- TAAT Global Alternatives (TAAT) has received a C$1,075,000 purchase order from a UK-based wholesaler
- The wholesaler has received authorization from Public Health England for TAAT products to be sold in the UK
- The company has developed TAAT™, a tobacco-free and nicotine-free alternative to traditional cigarettes
- TAAT Global Alternatives Inc. (TAAT) is up 4.70 per cent, trading at C$4.23 per share at 4:20 pm ET
TAAT Global Alternatives (TAAT) has received a C$1,075,000 purchase order from a UK-based wholesaler.
The wholesaler, based in London, England will be the exclusive distributor for TAAT™ in the United Kingdom and Ireland.
The distributor has also been granted a Confirmation of Registration to the Tobacco and Related Products and Regulatory Competent Authority from Public Health England, providing clearance for TAAT™ to be sold in England, Scotland, and Wales.
With the recent ban of menthol cigarettes in the United Kingdom, TAAT Menthol can provide legal-aged smokers with a familiar flavour profile that cannot be had with any combustible tobacco product in the country.
Additionally, TAAT™ will be sold in the United Kingdom at an attractive price point compared to leading brands of tobacco cigarettes, which stands to allow legal-aged smokers in the United Kingdom to benefit from cost savings by switching to TAAT™.
TAAT™ Chief Executive Officer Setti Coscarella commented,
“Less than four months after our distributor for the U.K. and Ireland placed their initial purchase order valued at C$149,000, we are very pleased to have already received a second order for several times that amount, in addition to clearance from Public Health England for TAAT™ to be sold in all of Great Britain.
We fully support Philip Morris International’s plan to stop selling tobacco cigarettes in the U.K., not just because it creates opportunities for us as we enter that market, but also because it validates what we’ve been saying all along… that smokers of legal age deserve access to a better choice than tobacco cigarettes.
After adding distribution for TAAT™ in seven new U.S. states in two months we are thrilled to be executing our first international launches as the next chapter in our journey to make TAAT™ a global brand in the USD $814 billion tobacco industry.”
TAAT Global Alternatives Inc. (TAAT) is up 4.70 per cent, trading at $4.23 per share at 4:20 pm ET.
