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Kaival Brands Innovations Group Inc. (KAVL) is focused on growing and incubating innovative and profitable products into mature, dominant brands. It aims to develop internally, acquire or exclusively distribute these products, helping them grow into market-share leaders by providing superior quality that is recognizable in their individual industries.
Investment Considerations:
- Kaival Brands Innovations Group Inc. promotes innovative brand solutions. It is currently the exclusive global distributor for the first eco-friendly vapor product on the market, Bidi™ Stick.
- Manufactured by Bidi Vapor LLC, the Bidi™ Stick stands to revolutionize the vaping experience. It is a completely self-contained, disposable and recyclable product made with high-quality components and innovative technology.
- On September 8, 2020, Kaival Brands announced that Bidi Vapor LLC had submitted its Premarket Tobacco Product application to the U.S. Food and Drug Administration.
- Kaival Brands is also working to expand distribution of the Bidi™ Stick internationally into Guam, Canada, the European Union, the United Kingdom, Australia and New Zealand.
- The partnership with Bidi Vapor has helped Kaival Brands expedite its growth, as the company reported $32.4 million in revenue for the fiscal quarter ended July 31, 2020.
- Kaival Brands recently announced its entry into a patent contribution agreement through which it will acquire exclusive rights to an international patent portfolio concerning full customization of certain isomeric properties of synthetic nicotine
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