InvestorNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Announced Bidi Vapor Included on New Tobacco Product List Released by FDA

June 4, 2021 11:48:34

Kaival Brands (OTC: KAVL), a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets, has announced that all 11 varieties of Bidi Vapor’s Bidi(R) Stick devices are included on the U.S. Food and Drug Administration’s (“FDA”) recently released list of what it has deemed new tobacco products. KAVL is the exclusive global distributor of all Bidi Vapor LLC products. The announcement noted that the FDA release is a list of ENDS products that met certain requirements, including submitting a Premarket Tobacco Product Application (“PMTA”) to the FDA by Sept. 9, 2020, which was the deadline for currently marketed products. The announcement also observed that Bidi Vapor’s flagship product, the BIDI stick, has been named the fastest-growing, closed-system, disposable electronic nicotine delivery system (“ENDS”) product in the country, according to a recent Nielsen market share data report for the 52-week period ending March 27, 2021. In addition, the Bidi Stick is the only ENDS on the market that participates in a mass-recycling program. Dubbed BIDI Cares, the program is now undergoing a comprehensive PMTA review with the FDA.

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About Kaival Brands Innovations Group

Based in Grant, Florida, 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. Kaival Brands is the exclusive global distributor of all products manufactured by Bidi Vapor.

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