REPEAT - Columbus Area Tobacco Wholesalers add TAAT to their Offerings, Broadening Representation in Ohio - Seite 2

As announced in a December 28, 2020 press release, an additional shipment of TAAT is set to arrive in Ohio in Q1 2021 after being shipped from the Company’s contract manufacturer. It is anticipated that as the Company adds new points of sale, introduces additional TAAT inventory to the Ohio market, and continues its marketing initiatives targeted towards legal-aged smokers, it can establish a robust market position in its initial market in the United States.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5a906c10-fd99-446b ...

Map of Ohio divided into 14 regions showing the smoking prevalence rate of adults in each region based on 2015 data (Source: Ohio Department of Health)

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TAAT Chief Executive Officer Setti Coscarella commented, “We are thankful that ADCO has worked with us not just as a distributor to tobacco retailers in Ohio, but also by acting as a redistributor of TAAT to tobacco wholesalers who could bring TAAT to new regions of our initial market. As TAAT gets sold to legal-aged smokers in more areas of Ohio, we anticipate we will be able to gather insightful data regarding how the product performs in different markets. The smoking incidence rate in the Columbus region is the second-highest in the entire state, which is why I believe it is important for other tobacco wholesalers in ADCO’s network who operate in that region to carry TAAT. We look forward to seeing how TAAT performs through these wholesalers as we continue our launch efforts in the state of Ohio.”

TAAT Chief Revenue Officer Tim Corkum commented, “Having TAAT carried by additional distributors is not just a positive development because it expands our representation in Ohio, it is also a vote of confidence from these tobacco wholesalers who stock leading brand-name tobacco cigarettes such as Marlboro, Camel, and Newport. Columbus itself is the 14th most populous city in the United States, with a larger population than the city of San Francisco or even the entire state of North Dakota. We have aligned our expansion initiatives in both production and distribution to enable TAAT to be sold in more points of sale to meet anticipated demand from legal-aged smokers.”