Kaival Brands (OTCQB: KAVL), the exclusive global distributor of products manufactured by Bidi Vapor LLC (“Bidi Vapor”), today provided an update on expanded distribution of Bidi(TM) Stick products. The Bidi(TM) Stick is the fastest-growing closed system vaping product in the U.S., and Kaival Brands also recently launched Bidi Vapor’s Bidi(TM) Pouch, a tobacco-free nicotine pouch. According to the update, Kaival Brands has significantly increased the distribution of Bidi(TM) Stick products through national retailers. Most notably, Kaival Brands anticipates expanding the presence of Bidi Vapor products in Circle K stores from more than 2,000 to more than 5,000 locations by year-end 2020. Concurrent with the Circle K rollout, Kaival Brands has secured commitments to add thousands of new retail locations beginning in December through January 2021. The commitments are from several top tier c-store partners, including 7-Eleven, and will result in an overall nationwide rollout to 30,000 stores. “Demand for the Bidi(TM) Stick, along with new store commitments, has led to pre-sale numbers for November 2020 that are higher than total revenue reported for the second quarter of 2020,” said Kavial Brand’s CEO Niraj Patel. “The quality of the Bidi(TM) Stick, our stewardship of the environment, and our strict compliance process around minors has created a loyal customer base.”
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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 mission 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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