TAAT Launches in Major New U.S. Market

With a smoking incidence charge of 15.5% amongst adults and a complete inhabitants of 12.67 million, Illinois represents a major alternative for the Firm to broaden its presence within the Midwest area of the USA. Thus far, TAAT™ has been positioned in 19 tobacco retailers in Illinois, bringing its nationwide retailer rely to over 300. At an MSRP of USD $4.59 per pack in Illinois, TAAT™ can understand a major benefit over incumbent tobacco cigarette manufacturers with the typical worth of a tobacco cigarette pack being USD $9.72, or almost 112% increased. Furthermore, Prepare dinner County (largest county in Illinois) imposes a USD $3.00 tax per pack of cigarettes along with taxes on the state and locality stage, making tobacco cigarettes bought in Prepare dinner County essentially the most taxed wherever in the USA.

LAS VEGAS and VANCOUVER, British Columbia, July 09, 2021 (GLOBE NEWSWIRE) — TAAT™ GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Firm” or “TAAT™”) is happy to announce that TAAT™ Unique, Easy, and Menthol are actually carried by 19 tobacco retailers throughout the state of Illinois (inhabitants 12.67 million, roughly 77.8% grownup), complementing new launch initiatives on the east coast for Georgia, North Carolina, South Carolina, and Alabama as introduced in a June 25, 2021 press release, in addition to ongoing launch efforts within the state of Ohio which started in This fall 2020. As of this writing, the Firm’s merchandise are bought in a complete of greater than 300 shops throughout the USA along with being bought on-line by way of e-commerce, with orders having been shipped to people who smoke aged 21+ in over 35 states since mid-February 2021.

Illinois was chosen as the subsequent market during which to launch TAAT™ for a number of strategic areas. Along with a smoking incidence charge amongst adults of 15.5%1 which is above the nationwide common of 14%2, Illinois borders on Indiana (inhabitants 6.7 million, grownup smoking incidence charge of 21.1%1) which additionally borders on Ohio, thus doubtlessly permitting TAAT™ to construct an preliminary presence on this state from its availability at retail in Ohio and Illinois. Furthermore, as of Might 2021, there have been roughly 150% extra pattern pack requests on TryTAAT from people who smoke aged 21+ in Illinois than in Nevada, the place the Firm’s operations are primarily based. The Firm has onboarded an area gross sales supervisor to cowl Illinois who has a number of years of expertise in tobacco gross sales with industry-leading companies to incorporate Altria (producer) and Eby-Brown (main tobacco wholesaler).

A photograph accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/44743b67-dc88-4f90-90c8-c334d930db75

Signage for TAAT™ is displayed within the entrance window of an Illinois tobacco retailer amongst signage for Marlboro and Newport, the 2 hottest tobacco cigarette manufacturers in the USA

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Most uniquely, the Firm has recognized a major alternative to capitalize on the excessive taxation charge of tobacco cigarettes in Prepare dinner County, Illinois. This county-level tax of USD $3.00 per pack is mixed with Illinois’ state-level tax of USD $2.98 per pack, along with locality-level taxes in Chicago, Evanston, and Cicero (USD $1.18, USD $0.50, and USD $0.16, respectively)³. In consequence, the typical tax-inclusive retail worth of a pack of tobacco cigarettes in Illinois is USD $9.72⁴, which is almost 112% increased than the MSRP of TAAT™ in Illinois of USD $4.59 per pack. In a examine of over 1,200 people who smoke aged 21+ in Ohio, Michigan, Illinois, and Pennsylvania performed by the Firm earlier this yr (introduced in a press launch dated April 14, 2021), over 65% of respondents who indicated a need to discontinue or minimize down on smoking cited the monetary burden of buying tobacco cigarettes as a purpose they disliked smoking cigarettes.

