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 all products manufactured by Bidi Vapor LLC. Bidi Vapor’s primary offering, the Bidi(R) Stick, is the fastest-growing closed system vaping product in the U.S. and the only vape product on the market with an ecologically friendly, mass-recycling program. Kaival Brands today announced two new distribution partners for Bidi Vapor’s product line: Imperial Trading with a network in the South, Southeast and Midwest and Chambers & Owen with a network throughout the Midwest. According to the update, the two new agreements boost the potential store count for Bidi Vapor products to over 54,000, up from 10,000 for all of 2020. “These two new additional partners represent another revenue growth opportunity for Bidi and Kaival,” said Niraj Patel, CEO of Kaival Brands. “Between last week’s announcement regarding PMTA’s filing letter acceptance, our exclusive partnership with goPuff, new distribution agreements with Hilmes, Avail and Smoker Friendly, we are feeling extremely confident about our fiscal year 2021 revenue guidance range of $400m – $450 million.”
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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 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.
NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL
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