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I added a bit today just in case people front ran the gap. Good timing. News out.
https://www.globenewswire.com/news-release/2021/04/16/2211837/0/en/Texas-Based-WWV-Places-CAD-1-25-Million-Order-of-TAAT-for-Distribution-to-its-Retail-Partner-Network-Spanning-38-U-S-States.html
2.77CAD
We were so close to starting to fill that gap today and we had to bounce. I just want it over and done with lol
Yes they actually have a minimum listing requirement of $4USD per share but under certain conditions can list at $3. In my opinion, I believe if they go with the "under certain conditions" they would want to be well above it, but ideally the $4 minimum is still best. So as far as NASDAQ up list, I wont count on it until they're trading well above where they are now.
Unfortunately TAAT needs to be above 3$ USD to be listed on the NASDAQ. All other requirements have been met by the company but that one. IMO I doubt the company would up list unless they're well above it so they get to stay on there. We will see what the next 6months brings us.
One thing thats alarming is this;
https://www.globenewswire.com/news-release/2020/12/11/2144038/0/en/TAAT-Arrives-in-Ohio-Distributor-Receives-CAD-150-000-Shipment-of-TAAT-to-Fill-Pre-Orders-from-Ohio-Tobacco-Retailers.html
So if the initial order was 150k... then they only bought 15k more over the month that followed? That's why I was hoping for 300k+ on this Q. I'm not sure what to make of those numbers unless its was 150k worth at buy1get1 so really only 75k was paid initially.
TAAT Q1 Financial Audit:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024587
Overall I would rate it "ok". Thought the numbers would be a bit stronger but there are some good points apart from that;
Roughly 165k sold, but they were only in 20 stores so that should be ok going forward now they have close to 200 and ecommerce. It was also buy1get1. I was hoping for over 300k personally.
5.8mil loss. Not as bad as I thought, they're relatively conservative.
19mil cash on hand. More than I thought they'd have. Dont think they need to dilute as soon as most thought but well see.
Out of the 165k, 99k was profit so margins are good, once they get rolling they should be able to make this even better especially with other states being more for a pack.
500k worth in inventory end of Jan, seems low to be honest. They did however quadruple capacity at end of February so that's good. They definitely need a bigger facility to expand though.
No forward looking statements unfortunately.
Gimme that 2.77 gap fill please. Still a ways away but definitely not out of question.
Unfortunately overall market weakness isn't helping. If we continue to grind down the gap may indeed fill at 2.77CAD.
I made a mistake when I said they should've reported their Q1 numbers already. I assumed it was for period ending Dec 31st but their Q's look to be off by one month compared to most companies. Last annual ended Oct 31st so Q1 should be Nov 1st - Jan 31st.
In saying that, I would imagine we should see the results in the first couple weeks of April. The good thing about this is we'll see just over a month on the Q of sales rather than under 2 weeks.
My buddy Julian and I put together a TAAT presentation on his youtube channel, Kinetic Finance. Check it out!
This pullback not ideal... giving up Fridays move in 1st hour of trading. Daily lowerhigh set.
It could still break out, but ideally I would want it to get closer to 5 then trade sideways for a bit. A daily Higher Low and trend change to break 5.25 most ideal. Forming a base and having people accept the sideways level is better than an elevator up, where people rush to take profit, just to make another elevator down and have us back where we started. Hitting 5.25 would be a 40% move from the low of 3.74, moves like that provide instability. All imo of course.
Great move off the lows yesterday and today. The last daily resistance is 5.25 so the most likely scenario is still a daily lower high as we have only just passed a 50% retracement. A break of that resistance would be notable, but imo we will see some slight consolidation before we test it.
Where is TAATs Q1 Financials...? I know they released their fiscal 2020 recently but there should have been an announcement at least for Q1 ending Dec 31st. Most companies do them 2-3 months afterward but TAAT hasn't announced anything yet. We wanna see numbers for actual sales, even if it's only 2 weeks worth.
Lower highs lower lows on the daily. We will keep this bleed going until the trend changes. As of right now, to do that we need to break 5.25... and that's a little ways away. There is lots of room for a bounce at some point though imo.
Lower highs lower lows. Simple daily downtrend with overall market weakness. Personally, I will take this opportunity to get some more.
TAAT snuck out their Financials for year ending October 31st 2020. You can find them on Sedar. Nothing we didn't already know. The fins for quarter ending December 31st should also be out in near future.
https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024587
Trend is your friend. Lower highs and lower lows for now.
I'm glad that all of us on this board found this company in its infancy. It is going to do very well.
I've been handing packs out to smokers, roughly 20 or so people. I've had 2 negative reviews, 1 was the person saying it didn't taste anything like a cigarette and slightly like weed, but then they said "but it tastes better" and asked for another one. The other flat out didn't like it. As for the other 18 nothing but good things to say.
