$TAUG Tauriga Sciences Inc. Increases its Product
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Posted On: 01/08/2021 9:33:13 AM
$TAUG Tauriga Sciences Inc. Increases its Product Liability Insurance Coverage to $10,000,000
https://www.otcmarkets.com/stock/TAUG/news/Ta...?id=285628
NEW YORK, NY, Jan. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two ongoing Biotechnologies initiatives, today announced that it has increased its product liability insurance “Aggregate” coverage to $10,000,000 (previously it had been $8,000,000). This increase was completed due to substantial levels of interest (from potential retailers and major distributors), in carrying the Tauri-Gum™ product line. The Company has been evaluating a number of opportunities and is specifically cognizant of margins and quality of revenue – when it comes to choosing the right distribution partner(s) or retailer(s) to enter into relationships with. The Company also recently disclosed, the development of a 7th SKU of its flagship brand Tauri-Gum™.
In other news, the Company continues to experience overall strength in its highest margin E-Commerce business segment. On Thursday January 7, 2021 the Company established a new daily record (“24-hour period”) for the # of individual online orders with 111 (the previous record had been 103, set on November 25, 2020).
Lastly, effective January 6, 2021, the Company has officially moved to a new corporate headquarters:
Please see Below:
Tauriga Sciences Inc.
4 Nancy Court, Suite 4
Wappingers Falls, NY 12590
This change in corporate headquarters was enacted for safety and efficiency purposes, in response to the continued surge of the Pandemic.
https://www.otcmarkets.com/stock/TAUG/news/Ta...?id=285628
NEW YORK, NY, Jan. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two ongoing Biotechnologies initiatives, today announced that it has increased its product liability insurance “Aggregate” coverage to $10,000,000 (previously it had been $8,000,000). This increase was completed due to substantial levels of interest (from potential retailers and major distributors), in carrying the Tauri-Gum™ product line. The Company has been evaluating a number of opportunities and is specifically cognizant of margins and quality of revenue – when it comes to choosing the right distribution partner(s) or retailer(s) to enter into relationships with. The Company also recently disclosed, the development of a 7th SKU of its flagship brand Tauri-Gum™.
In other news, the Company continues to experience overall strength in its highest margin E-Commerce business segment. On Thursday January 7, 2021 the Company established a new daily record (“24-hour period”) for the # of individual online orders with 111 (the previous record had been 103, set on November 25, 2020).
Lastly, effective January 6, 2021, the Company has officially moved to a new corporate headquarters:
Please see Below:
Tauriga Sciences Inc.
4 Nancy Court, Suite 4
Wappingers Falls, NY 12590
This change in corporate headquarters was enacted for safety and efficiency purposes, in response to the continued surge of the Pandemic.
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