Tauriga Sciences Inc (OTCMKTS:TAUG): Nationwide Launch of Highly Anticipated Rainbow Pack Imminent
We have pointed out Tauriga Sciences Inc (OTCMKTS:TAUG) in the past as an interesting speculative opportunity in the CBD space, but one that perhaps needed a fresh catalyst to break through onto the radar for market participants.
This is probably one of the most interesting emerging companies in the space, with a ton of recent progress in terms of brand expansion, distribution network, product range, and partnerships. TAUG is also differentiated in terms of bioavailability and delivery mechanism – its main product is Tauri-Gum, chewing gum in a wide range of flavors infused with Cannabidiol (CBD), Cannabigerol (CBG), and Vitamin C and Zinc (which is a proven antiviral defense).
This chewing gum delivery system, from a scientific standpoint, is best-in-class, providing optimal bioavailability. The oral mucosa of the mouth, as it turns out, provides the most complete and effective channel for full delivery of health and wellness supplements, producing unmatched bioavailability compared to topicals or digested edibles.
The company has also recently inked deals with a variety of new distribution partners, launched an e-commerce sales portal, and expanded its accepted payment platform reach.
But there has been one big catalyst looming that market participants may have been waiting for: the full nationwide roll-out of its “Rainbow Pack” – a sampler product with all the flavors and supplements.
As it happens, that big day is finally upon us. According to a release out late last week from Tauriga Sciences Inc (OTCMKTS:TAUG), the company has confirmed that its highly anticipated upcoming product launch for the Rainbow Deluxe Sampler Pack will officially happen this Sunday, September 20.
The product will only be available on the company’s e-commerce platform (www.taurigum.com).
According to the release, “the Company received notification from its contract manufacturer, Per Os Biosciences, LLC (“Per Os Bio”), that inventory for its 6thTauri-Gum™ flavor, Pear Bellini (“Immune Booster”), will arrive next week at its E-Commerce fulfillment facility. There have been substantial levels of interest in the Rainbow Pack and the pre-sales (which commenced on July 28, 2020) have been very strong. The Company is confident the launch of its Rainbow Pack will accelerate growth, with respect to its highest margin E-Commerce business segment.”
That’s the ice cream, hot fudge, and sprinkles.
Two Giant Cherries on Top
However, there were two other big announcements hidden within the company’s release that should be highlighted here if you’re looking for potential excitement ahead for the stock.
First, Tauriga Sciences Inc (OTCMKTS:TAUG) snuck in a bit of guidance by stating that “As of September 10, 2020, the Company has already generated record Quarterly E-Commerce sales – during this current operating Quarter (2ndFiscal Quarter 2021).”
In other words, the quarter ending on September 30, 2020, already looks like a good candidate for record growth. That’s our analytic leap and we don’t have any more information on this than anyone else. But wellness products are e-commerce-heavy in terms of sales, and the fact that the company’s e-commerce sales are heading for a record suggests some potential that we are already seeing an acceleration overall in the company’s sales growth data, which will hit after quarter-end.
But this leap isn’t so big after all because of the next cherry on the sundae: “Additionally, the Company is in the final stages of completing a major Joint Venture Partnership Agreement (“JVP Agreement”) to enhance both the profile and scale of this upcoming Rainbow Pack launch. It is anticipated that this JVP Agreement will be mutually executed within days.”
This is even bigger. We would expect this to be some sort of announcement about a partner to help market and distribute the new monster product offering that launches Sunday. That means we might be setting up to see this company launch its biggest product ever AND on the widest roll-out scale ever AND with a major new marketing and distribution deal for the final week of the quarter.
If we are already potentially flirting with new record sales for the company this quarter, that could put it over the top. And it also frames a very strong kick-off to the December quarter data.
As we said at the outset, Tauriga Sciences Inc (OTCMKTS:TAUG) is a stock that has been looking for that extra-hot catalyst to push it into the market’s spotlight. We may be setting up for that now.
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Published at Wed, 16 Sep 2020 16:10:21 +0000