TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) Founder Joe Deighan

TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) Founder Joe Deighan #taat #news #richtvlive #joedeighan #smoking #tobacco #trading #stocks - BASED TOBACCO DISTRIBUTOR BECOMES DEFINITIVE
LAS VEGAS and VANCOUVER, APRIL 21 2022 - TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Company” or “TAAT”) is pleased to announce that its agreement to acquire HLND Holdings, Inc. (“HLND”), which is to become the Company’s in-house distribution arm for the north-central region of the United States starting this year, is moving forward after the agreement has become definitive. In a press release dated February 25, 2022, the Company announced its initial agreement to acquire HLND for a purchase price of CAD $6,604,000 in cash and equity (full details of purchase terms are provided in the February 25, 2022 press release). The Company has made a payment of CAD $400,000 towards the CAD $1,254,760 cash portion of the purchase price. Closing of this transaction is expected to occur within ten business days, during which time the Company and HLND are implementing an agreed-upon tax structure. Through this acquisition of HLND, TAAT will obtain access to a network of more than 5,000 convenience stores in and around Ohio through a combination of direct and indirect relationships.

As TAAT becomes a national-scale brand in the tobacco alternatives industry, the Company is seeking to align its practices with certain industry leaders who have converted the distribution components of their respective supply chains into in-house business units to realize benefits that can include cost efficiency and improved visibility into the movement of product to the end consumer. In addition to TAAT and major brands of tobacco cigarettes, HLND also carries a full range of convenience store products such as candy, snacks, beverages, and paper products.