TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has signed an agreement to acquire HLND Holdings Inc., the parent entity of a convenience and tobacco wholesaler based in Ohio. According to the announcement, TAAT anticipates that the acquisition will strengthen existing revenue sources and bolster its position in the United States. HLND currently serves more than 5,000 convenience stores through its direct and indirect relationships with independent and corporate retailers, including a network of regional subdistributors; the company also saw at least 10% net revenue growth from 2019–2021. According to TAAT, the acquisition is part of a strategic plan to convert certain aspects of its supply chain into wholly owned internal business units. “In competitive industries such as tobacco, long-term success largely depends on how self-sustaining and independent your operations are at a macro level,” said TAAT CEO Setti Coscarella in the press release. “TAAT has proven quite popular in the Midwest, and I believe that by owning a regional fulfillment center, we will be able to distribute our products more efficiently and more profitably as we continue to build market share. Additionally, with direct access to Ohio stores through HLND, we can test new offerings and initiatives, and overall gain an improved understanding of a product’s journey to market from a distributor perspective. HLND has proven to be a very reliable, insightful and beneficial business partner of ours since they began carrying TAAT. As such, we are excited about making them part of the TAAT(TM)family, where we anticipate they will be invaluable to us for growing our distribution, developing new products, and formulating strategies for commercializing TAAT on an even larger scale.”
To view the full press release, visit https://ibn.fm/KvwXx
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 $814 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.
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