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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 synectixon Apr 01, 2022 7:16pm
217 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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