Kaival Brands (NASDAQ: KAVL), a company focused on growing and incubating innovative and profitable products into mature and dominant brands, was featured in a recent equity research report. The coverage, launched by Argus Research, an independent investment research firm, highlights innovative vaping and tobacco-free nicotine delivery solutions manufactured by Bidi (R) Vapor LLC, for which Kaival Brands is the exclusive global distributor. “In our view, Kaival Brands is well positioned to expand sales of BIDI (R) nicotine delivery products. The company launched the BIDI (R) Stick in the U.S. in early 2020 and plans to launch a second product, the BIDI (R) Pouch, in 4Q21. The company is also expanding internationally, particularly in China, and developing a line of CBD products,” the report reads. “We think that Kaival Brands’ market cap near $150 million does not adequately reflect prospects for the expanded market adoption and distribution of BIDI (R) products. Based on our analysis using EV/sales multiples, our fair value estimate for KAVL is $22 per share, well above current levels.”
To view the full press release, visit
https://ibn.fm/0ZX6M
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 currently manufactured by Bidi (R) Vapor LLC, a leader in disposable electronic nicotine delivery systems (“ENDS”), and is poised to expand internationally. For more information about the company, visit
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
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.