I find most people don't like the smooth but the census is that menthol is overall better than a regular menthol cigarette and the original also close to a cigarette but a better taste, most just would like it to be stronger. A family friend grabbed 5 packs and actually used them instead of cigarettes with no issues on withdrawal. They've been smoking for 40 years and said this is a no brainer.
Know what you own. Go TAAT.
The good news flow won't help us out too much as long as the market keeps dumping. Hopefully we find our bottom soon.
The gap technically didn't close by 2cents. Gap at 3.83USD/4.86CAD we hit a low of 3.85/4.88. There's also gaps at 3.27USD/4.15CAD and 2.15USD/2.62CAD.
One thing I have to stress is many people have the belief that all gaps fill. Well all I say to those people is look at NFLX from 2013-2016. Those will most likely never fill.
Germans gave us Canucks and Yankees a gift this morning
States not being shipped to include;
Hawaii, Idaho, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, New York, South Carolina, South Dakota, Texas, Utah.
- thanks Frog
What I don't understand is why not Hawaii, Massachusetts, New York? The others make sense because of the state regulations against CBD but those 3 would be big markets to be in and have more lax rules on CBD. We'll see in near when those get added imo!
They are some states that don't have legal CBD regulations regardless of it being federally legal.
https://www.greenmarketreport.com/are-there-any-states-that-restrict-cbd-products/#:~:text=Here%20is%20the%20list%20of,or%20the%20hemp-based%20CBD.
Unreal day today for TAAT. Many more to come! The real test will be tomorrow to see whether people sell the news or we keep going. We'll see!
TAAT (2TP2) is trading at 3.52EUR in Frankfurt. Equivalent to 5.42CAD or 4.26USD. Let's rock n roll!
Also Frogzilla, I know you skim through this board, the 12 states that TAAT isn't selling to are most likely Indiana, Kansas, Kentucky, Mississippi, North Carolina, South Carolina, South Dakota, Tennessee, Texas, Idaho and Nebraska.
This is why; https://www.greenmarketreport.com/are-there-any-states-that-restrict-cbd-products/#:~:text=Here%20is%20the%20list%20of,or%20the%20hemp-based%20CBD.
Awesome! Glad to be in it!
Very impressive dip buy on TAAT today. Was expecting a few days of consolidation but bulls made a statement today. Right on!
Interesting...
Phillip Morris $PM did an investor presentation today ...
— Betting Bruiser (@BettingBruiser) February 10, 2021
1 pillar of it’s forward looking revenue: “Beyond Nicotine”
Who owns the trademark “Beyond Nicotine” ... $TAAT $TOBAF @TAATGlobal
CEO Setti Coscarella also came from Phillip Morris #PotStocks https://t.co/POrndNGdXb pic.twitter.com/s850smOov8
New all time high on deck let's go!
TAAT with a solid week closing up 46% since last Friday. I'm sure there will be many more weeks like this to come.
Biggest takeaways from the FB Live with Setti;
If someone films themselves (in usa) doing a testimonial for taat and sends it to hello@taatusa.com they will ship them a free carton and advertise it.
Setti sees a 40bil valuation being possible. RLX is valued at 47bil and makes 300mil a year. They only need 1 out of 200 people to like TAAT to be getting 500mil a year.
In saying that he said they've given it to over 200 people and way more than 1 like the product.
Online store announcement will be in the coming days and he smiled. ;)
Big news out! Partnership with CROSSMARK for access to 100,000 US stores!
https://www.globenewswire.com/news-release/2021/02/02/2168593/0/en/TAAT-Finalizes-Engagement-with-Omnichannel-CPG-Sales-Agency-CROSSMARK-With-Access-to-Over-100-000-U-S-Convenience-Stores.html
I wonder why TAAT hasn't upgraded to the TSX yet. The requirements for NYSE/NASDAQ they don't have, so I understand them not upgrading there just yet, but no reason they can't be on TSX. Maybe we will see that soon!
For sure buddy. I'm just saying majority of people waking up to 58% over are gonna take profit. If I would have sold some I would have already bought my shares back. We know what this can do.
Honestly today screamed a sell the open. Gap ups are for selling, gap downs are for buying. TAAT opened up 58%!! A lot of people a likely gonna take that money and run all day. Unfortunately, I was driving and couldn't get my orders in. At this point though, where we are now, I'm holding.
Looks like its about to have its biggest volume day ever. More eyes are on them now than ever. Looking forward to earnings and guidance.
We are aware of what this thing can do, now more than ever. Good luck out there.
Here's the link. https://www.reddit.com/r/Baystreetbets/comments/l8v57i/beyond_tobacco_taatcsetobafotc_heres_my_dd/
Forgot to post earlier lol.
Wow its been a hell of a year this month haha! So much TAAT news. I posted my summarized DD for TAAT on the r/baystreetbets sub yesterday. (WSB wouldn't let me post) If we could get some likes to bring even more attention to it that'd be great! Lots going on. TAAT is going to be a force to be reckoned with!