Kaival Brands (OTCQB: KAVL), a company focused on generating shareholder value by incubating innovative products into mature and dominant brands within their respective markets, announced that Bidi Vapor’s primary offering, the Bidi(r) Stick, is the fastest-growing closed system vaping product in the country; KAVL is the exclusive global distributor of products manufactured by Bidi Vapor. KAVL reported that the Bidi Stick has seen market growth of 907.9% year over year for Q4 2020, making it the No. 1 disposable electronic nicotine delivery system (“ENDS”) offering in the United States for the quarter and resulting in 27.9% market share in calendar fourth quarter. The tamper-resistant device is also the only vape product available with an ecologically friendly, mass-recycling program. “We believe our continued growth and increased market share is directly attributable to our product being designed for current adult smokers and being manufactured and marketed with sustainability and socially responsible practices in mind,” said Kaival Brands CEO Niraj Patel in the press release. “We are also hyper-vigilant in working to ensure that the Bidi Stick does not get into the hands of youth under the age of 21, but only those adult smokers looking for alternatives to cigarettes. Our values are as high as the quality of our product offerings.”
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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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