TAAT(TM) Lifestyle & Wellness (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has submitted its initial application to the Nasdaq Capital Market for its common shares to be listed and traded on the U.S. market. The move follows the company’s upgrade from the OTCQB Venture Market to the OTCQX market last month; the OTCQX tier is the highest available of the OTC Markets Group and requires a professional third-party sponsor introduction as well as other stringent guidelines. In the announcement, the company noted that trading on Nasdaq could allow TAAT to attract institutional and retail investors and expand its investor base in the United States as well as around the world. The listing would provide greater visibility for the company and potential increased liquidity of its common shares. “Ever since TAAT became publicly traded on June 22, 2020, we have made great strides in our efforts to gain market share in the USD $814 billion global tobacco industry,” said TAAT CEO Setti Coscarella in the press release. “Between listings in American and European markets, as well as our rapid ascension of the ranks in the OTC markets, I believe we have consistently strengthened our value proposition to investors around the world as a firm positioned to create long-term value in providing a better alternative to tobacco cigarettes for smokers aged 21+. We look forward to working with Nasdaq, Inc. in navigating this application process as I believe being listed on the Nasdaq Capital Market could considerably strengthen our long-term prospects as a public company.”
To view the full press release, visit https://ibn.fm/hyhcs
About TAAT Lifestyle & Wellness Ltd.
TAAT Lifestyle and Wellness has developed TAAT, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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