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TAAT Global Alternatives Inc C.TAAT

Alternate Symbol(s):  TOBAF

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.


CSE:TAAT - Post by User

Post by yycblackgoldon May 06, 2020 1:47pm
132 Views
Post# 30993986

Additional NR

Additional NROn February 12, 2020, the Company entered into a Share Purchase Agreement to acquire all of the issued and fully diluted outstanding shares of TT Enterprises Inc. d/b/a True Toke (“True Toke”).
The consideration payable by the Company for the purchase of True Toke consists of the issuance of 7,500,000 common shares of the Company (issued on February 24, 2020) and a payment of $50,000 (paid on March 18, 2020) on closing day. An additional $150,000 shall be payable by the Company upon the Company completing a financing of at least $500,000 post of concurrent listing of the Company’s common shares on the CSE. On February 24, 2020, the Company issued 525,000 common shares of the Company to an arm’s length party in connection with the acquisition of True Toke.
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