TAAT Global Alternatives Inc (OTCMKTS:TOBAF) on September 17, 2022, announced dispatching a”full-container” shipment of TAAT to the United Kingdom.
Trading Data
On Friday, TOBAF stock fell 4.20% to $0.8695 with more than 11.15K shares, compared to its average volume of 36.81K shares. The stock moved within a range of $0.8374 – 0.8835 after opening trade at $0.8700.
TAAT® Dispatches Largest U.K. Shipment to Date for Expanded Distribution
This marks the firm’s biggest U.K. shipment to date, about three times the amount of product sent earlier. It will be utilized for expanding the distribution of TAAT outside the Greater London area into more markets in the southeastern region of the United Kingdom, which the firm is coordinating with Green Global Earth.
TAAT Chief Executive Officer Michael Saxon said that the current year has been an adventure as the company has expanded to the UK.
Saxon added that the firm faced some challenges in the supply chain but was customary, as it was a new product. The CEO believes that the company is at the end of the early-stage hurdles and can commence shipping regularly to the UK.
Furthermore, Saxon said that he was in London working directly with partners earlier at GGE for planning on how to carry out upcoming expansion within the country. The CEO also said that he would be returning later in the year to discuss plans for 2023.
In July 2022, TAAT announced receiving a third reorder from GGE. Adult smokers in the United States and the United Kingdom have suggested that the experience of smoking V3 is enjoyable.
Key Quote
TAAT® Chief Executive Officer Michael Saxon commented, “So far, 2022 has been an adventure as we expanded internationally into the United Kingdom. Certain challenges we have faced in the supply chain are customary, especially for a new product like TAAT®. We believe we are at the end of those early-stage hurdles and we can begin to ship more regularly to the U.K., as our first international market. I was in London earlier this week working directly with our partners at GGE to plan how exactly we will carry out our upcoming expansion within the United Kingdom, and I will be returning later this year to discuss our plans for 2023.”
Technical Data
TOBAF stock is trading above the 20-Day and 50-Day Moving averages of $0.85 and $0.84 respectively. However, the stock is trading below the 200-Day moving average of $1.21.
