- Kaival Brands reported $32mn in revenues for the quarter ending July 2020, up 44% QoQ
- The growth has been driven by the mounting popularity of KAVL’s flagship product, the Bidi(TM) Stick vaping device
- Product’s recent growth has far outpaced the growth rate of the e-cigarette sector, which has seen overall sales rise by 15.6% YoY as of August 2020
- Kaival taking next steps to broaden distribution footprint, seeks to gain share in global e-cigarette market, which is set to grow to $53.9 billion by 2027
Kaival Brands Innovations Group (OTCQB: KAVL) is a company which has rapidly garnered a reputation for fostering and incubating innovative companies into mature, dominant brands. As such, the recent success of the Bidi (TM) Stick—an innovative nicotine vaping device designed to provide adult smokers with a premium vaping experience and for which Kaival Brands operates as the sole distributor—comes as no surprise.
Kaival Brands reported sales of $32 million for the quarter ending July 31, 2020, with revenues increasing approximately 44% relative to the previous quarter. The company’ s financial performance is even more remarkable given the degree to which sales growth for the Bidi(TM) Stick has outpaced the…
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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