A photograph accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9b0f668-1326-4dab-935c-70cceec8fe5d

With a inhabitants of 5.2 million residents, Prepare dinner County is the second most populous county in the USA, second to solely Los Angeles County in California⁵. Mixed with state-level and sure locality-level taxes, Prepare dinner County levies its personal tax on tobacco cigarettes of USD $3.00 per pack, making tobacco cigarettes bought in Prepare dinner County essentially the most taxed within the nation³. With the typical tobacco cigarette worth per pack in Illinois being almost 112% increased than the usual TAAT™ MSRP of USD $4.59 per pack, the Firm might understand a major aggressive benefit on this market. Picture Supply:
Cook County, Illinois

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TAAT™ Chief Government Officer Setti Coscarella commented, “The chance for TAAT™ in Illinois is critical as there are properly over a million people who smoke aged 21+ within the state; lots of whom reside in Prepare dinner County and are subjected to the very best tax burden within the nation in the case of shopping for tobacco cigarettes. Proper from the start, we now have positioned TAAT™ in 19 tobacco retailers throughout the state, which we intend to leverage together with present on-line demand in Illinois to additional penetrate this market. We performed client analysis earlier this yr with people who smoke aged 21+ in markets to incorporate Illinois, and almost two thirds of respondents who said their need to go away nicotine behind specified that the price of smoking tobacco cigarettes was a contributing issue to this need. We’re happy to be making a greater different to tobacco cigarettes obtainable at a worth level that’s lower than half what the typical pack of tobacco cigarettes prices in Ohio, as we broaden our initiatives to seize market share within the USD $814 billion world tobacco {industry}.”

Sources

1 – https://www.cdc.gov/statesystem/cigaretteuseadult.html

2 – https://www.cdc.gov/tobacco/data_statistics/fact_sheets/adult_data/cig_smoking/index.htm

3 – https://www.tobaccofreekids.org/assets/factsheets/0267.pdf

4 – https://www.tobaccofreekids.org/assets/factsheets/0202.pdf

5 – https://www.census.gov/library/stories/2017/10/big-and-small-counties.html

On behalf of the Board of Administrators of the Firm,

TAAT™ GLOBAL ALTERNATIVES INC.

“Setti Coscarella”

Setti Coscarella, CEO and Director

For additional data, please contact:

TAAT™ Investor Relations
1-833-TAAT-USA (1-833-822-8872)
investor@taatusa.com

THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.

About TAAT™ World Alternate options Inc.

The Firm has developed TAAT™, which is a tobacco-free and nicotine-free different to conventional cigarettes provided in “Unique”, “Easy”, and “Menthol” varieties. TAAT™’s base materials is Past Tobacco™, a proprietary mix which undergoes a patent-pending refinement method inflicting its scent and style to resemble tobacco. Below government management with “Massive Tobacco” pedigree, TAAT™ was launched first in the USA in This fall 2020 because the Firm seeks to place itself within the $814 billion¹ world tobacco {industry}.

For extra data, please go to https://taatglobal.com.

References

¹
British American Tobacco – The Global Market

Ahead-Trying Statements

This information launch accommodates “forward-looking data” inside the that means of relevant Canadian securities laws. Usually, however not all the time, forward-looking data and data could be recognized by means of phrases akin to “plans”, “expects” or “doesn’t anticipate”, “is predicted”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will” be taken, happen, or be achieved. Ahead-looking data on this information launch consists of statements relating to the anticipated efficiency of TAAT™ within the tobacco {industry}, along with the next: Potential outcomes of TAAT™ launching in Illinois. The forward-looking data displays administration’s present expectations primarily based on data presently obtainable and are topic to quite a lot of dangers and uncertainties that will trigger outcomes to vary materially from these mentioned within the forward-looking data. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking data are affordable, undue reliance shouldn’t be positioned on such data and no assurance could be provided that such occasions will happen within the disclosed timeframes or in any respect. Components that might trigger precise outcomes or occasions to vary materially from present expectations embrace: (i) hostile market situations; (ii) modifications to the expansion and measurement of the tobacco markets; and (iii) different components past the management of the Firm. The Firm operates in a quickly evolving atmosphere. New threat components emerge every now and then, and it’s unimaginable for the Firm’s administration to foretell all threat components, nor can the Firm assess the influence of all components on Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary from these contained in any forward-looking data. The forward-looking data included on this information launch are made as of the date of this information launch and the Firm expressly disclaims any intention or obligation to replace or revise any forward-looking data whether or not on account of new data, future occasions or in any other case, besides as required by relevant regulation.

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