June 2020: TAAT began trading on CSE
▪ Joe Deighan, Founder of TAAT, announces successful design of TAAT cigarettes and competition of the first phase of retail market testing in 50 locations in Nevada and Southern California
July 2020: Initial testing and distribution deals
▪ First full-scale test production run of TAAT Beyond TobaccoTM cigarettes was made confirming initial production of one million sticks per day
▪ TAAT Beyond TobaccoTM secures two U.S. distribution deals with combined 30,000 retail stores in 38 U.S. States and announces
commencement of second phase of testing for its Beyond TobaccoTM
August 2020: Big Tobacco alumni join executive team and private placement closed
▪ Setti Coscarella appointed Chief Executive Officer and Tim Corkum appointed Chief Revenue Officer
▪ Closed first tranche of its non-brokered private placement of 3,719,005 units at a price of $0.70 per unit for gross proceeds of ~$2.6 million ▪ Second iteration of TAAT Beyond TobaccoTM retail market testing inventory sold out in under 72 hours
September 2020: Commercial manufacturing agreement signed and U.S. patent filed
▪ Signed commercial scale low-cost manufacturing for Beyond TobaccoTM, which includes wharehousing and outbound logistics services
▪ Completed and filed a patent application with the United States Patent and Trademark Office for the proprietary refinement process of the
base material for TAAT Beyond TobaccoTM cigarettes
▪ Redesigned cigarette packages launched to align with brand positioning
▪ Entered into distribution talks with leading U.S. distributors and retailers of tobacco products
▪ TAAT received ~3.2 tons of TAAT Beyond TobaccoTM base material to start the six-week, 14 step process to prepare it for manufacturing
https://taatusa.com/wp-content/uploads/2020/10/...entation-Oct-20.pdf