TAAT(R) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has entered into a definitive agreement with Boksburg Ventures Inc., an arm’s-length party, to acquire Break Free(TM), a smartphone application featuring multiple patent-pending mechanisms that enables users to holistically analyze smoking behaviors for the purpose of identifying cessation strategy. According to the announcement, TAAT believes that Break Free “could play a strategic role in the marketplace positioning of its flagship product TAAT(R), a nicotine-free and tobacco-free alternative to tobacco cigarettes.” Currently, TAAT products are available in thousands of retail stores across the United States an online at TryTAAT.com. The proposed acquisition is subject to the approval of Boksburg shareholders; shareholders will be voting on the transaction at a meeting scheduled for April 10, 2023. Break Free, which is currently in development, is designed to enable users to track smoking-related habits and analyze those habits; the app also provides customized cessation suggestions that are specific to each adult smoker to ensure personalized care and attention. TAAT anticipates completing the development of the app, including integrating additional features that are currently under patent applications with the U.S. Patent and Trademark Office.
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About TAAT Global Alternatives Inc.
TAAT Global Alternatives is a vertically integrated consumer product and distribution company, generating more than C$90 million in overall gross revenue annually. TAAT is strategically expanding its product categories including tobacco and reduced-risk alternatives, hemp, kratom and other emerging CPG segments. TAAT facilities 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. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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