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TAAT Lifestyle & Wellness Ltd. - The Market Herald Canada
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  • TAAT™ (TAAT) finalizes leases for two Nevada facilities, increasing space for R&D, manufacturing, and operations
  • This space consists of a combined 28,483 square feet / 2,646 square metres
  • TAAT will maintain its current facility nearby at 4730 West Post Road, moving its executive offices to the 600 Pilot Road facility and adapting its current facility to a combination of warehouse space and offices
  • As for in-house manufacturing, TAAT presently manufactures its Beyond Tobacco™ base material in-house at its current facility using a 14-step process
  • TAAT™ Global Alternatives Inc. (TAAT) 3.75 per cent trading at C$3.85 at 2:29 pm ET

TAAT™ Global Alternatives (TAAT) has entered into lease agreements for two facilities in the Las Vegas, Nevada area near the McCarran International Airport.

This space consists of a combined 28,483 square feet / 2,646 square metres to be used for purposes to include research and development, manufacturing, warehousing, distribution management, and office space for executives, operational staff, and conferences.

As TAAT begins to scale its market presence in 2021 following the recent announcement of a C$149,000 purchase order intended for distribution in the United Kingdom and Ireland, as well as sustained operations in Ohio and online across the United States through e-commerce, TAAT™ is proactively assembling an expanded corporate infrastructure to facilitate anticipated growth.

The Hughes Airport Center is owned by BKM Capital Partners of Newport Beach, California, and consists of nearly 671,000 square feet / 62,338 square metres of office and industrial space with over 40 tenants.

The business park is strategically located in close proximity to the Las Vegas strip, the eighth-busiest airport in the United States, and Interstate highways 15 and 215.

TAAT™ will occupy the spaces located at 600 Pilot Road and 823 Pilot Road which will be primarily used for office and manufacturing/warehousing space, respectively.

TAAT will maintain its current facility nearby at 4730 West Post Road, moving its executive offices to the 600 Pilot Road facility and adapting its current facility to a combination of warehouse space and offices.

TAAT believes that with these facilities at its disposal, it will be better positioned to work towards several of its long-term business objectives. Provisional uses of the space in these facilities are detailed below.

For any future iterations of TAAT™ and Beyond Tobacco™ as well as additional products TAAT may later develop, internal laboratories dedicated to this purpose could accelerate TAAT's ability to innovate and remain competitive.

As for in-house manufacturing, TAAT presently manufactures its Beyond Tobacco™ base material in-house at its current facility using a 14-step process including a patent-pending refinement technique to create a tobacco-like taste and smell.

TAAT™ Founder Joe Deighan commented, "TAAT™ has come a long way from when we first opened our 4730 West Post Road facility which housed virtually all of our operations."

"Between finalizing the product, launching it in the United States in Q4 2020, and receiving our first international purchase order earlier this week, we foresee that this facility will soon reach its capacity," added Deighan

TAAT™ Global Alternatives Inc. (TAAT) 3.75 per cent trading at C$3.85 at 2:29 pm ET.

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