons including the smoking incidence rate being 15.5% in adults, above the national average of 14%.  The firm onboarded a local sales manager to cover Illinois having many years of experience in tobacco sales with leading companies including Altria (manufacturer) and Eby-Brown (major tobacco wholesaler).

The company also announced that its flagship product has been placed in 71 new retail points of sale throughout the state of Georgia, taking the total store count to over 400. TAAT confirmed on pre-selling the entire initial shipment of 15 master cases to a distributor based in Alpharetta, Georgia.

In 2021, the firm has seen good traction as an alternative to tobacco cigarettes for smokers aged 21+. TAAT Chief Executive Officer SettiCoscarellasaid that by the end of Q2 2021, the firm had proven popular in Georgia with e-commerce orders as well as free pack requests amounting to about 14% and 20% of the respective numbers for Ohio.

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