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Kaival Brands Innovations Group Inc KAVL

Kaival Brands Innovations Group, Inc. is engaged in the sale, marketing, and distribution of electronic nicotine delivery system (ENDS) products, also known as e-cigarettes, in a variety of favors. The Company’s primary product is the Bidi Stick as well as other products manufactured by its affiliate Bidi Vapor LLC (Bidi). It holds the worldwide right to market and distribute the Bidi Stick and certain other products manufactured by Bidi. Bidi Stick is a disposable, tamper resistant ENDS product made with medical-grade components, a battery and technology designed to deliver a consistent vaping experience for adult smokers 21 and over. It distributes products to wholesalers and retailers of ENDS products. BIDI Stick comes in a variety of flavor options for adult cigarette smokers. It does not manufacture any of the products it resells. Its patent portfolio consists of approximately 19 existing and 47 pending with technologies related to vaporization and inhalation technologies.


NDAQ:KAVL - Post by User

Post by AveragePennyon Apr 18, 2022 12:42pm
55 Views
Post# 34610281

Kaival Brands Expands Distribution for Bidi Vapor

Kaival Brands Expands Distribution for Bidi Vapor

GRANT, Fla.April 18, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive global distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced the expansion of additional wholesaler and retailer accounts, which, together, are expected to reach approximately 28,000 additional stores. 

Niraj Patel, Chief Executive Officer of Kaival Brands said, "We are encouraged by growing sales volumes in our second fiscal quarter generated by both established wholesalers and retailers selling the BIDI® Stick in new stores, as well as new wholesale and retail accounts being added to our distribution network. We anticipate the activation of approximately 3,900 new store locations over the next 45 days, including one new major retailer having already placed orders totaling more than $1.1 million."

https://www.prnewswire.com/news-releases/kaival-brands-expands-distribution-for-bidi-vapor-301526896.html

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