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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 averagepennieson Aug 29, 2023 9:05am
67 Views
Post# 35609489

Kaival Brands Adds Over 1,500 Locations to its Circle K

Kaival Brands Adds Over 1,500 Locations to its Circle K

GRANT-VALKARIA, Fla., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”), which are intended for adults 21 and over, today provided an update on its efforts to increase distribution of the BIDI® Stick which have resulted in distribution in more than 1,500 additional Circle K locations.

Eric Mosser, Chief Executive Officer of Kaival Brands, stated, “We are excited to provide an update on our regional Circle K rollout. Since our initial rollout in June, we have increased distribution to over 2,700 locations from just over 1,000. Our objective is that ultimately, the BIDI® Stick will be distributed in up to 5,000 Circle K locations within the South Atlantic and Midwest regions within the calendar year.” Mr. Mosser continues, “We are as optimistic as ever that our ongoing efforts will continue to open doors with retail partners like Circle K who share our commitment to compliance and youth-access prevention, and, in turn, increase our revenues going forward.”

https://www.globenewswire.com/news-release/2023/08/29/2733088/0/en/Kaival-Brands-Adds-Over-1-500-Locations-to-its-Circle-K-Rollout.html

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