Kaival Brands (OTCQB: KAVL), a company focused on generating stockholder value by incubating innovative products into mature and dominant brands, is the exclusive global distributor of products manufactured by Bidi Vapor LLC. Bidi Vapor’s primary offering, the Bidi (TM) Stick, is the fastest-growing closed system vaping product in the U.S. and also the market’s only vape product with an ecologically friendly, mass-recycling program. Kaival Brands today announced that, based on Goldman Sachs’ Equity Research Report through Nov. 28, 2020, on the Nielsen data for total nicotine volumes (the “Goldman Report”), the Bidi (TM) Stick is now the second largest disposable electronic nicotine delivery system (“ENDS”) offering based on retail sales for the last 52-week period. According to the update, the Bidi (TM) Stick has increased its absolute-dollar market share of the disposable ENDS market from 7.4% during the 52-week period ending Oct. 27, 2020, to 24.2% of retail sales during the 52-week period ending Nov. 28, 2020. According to the Goldman Report, total dollar sales growth has surged to 1,845% to lead the category for the 12-week period ended Nov. 28, 2020. “We believe our growth underscores the unique customer experience the Bidi Stick provides,” said Niraj Patel, founder and chief executive officer of Kaival Brands.
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About Kaival Brands Innovations Group Inc.
Kaival Brands is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. The company’s mission is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation. For more information, visit the company’s website at www.KaivalBrands.com.
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