Frogzilla wrote: Very interesting news release, and on a Thursday nonetheless. So what is really in this release, we already know what the Baloney Brigade thinks, because its always the same. Here's my thoughts as an investor who assigns value to everything, pro or con!
First, and this is something I've mentioned many times, I believe Mike Saxon was hired to be CEO of TAAT from the very beginning, and the 1st paragraph in news release confirms my thoughts. Anyone who has not read the original press release of his hiring should read it, he's over qualified to run this company$
In May of 2022, TAAT® acquired the profitable distribution business ADCO Distributors Inc., enough said, profitable!!
The Company has reviewed its (ADCO'S) business plans and intends to emphasize new and emerging categories that have higher margins! IMO, this is code for cleaning house and making room for higher profit margin items, remember they are launching a new product in Feb, 2 months away and will need room for this product$
TAAT® is actively looking to expand ADCO’s distribution footprint both organically and through M&A. This is the 4th or 5th time management has alluded to M&A!!!
As many of us speculated, TAAT was having issues delivering product to the UK, but this is a new category of product and this is to be expected, stay tuned because these issues will happen again & again & again!
TAAT® is also in advanced conversations with distributors in three other European markets where the Company believes TAAT® will begin selling in 2023.
As of December 2022, TAAT® products are sold in over 800 stores in Las Vegas and 500 in San Diego, which represents approximately 40% and 30% of convenience retailers in each respective market.
On the Q3 Earnings Call 3 months ago, it was 35% Vegas and 25% San Diego or over 1000 stores. So we gained another 5% of the C-Store's in each market, or an additional 300 plus stores in just these 2 markets, in 3 months!
The iconic Texas retailer owns the world’s largest convenience store in New Braunfels, Texas and is actively supporting the TAAT® product line with in-store promotions.$
The TAAT® rollout throughout the GAMA network (combined total of approximately 1,800 stores) is expected to take a few months to complete.$$
The Company also has open dialogues with other major chains and cooperatives in Texas which are expected to begin selling TAAT® in 2023.
Beyond Alternatives: In Q4 2022, the Company created a new subsidiary called Beyond Alternatives. In addition to commercializing TAAT®, Beyond Alternatives will also begin to distribute other alternative products in growing categories. These new revenue streams are expected to drive short-term incremental revenue so that the Company can continue to invest in TAAT® as a category creator. The initial product will be launched at the February CHAMPS trade show in Las Vegas in 2023.$
Joel said a new product was about to be released, he was also asked about the launch of HNB, and said Joe would be the one to ask about HNB! So we know Joel was not referencing HNB!
What is this new product?? A SNUS POUCH?? TAAT ZERO? CBG PAIN RELIEF SMOKE? A KRATOM TEA? A METERED SYNTHETIC NICOTINE SMOKING SYSTEM??????
BEWARE OF THE MIMICKING BOBBLEHEADS, THEY KNOW NOTHING ABOUT THIS COMPANY AND ARE SCARED OF THE UNKNOWN!!
Trust your research, buy now, count later$
Ribbit