One stock that could pop onto a lot of radars this week is Tauriga Sciences Inc (OTCMKTS:TAUG). The company is a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (flavors include Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, and Black Currant) as well as two ongoing Biotechnology initiatives.
The key focus here is cannabinoid-based chewing gum, and the company is already generating significant sales.
TAUG hit the ground running on Monday with three major releases, each of which carry definite implications for the company’s ability to generate returns in the future for its shareholders.
Blitzing the Supermarkets
First off, the company announced that it has become a certified Supplier at a number of major supermarket chains, including Food Lion, Stop & Shop, Giant, Hannaford, Martin’s, and Peapod.
According to its release, the company is operating through the SupplierOne Platform, which is used by more than 1,200 Buyers and 330 Buying Companies.
The company’s entire Tauri-Gum™ product line, inclusive of the requisite documentation (supplemental information), is now accessible to Buyers for these top supermarket chains, which represent major national players, including the largest U.S. based online grocer.
Widening Transaction Footprint
On the same morning (Monday of this week), Tauriga announced its approval from Square Inc. (NYSE:SQ) to process multiple types of financial transactions.
According to the release, through this approval, the company’s business capabilities have now expanded to include mobile payment processing and mobile Point of Sale transactions, which opens up both accessibility and visibility as well as a larger overall footprint of potential distributors.
Establishing Airport Distribution
Finally, again on Monday morning, the company announced that it has obtained approval from Tampa International Airport (Code: TPA) to become a Registered Supplier.
According to that release, the Company has been registered at Hillsborough County Aviation Authority for access to the Supplier Collaboration Network. This is the 1st major U.S. airport to approve the company’s Supplier Registration Application.
The Opportunity Ahead
These catalysts represent a sudden and charged expansion in likely market share for a company already well positioned in the cannabinoid-based products marketplace, with trailing revenues already in the hundreds of thousands, and many more new customers now withing its reach.
And the pace of sales at the company is apparently accelerating. According to its release earlier this month, Tauriga Sciences Inc (OTCMKTS:TAUG) established a new monthly record – July 2020 – with respect to its E-Commerce sales. For the 5th consecutive month (during July 2020), the company has generated record results from its highest margin E-commerce business segment.
Specifically, during July 2020, monthly E-Commerce grew by 50%+ on a sequential month-over-month basis. Additionally, the company reports that it is off to a strong start in August.
The company is moving fast to establish itself as leading provider in the rapidly growing cannabinoid-infused gum and edibles space, which has been widely touted by experts and analysts as a major growth market within the broader cannabinoid-based products juggernaut trend.
Mainstreaming
Tauriga Sciences Inc (OTCMKTS:TAUG) is a perfect example of an emerging leader in the cannabinoid space that stands to benefit from the critical trend of “mainstreaming” that we are seeing in this rapidly growing market area.
This process describes a jump in overall addressable market as the cannabinoid product space transitions from being a small niche market several years ago mostly transmitted by word of mouth among a select group of “hardcore” enthusiasts buying exclusively in hidden ecommerce backwater sites on the internet to a multi-billion-dollar global market catering to Main Street household life with products available and visible to browsing shopping at the most visible and accessible chain stores such as Walgreens, CVS, Rite-Aid, and major grocery store brands.
The impact of this higher visibility has been and continues to be an exponential curve of increasing participation among increasingly mainstream consumers.
Once a company gains access to a piece of that pie, strong growth can result simply as a function off the expansion of that pie.
With its expanded presence and means of interfacing with consumers as PoS, TAUG appears to be well situated for an expanding slice of an expanding pie, and deserves some attention as the stock vaults off critical chart support in increasing volume and liquidity.
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