Kaival Brands (OTCQB: KAVL), a company focused on generating shareholder value by incubating innovative products into mature and dominant brands within their respective markets, has announced that its Bidi(R) Stick is the fastest-growing closed system vaping product in the United States. KAVL is he exclusive global distributor of products manufactured by Bidi Vapor LLC, including the Bidi Stick. The company recently unveiled its latest offering, a tobacco-free nicotine pouch called Bidi(TM) Pouch. Kaival Brands has focused on growing the distribution of Bidi Stick products this year. For example, the company expects that, by the end of 2020, Bidi Sticks will be in more than 5,000 Circle K stores, a significant increase from the 2,000 stores that previously carried the product. In addition to the Circle K distribution, Kaival Brands has inked deals with thousands of new retail locations, resulting in an overall 30,000 store nationwide rollout. “Demand for the Bidi Stick along with new store commitments has led to pre-sale numbers for November 2020 that are higher than total revenue reported for the second quarter of 2020,” said Kaival Brands CEO Niraj Patel in the press release. “The quality of the Bidi Stick, our stewardship of the environment, and our strict compliance process around minors has created a loyal customer base. . . . We believe given our revenue and growth profile that our market capitalization represents a lack of appreciation and understanding of Kavial Brands and the Bidi Vapor brand in the public market. We are taking steps to remedy what we perceive as a profound mismatch and will continue to update the investor community of significant developments.”
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About Kaival Brands Innovations Group Inc.
Kaival Brands is focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Kaival’s vision 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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