LAS VEGAS and VANCOUVER, British Columbia, March 30, 2022 (GLOBE NEWSWIRE) — TAATÂ® GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the âCompanyâ or âTAATÂ®â) is pleased to announce that it has accepted an invitation from the multinational investment bank Jefferies Group (“Jefferies”) to present to the Jefferies Cannabis Summit Thursday, June 2, 2022 (revised from the original date of Wednesday, March 2, 2022). Taking place at the InterContinental Barclay in New York, the Jefferies Cannabis Summit is a one-day live event with global virtual attendance options where cannabis industry players will present their respective corporate presentations and participate in individual meetings. The Jefferies Cannabis Summit is an invitation-only event, attended exclusively by Jefferies clients who are mostly institutional equity investors. Although TAATÂ® is primarily positioned in the US$812 billion global tobacco industry, its use of hemp in the tobacco-free and nicotine-free Beyond Tobaccoâ¢ base material allows the company to participate in this event.
In 2021, Jefferies launched coverage of seven cannabis companies in the United States, assigning a “Buy” rating to each, describing this as a potential “generational wealth opportunity” in a report to its clients. At the same time, Jefferies estimated that the U.S. cannabis sector will grow at a rate of 14% from 2020 to 2030. Jefferies said he believes a limiting factor in the valuation of U.S. cannabis companies is the lack institutional support. According to his estimates, Jefferies calculated institutional ownership of US cannabis company stocks at 4%, compared to 15% for the Canadian cannabis space.1.
For more information about Jefferies, please visit the following website: http://jefferies.com
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On Thursday, June 2, 2022, TAATÂ® will present at the Jefferies Cannabis Summit; an invitation-only event for clients of Jefferies (a multinational investment bank), who are mostly institutional equity investors. Following the company’s presentation to investors, individual attendees can participate in one-on-one meetings with TAATÂ® to learn more about the company and its journey to capturing market share in the $812 billion global tobacco industry. U.S. dollars. The current version of the TAATÂ® investor presentation is accessible by click here.
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TAATÂ® Founder Joe Deighan said, âWe are grateful to have been invited to the Jefferies Cannabis Summit in New York, as it confirms us as a leading name in a space that Jefferies is clearly very excited about. . The reach of the cannabis industry is immense, and our new approach to leveraging hemp as a base material for a nicotine-free, tobacco-free alternative to tobacco cigarettes is a testament to the versatility of its biomass. I see this as a very unique opportunity for us, as institutional investors make up a significant share of the major tobacco company shareholders (for examplemore than 75% of the shares of Philip Morris International are held by more than 2,400 different institutions2), and putting TAATÂ® in front of an audience of institutional investors could be extremely beneficial to us as we seek to grow and strengthen our profile in the capital markets.
2 – https://finance.yahoo.com/quote/PM/holders?p=PM (data from Tuesday March 29, 2022)
On behalf of the Company’s Board of Directors,
TAATÂ® GLOBAL ALTERNATIVES INC.
Setti Coscarella, CEO and Director
For more information, please contact:
TAATÂ® Investor Relations
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About TAATÂ® Global Alternatives Inc.
The Company has developed TAATÂ®, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in “Original”, “Smooth” and “Menthol” varieties. The base material of TAATÂ® is Beyond Tobaccoâ¢, a proprietary blend that undergoes a patent-pending refinement technique that causes its scent and taste to resemble tobacco. Under the direction of management with the “Big Tobacco” pedigree, TAATÂ® was first launched in the United States in the fourth quarter of 2020 as the company seeks to position itself on the 812 billion dollars1 the global tobacco industry.
For more information, please visit http://taatglobal.com.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Often, but not always, forward-looking information and information can be identified by the use of words such as “anticipates”, “expects” or “does not expect”, “is expected”, “estimates “, “intends to”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declare that certain actions, events or results “could”, “might” , “would”, “could” or “will” occur, occur or be achieved. The forward-looking information in this press release includes statements regarding the anticipated performance of TAATÂ® in the tobacco industry, in addition to following: Occurrence of the Jefferies Cannabis Summit event on June 2, 2022, TAATÂ®’s participation in the event (whether virtually or live), potential results of the company’s presentation and attendance at the Jefferies Cannabis Summit. Forward-looking information reflects expectations of management based on currently available information and are subject to a number of risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in the preparation of forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur within the time periods disclosed or not. at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes in the growth and size of tobacco markets; and (iii) other factors beyond the Company’s control. The Company operates in a rapidly changing environment. New risk factors emerge from time to time, and it is impossible for the management of the Company to predict all risk factors, nor can the Company assess the impact of all factors on the business of the Company. Company or the extent to which any factor, or combination of factors, could cause actual results to differ from those contained in the forward-looking information. The forward-looking information included in this press release is made as of the date of this press release, and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. , except as required by applicable law.
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