Kaival Brands (OTCQB: KAVL), a company focused on generating shareholder value by incubating innovative products into mature and dominant brands within their respective markets, has noted that a Q4 project involving a redesign of Bidi(R) Vapor LLC’s packaging and labeling for its entire product line has been completed. The redesign decision was made as the Bidi company opted to meet and exceed the FDA’s proposed guidelines for all of its product, which meant the company halted production of its products until the project was finished. Kaival is the exclusive global distributor of all products manufactured by Bidi Vapor, including the Bidi(R) Stick, which is the fastest-growing closed system vaping product in the United States. KAVL also recently launched the Bidi(R)Pouch, a tobacco-free nicotine pouch available in six flavors. During Q4, Kaival was limited in the volume of products available because of the redesign project, which included changing the names of the product suite to nondescriptive, one-word monikers and bolstering safety and hazard warnings on product packaging. The announcement noted that, as a result of the redesign project, KAVL experienced significant loss in revenue opportunity during Q4 2020; however, with the project completed, the company has successfully restarted its sales and marketing process with revenues tracking close to $40 million. “It should be understood, that under no circumstance will Kaival Brands distribute, market, promote, or sell any product that would have deleterious consequences to the community and APPI guidelines,” said Kaival Brands CEO Niraj Patel in the press release. “We have created a premium experience assisting current adult cigarette smokers age 21 and older to choose alternative options to traditional, combustible cigarettes. Kaival Brands will never behave in a manner that compromises health or the environment.”
To view the full press release, visit https://ibn.fm/yviUO
About Kaival Brands Innovations Group Inc.
Kaival Brands is focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Kaival’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.
NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php