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 three new distribution partners for Bidi Vapor’s vaping products. These include: Smoker Friendly International, an industry-leading tobacco-shop chain; Avail Vapor LLC, a 12-state vape-store network (tobacco behemoth Altria recently became a minority owner); and Hilmes Distributing, a large Midwest wholesaler. According to the update, the additional distribution agreements push the potential store count for Bidi Vapor products to over 46,000, up from 10,000 for all of 2020. “These new partners will become a large new revenue stream for Bidi and Kaival,” said Niraj Patel, CEO of Kaival Brands. “It is important to note our 2020 sales of just under $100 million were achieved with a distribution network of 10,000 stores and in less than 10 months of operation. Today’s new distribution partner announcements bring our network to over 46,000 store locations. The strength and breadth of these partnerships fuels our confidence in our ability to meet or exceed our 2021 projection of $400 -450 million in sales.”
To view the full press release, visit https://ibn.fm/fCG8v
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
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The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL
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