Tauriga Sciences Inc (OTCMKTS:TAUG) has seen a spectacular rise over the past few months from lows of just over a penny in December to recent highs near $0.20. During this time TAUG has transformed into a volume leader.
TAUG saw a massive boost after the Company announced it has officially launched its E-Commerce site for the sale of its CBD Infused chewing gum. The E-Commerce site can be accessed by typing in the following URL Website Address (taurigum.com). The Company is currently selling both its Tauri-Gum(TM) individual blister pack ($17.99 per unit) and retail display box ($179.99 per unit); shipping is free for any customer that orders 2 or more individual blister packs. The Company is currently finalizing the Website’s back-end configuration (payment processing capability) and expects to start processing customer orders over the next few days. The Company has also established a reliable and efficient fulfillment infrastructure and anticipates that its initial Tauri-Gum(TM) inventory (8,700 individual blister packs) will be received – at Tauriga’s fulfillment facility – within the next week or so.
Tauriga Sciences, Inc. (TAUG) is engaged in building business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities. One such opportunity on which the Company has acted, involves the Company having entered into the cannabidiol (or “CBD”) infused chewing gum product business, as more fully described above and in prior press releases. This CBD infused chewing gum product has been branded under the following name: Tauri-Gum [TM] . See also our periodic reports filed by us with the SEC for a more complete description of our business and material agreements that we have entered into. Further, the Company continues to identify and evaluate additional potential opportunities to generate revenue, as well as shareholder value, and leverage its resources and expertise to build a diversified and sustainable business model.
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MicroCapDaily has been covering TAUG for years writing in 2014 on the Company:
“Tauriga Sciences Inc (OTCMKTS:TAUG) recently saw a significant increase in interest and a nice pop as the entire Marijuana sector heats up again. TAUG is a stock with a history of highly explosive moves running from sub pennies to over a dime the last time pot stocks heated up. The stock collapsed with the rest of the sector in March when CANN got halted and has been drifting downward in recent months.”
TAUG said last week the Company has placed an order with its manufacturer for the production of additional Tauri-Gum(TM) inventory at this time. The Company believes that this decision is prudent, due to stronger than expected initial indications of demand from a broad array of prospective distributors and customers. On March 7, 2019, the Company placed an order with its manufacturer for an additional 8,700 individual packs; delivery to the Company (for this 2 [nd]inventory tranche) is expected during mid-April 2019.
The Company continues to realize significant progress on a number of different initiatives and is excited for its upcoming commercial launch (later this month) of its CBD infused chewing gum product line, branded as Tauri-Gum(TM). In other news, the Company continues to be in productive discussions with Amazon and is hopeful that Tauri-Gum(TM) will be approved for listing, in the near term.
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Currently trading at a $5.5 million market valuation TAUG is fully reporting OTCBB and has very little debt. TAUG is an exciting story developing in small caps; the Company just launched its E-Commerce site simultaneously with the commercial launch of its CBD infused chewing gum product line; branded as Tauri-GumTM. We will be updating on TAUG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TAUG.
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Disclosure: we hold no position in TAUG either long or short and we have not been compensated for this article.