Kaival Brands (OTCQB: KAVL)
, the exclusive global distributor of products manufactured by Bidi(R) Vapor LLC, announced that Bidi Vapor has received two copyright protections and two patent approvals from China. The first patent relates to the nozzle components of the Bidi Stick, and the second is a design patent covering the entire Bidi
Stick product. In addition, Bidi Vapor has obtained copyrights for both the Bidi Stick and Bidi Cares names. Both these moves add additional layers of protection to Bidi Vapor’s global intellectual property portfolio. In addition, KAVL announced that it has implemented a 1-for-12 reverse split of its common stock to support the company’s application to list on the NASDAQ Capital Market. The reverse split will be effective before market opening on July 20, 2021. The reverse split decision was approved in March by the board of directors and holders of a majority of KAVL’s outstanding shares of common stock. The decision is designed to increase the per share stock price of the company’s common stock to $4 or higher, which is a NASDAQ’s requirement. “Receiving two patents from China , along with copyright protections, should enhance our efforts to more effectively eliminate counterfeit players from the market, and being afforded these protections within a difficult market further validates our best-in-class product lineup,” says Kaival Brands and Bidi Vapor founder and CEO Niraj Patel in the press release. “These patent and copyright protections significantly bolster our global intellectual property protection portfolio – we now have intellectual property protections in the United States, European Union, Australia and China. We believe this puts us in a strong position to pursue new global markets that we have already received regulatory approval to enter.”
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About Kaival Brands Innovations Group Inc.
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. For more information about the company, visit www.KaivalBrands.com
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