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MELBOURNE, Fla., Dec. 22, 2020 /PRNewswire/ Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) ( Kaival Brands, the Company, or we ), is the exclusive global distributor of products manufactured by Bidi Vapor, LLC ( Bidi Vapor ). Bidi Vapor s primary offering, the Bidi
TM Stick, is the fastest-growing closed system vaping product in the U.S. The tamper-resistant Bidi
TM Stick is also the only vape product on the market with an ecologically friendly, mass-recycling program. Kaival Brands also recently launched the Bidi™ Pouch by Bidi Vapor, a tobacco-free nicotine pouch.
Based on Goldman Sachs Equity Research Report through November 28, 2020 on the Nielsen data for total nicotine volumes (the Goldman Report ), the Bidi
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GRANT, Fla., Dec. 14, 2020 /PRNewswire/
Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) ( Kaival Brands, the Company, or we ), a company focused on generating stockholder value by incubating innovative products into mature and dominant brands within their respective markets, announced today that Niraj Patel, the Company s Chief Executive Officer, and Eric Moss, the Company s Chief Operating Officer, have purchased additional shares of KAVL common stock. The purchase of stock in the open market reflects heightened confidence by both executive officers in the continued development and potential of the Company.
Kaival Brands saw impressive revenue growth during the first nine months of this fiscal year. The Company s expansion of the placement of the Bidi Stick in stores during the second quarter of 2020 resulted in revenues of more than $22 million. For the third quarter of 2020, the Company generated approximately $32 million in revenues during the th