Kaival Brands Expands Bidi Vapor Distribution


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  • Kaival Brands Innovations Group Inc (NASDAQ:KAVLhas expanded its wholesaler and retailer distribution accounts for Bidi Vapor LLC, which are expected to reach 28,000 additional stores.
  • "We anticipate the activation of approximately 3,900 new store locations over the next 45 days, including one new major retailer having already placed orders totaling more than $1.1 million," said CEO Niraj Patel.
  • Kaival Brands anticipates marketing and selling all 11 flavored BIDI Sticks, subject to the FDA's enforcement discretion. 
  • Last September, the FDA issued its marketing denial order (MDO) to Bidi Vapor. Bidi Vapor secured the judicial stay of the MDO in February 2022.
  • Bidi Vapor's flavored electronic nicotine delivery systems (ENDS) are now declared legal to sell, pending resolution of the ongoing litigation.
  • Price Action: KAVL shares are trading higher by 8.68% at $1.32 on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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