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Taat Lifestyle & Wellness Ltd. C.TAAT

Alternate Symbol(s):  TOBAF

Taat is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in "Original", "Smooth", and "Menthol" varieties. Taat's base material is Beyond Tobacco™, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with "Big Tobacco" pedigree, Taat is launching in the United States in Q4 2020 as the Company seeks to position itself in the $814 billion global tobacco industry.


CSE:TAAT - Post by User

Post by synectixon Apr 01, 2022 7:16pm
189 Views
Post# 34569040

HNLD

HNLDOn February 25, 2022, the Company entered into an agreement to acquire HNLD Holdings, Inc. (“HNLD”), the parent entity of a
convenience and tobacco wholesaler based in Ohio. The purchase price to acquire HNLD will be equal to CAD $6,604,000 or the
equivalent of approximately USD $5,200,000 (the "Purchase Price"), representing a valuation of CAD $8,890,000 or the equivalent
of approximately USD $7,000,000 (the "Valuation") less CAD $2,286,000 or the equivalent of US $1,800,000 debt outstanding on
the HNLD line of credit. The final Purchase Price on closing shall be adjusted accordingly as the sum of the Valuation less the
Debt Amount on the Closing Date. The Purchase Price shall consist of up to CAD $1,254,760 or 19% of the Purchase Price in cash
("Cash") and the remaining CAD $5,349,240 or 81% of the Purchase Price in Common Shares of TAAT™ (the "Consideration
Shares"). All shares will be paid 100% upon closing, and will be subject to a vesting schedule.
The transaction as contemplated in the agreement between the Company and HNLD is expected to close at a later date.

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