TAAT Global Alternatives to Acquire Premium Products LLC
Vancouver, BC -- January 27, 2025 -- NewsGenie -- TAAT Global Alternatives, Inc. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) has entered into a definitive agreement to acquire Premium Products LLC. The acquisition, expected to close in early February 2025, is subject to customary conditions and regulatory filings.
Premium Products is a distributor in the alternative product space with a diverse portfolio, including Delta-9 chocolates, gummies, and disposable vape devices, along with non-tobacco nicotine alternatives and wellness-focused beverages.
The acquisition aligns with TAAT’s strategy to diversify its product offerings and tap into new markets. The consideration will be 10,882,353 common shares of TAAT, issued at $0.17 per share, subject to a four-month hold period. Premium Products will operate as a wholly-owned subsidiary of TAAT.
TAAT continues to see demand for its Beyond Tobacco™ cigarettes, which reflects a broader consumer interest in wellness-focused alternatives. The acquisition will enhance TAAT’s ability to meet evolving consumer demands with a wider array of products.
Joel Dumaresq, CFO and Director of TAAT, noted the company's continued organic growth and the strategic importance of the acquisition.
TAAT® Global Alternatives Inc. is a consumer product company specializing in alternatives to traditional CPG categories, operating from its Ohio distribution center.