Repeat – Taat® Closes Acquisition Of Ohio-Based Tobacco Distributor
05/24/22, 11:01 AM
TAAT® GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Company” or “TAAT®”) is pleased to announce that it has successfully closed its acquisition of HLND Holdings, Inc. (“HLND”), after the deal became definitive as announced in the Company’s April 21, 2022 press release. HLND is the parent entity of ADCO Distributors, Inc. (“ADCO”), a tobacco distributor based in Canton, Ohio that was established in 1960 and currently has access to a substantial network of retailers throughout the state through direct and indirect relationships. In a press release dated October 6, 2020, the Company announced that ADCO made an initial purchase order of TAAT® after becoming its first U.S. distributor. After ADCO placed TAAT® in its first stores in the state of Ohio, TAAT® products were officially “on the market” in direct competition with cigarette products that contain tobacco. As of May 2022, the TAAT® retail presence in Ohio consists of hundreds of stores, which the Company plans to aggressively build upon through ADCO’s distribution network and commercialization resources.