The average retail price for a pack of tobacco cigarettes in California is approximately USD $8.90, approximately 23% higher than the national average of USD $7.221. The Company has developed TAAT™, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in "Original", "Smooth", and "Menthol" varieties. References1 British American Tobacco - The Global MarketForward-Looking StatementsThis news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information in this news release includes statements regarding the anticipated performance of TAAT™ in the tobacco industry, in addition to the following: Outcomes from TAAT™ purchase orders made by California-based distributors. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information.

Source: CNN November 12, 2021 14:01 UTC