REPEAT - TAAT Announces 2022/2023 Financial Outlook, Strategic Priorities, and Organizational Alignment

With integrated distribution, research, and commercialization capabilities following its acquisition of ADCO, the Company’s management is pleased to provide a detailed overview of its financial outlook, strategic priorities, and organizational alignment for the remainder of calendar 2022 as well as calendar 2023. At 4:15 pm Eastern (1:15 pm Pacific) on Wednesday, July 6, 2022, the Company will be hosting an information session via teleconference with CEO Michael Saxon and CFO Joel Dumaresq. Questions may be submitted in advance to TAAT Investor Relations.

LAS VEGAS and VANCOUVER, British Columbia, July 04, 2022 (GLOBE NEWSWIRE) -- TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Company” or “TAAT”) is pleased to provide a detailed overview of its financial outlook, strategic priorities, and organizational alignment for the remainder of calendar 2022 as well as the calendar year of 2023, in addition to formal guidance with respect to its forecasted revenue and sales. The Company recently built upon the 2,700-store U.S. footprint of its flagship product TAAT through the acquisition of an Ohio-based tobacco and convenience distributor with access to over 5,000 Ohio retailers in addition to three owned storefronts. Furthermore, with a robust sales pipeline curated over 60 years of operation, the distributor’s cash flow is expected to fortify the Company’s overall revenues long-term. The Company also continues to realize numerous benefits from the Version III (“V3”) formulation of the Beyond Tobacco formulation of TAAT, including greater satisfaction of adult smokers as well as manufacturing-related efficiencies with respect to cost and production velocity.

Highlights of TAAT Forecasts for 2022 and 2023

• The Company is now positioned to generate substantial revenue growth attributable to its acquisition of HLND Holdings, Inc. (“HLND”); parent entity of ADCO Distributors, Inc. (“ADCO”), as announced in a press release dated May 20, 2022;
• The Company anticipates approximately CAD $88,000,000 in sales between June 1, 2022 and May 31, 2023;
• Repeat orders (“reorders”) of TAAT, which comprised over 54% of the Company’s gross revenue in its Fiscal Q2 2022 (as detailed in its June 29, 2022 press release), are expected to continue at a steady pace as the Company attentively services its existing accounts while diligently capturing new market share;
• To exploit its recently acquired distribution capabilities, the Company plans to expand the scope of its offerings beyond TAAT Original, Smooth, and Menthol, with the objective of also becoming a global player in non-traditional smokable and non-smokable products; and
• Working towards a goal of shifting its model from being “product-centric” to “brand-centric”, the Company expects to benefit considerably from its enhanced management capabilities between ADCO executive team members as well as the addition of 20-year global tobacco industry veteran Michael Saxon as CEO of TAAT (announced in a press release dated June 20, 2022).