NetworkNewsBreaks – TAAT Global Alternatives Inc
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Posted On: 07/19/2021 4:11:56 PM
NetworkNewsBreaks – TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) Provides Update on New Las Vegas Facility
TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has announced that work on its new facilities, which are located in Las Vegas and designed to ensure the company has ample capacity to meet forecast demand, is moving forward. Specifically, the company stated that all processing equipment, including mixers, shredders and conveyor belts, has been successfully moved into the new manufacturing facility with plans for additional machinery, including finishing equipment, to arrive in the coming weeks. Based on those dates, the company noted that the new manufacturing facility should be operational in August 2021. The announcement also noted that the new facilities will considerably increase TAAT’s total operating space and provide room for the creation of new internal departments such as digital content production and event management. The company’s new warehouse facility can store up to 400,000 pounds of TAAT’s Beyond Tobacco(TM) base material in a humidity-controlled space. Finally, the fulfillment station at the new warehouse is more than 200% larger than TAAT’s current fulfillment space. The announcement noted that TAAT management is also evaluating technologies and solutions that could further optimize in-house order fulfillment with this additional space. “Expanding and upgrading the company’s operating facilities after barely three calendar quarters of selling TAAT(TM) at retail is an excellent indicator of our progress in my opinion,” said TAAT CEO Setti Coscarella in the press release. “At this time last year, I was still at Philip Morris International, and TAAT was still offering ‘test’ iterations of the product to smokers aged 21+ in Nevada and California. Now that we have tobacco wholesalers in multiple markets distributing TAAT to more than 300 retail stores in addition to an e-commerce pipeline with clientele in 37 U.S. states, I believe it goes without saying that we could not continue operating out of the same facility if we’re looking to continue scaling our business. Everything is looking great so far, and we are excited to be making this expansion official in August, giving us the room we need to grow as an emerging player in the tobacco industry.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has announced that work on its new facilities, which are located in Las Vegas and designed to ensure the company has ample capacity to meet forecast demand, is moving forward. Specifically, the company stated that all processing equipment, including mixers, shredders and conveyor belts, has been successfully moved into the new manufacturing facility with plans for additional machinery, including finishing equipment, to arrive in the coming weeks. Based on those dates, the company noted that the new manufacturing facility should be operational in August 2021. The announcement also noted that the new facilities will considerably increase TAAT’s total operating space and provide room for the creation of new internal departments such as digital content production and event management. The company’s new warehouse facility can store up to 400,000 pounds of TAAT’s Beyond Tobacco(TM) base material in a humidity-controlled space. Finally, the fulfillment station at the new warehouse is more than 200% larger than TAAT’s current fulfillment space. The announcement noted that TAAT management is also evaluating technologies and solutions that could further optimize in-house order fulfillment with this additional space. “Expanding and upgrading the company’s operating facilities after barely three calendar quarters of selling TAAT(TM) at retail is an excellent indicator of our progress in my opinion,” said TAAT CEO Setti Coscarella in the press release. “At this time last year, I was still at Philip Morris International, and TAAT was still offering ‘test’ iterations of the product to smokers aged 21+ in Nevada and California. Now that we have tobacco wholesalers in multiple markets distributing TAAT to more than 300 retail stores in addition to an e-commerce pipeline with clientele in 37 U.S. states, I believe it goes without saying that we could not continue operating out of the same facility if we’re looking to continue scaling our business. Everything is looking great so far, and we are excited to be making this expansion official in August, giving us the room we need to grow as an emerging player in the tobacco industry.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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