TAAT Global Alternatives Inc C.TAAT

Alternate Symbol(s): TOBAF

Healthcare Household & Personal Products

TAAT Global Alternatives Inc. is a vertically integrated consumer product and distribution company. The Company develops, manufactures, and distributes alternative product categories, such as tobacco and reduced-risk alternatives, hemp, kratom, and other emerging consumer packaged goods (CPG) segments. The Company operates through two segments: the sale of non-tobacco and tobacco products. The Company is developing nicotine-free and tobacco-free alternatives to traditional cigarettes. The Company utilizes a proprietary, patent-pending process (including a patent-pending refinement technique) with a blend of all-natural ingredients to provide smokers aged above 21 with an alternative to traditional cigarettes that do not contain nicotine or tobacco. The Company has facilities to include a processing plant in Nevada as well as a distribution center in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels.

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TAAT Global Alternatives Inc > Why TAAT paI CAD $8,890,000 for ADCO the value is only 5mili

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Post by Malibu333on Jul 09, 2023 9:14am

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Post# 35532561

Why TAAT paI CAD $8,890,000 for ADCO the value is only 5mili

According press release from 2022/02/26 TAAT paid ca. CAD $8,890,000 for ADCO.

See link below.

According to the last financial report ADCO has a fair value of ONLY 5,077,193

WHY THEY PAY NEARLY 4 MILLION MORE AS THE "FAIR VALUE".

THE FAIR VALUE IS SUBJECTIVE!!!!!
Intangible value and good will are over 2,8 million. That means the "real value" is maybe 1 to 1.5 million!!!!

See point 4 in financial report.
BUSINESS COMBINATIONS (cont’d)

ADCO Distributors, Inc. (cont’d)

The table below summarizes the fair value of the assets acquired and the liabilities assumed at the effective acquisition date:

Consideration paid during the year ended October 31, 2022 $

Fair value of shares issued 3,895,040

Cash paid 1,182,153

5,077,193

Link financial report:

https://webfiles.thecse.com/TAAT_Global_Alternatives_Ltd_FS_Apr_30_2023.pdf?o0JeX.vokDkf5msaVBxjIemWs5pg_jZM

Link to Press release from February 2022:

https://www.globenewswire.com/en/news-release/2022/02/26/2392598/0/en/TAAT-Enters-into-Agreement-to-Acquire-Ohio-Based-Distributor-to-Enhance-its-Position-in-the-U-S-Tobacco-Industry.html

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