QualityStocksNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Releases Q3 Numbers, Revenues Up Nearly 44%
Kaival Brands (OTCQB: KAVL), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, has released the company’s financial results for Q3 2020. Driven by an increasing demand for the Bidi(TM) Stick, quarter-end numbers were impressive, with revenue totaling nearly $54.9 million, up almost 44% compared to the second quarter of 2020. Other quarter highlights include gross profit for Q3 reaching approximately $4.4 million while net income reached approximately $2.6 million — both numbers up significantly from the same period last year. “We had an extremely busy and fruitful third fiscal quarter,” Kaival Brands president and CEO…