Kaival Brands (OTCQB:KAVL) Announces Bidi Vapor to Resume Attendance at Live Trade Shows as Vaccination Rates Rise

Rhea-AI Summary

Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) announced that its exclusive partner, Bidi Vapor, will resume attendance at live trade shows due to rising COVID-19 vaccination rates. Bidi Vapor will attend various events, including the NACS Show and ASD Market Week, offering retailers a '30-day, no-risk' trial for their BIDI® Stick products. The BIDI® Stick is the fastest-growing ENDS in the U.S. as per Nielsen data and includes an eco-friendly recycling program. It is currently awaiting FDA review for its Premarket Tobacco Product Application.

Positive

• BIDI® Stick recognized as fastest-growing ENDS in U.S. per Nielsen data.
• Bidi Vapor offers unique 'Try BIDI for 30-days' no-risk trials for retailers.
• Resumption of live events may boost visibility and sales opportunities.

Negative

• None.

GRANT, Fla., July 8, 2021 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) ("Kaival Brands," the "Company," or "we"), today announced that e-cigarette and nicotine-pouch maker Bidi Vapor, LLC, ("Bidi Vapor") has scheduled its executives and sales teams to attend several live, in-person conferences and trade shows, as COVID-19 vaccination numbers rise across the country. Among these meetings are Winsight and CSP magazine's Outlook Leadership conference; ASD Market Week for wholesale and retail buyers; and the NACS Show for convenience-store retailers and distributors, with special Bidi Vapor offers to include invitation-only meet-and-greets and 30-day, no-risk product trials. Kaival Brands is the exclusive global distributor of products manufactured by Bidi Vapor, including the BIDI^® Stick disposable electronic nicotine delivery system ("ENDS"), which is intended exclusively for adults 21 and over.

Kaival Brands (OTCQB:KAVL) Announces Bidi Vapor to Resume Attendance at Live Trade Shows

The Company's primary offering, the BIDI^® Stick, is the fastest-growing ENDS in the United States according to a Nielsen market share data report for the 52-week period ending March 27, 2021, and is exclusively marketed to adults¹. The tamper-resistant BIDI® Stick is also the only ENDS on the market with an ecologically friendly, mass-recycling program called BIDI^® Cares, and is the subject of a comprehensive Premarket Tobacco Product Application ("PMTA") now under review with the U.S. Food and Drug Administration (the "FDA"). In May 2021, all 11 varieties of Bidi Vapor's BIDI® Stick devices were included on the FDA's recently released list of deemed new tobacco products. This is a list of ENDS products for which a PMTA was submitted to the FDA by September 9, 2020, which was the deadline for currently marketed products.

"As COVID-19 restrictions loosen, Bidi Vapor and Kaival Brands are happy to return to a more face-to-face form of marketing," says Niraj Patel, president and Chief Executive Officer of Kaival Brands. "This approach builds trust when we can explain to people in person the benefits of a high-quality, premium e-cigarette."

Bidi Vapor executives and sales personnel are scheduled to attend the following business-to-business ("B2B") trade events:

• VOXPO Vape Live (virtual), London, England; July 28-30, 2021; Visit https://voxpoevents.com/event/vape-live/.
• Outlook Leadership hosted by CSP magazine and Winsight; August 3-5, 2021; Terranea Resort, Rancho Palos Verdes, California.
• Lyons Specialty Co.; August 4-5, 2021; Biloxi, Mississippi.
• Andalusia Distributing Co.; August 18-19, 2021: Biloxi, Mississippi.
• ASD Market Week; August 22-25, 2021; Las Vegas, Nevada.
• NACS Show, October 5-8, 2021; Chicago, Illinois; In addition to exhibiting at Booth No. 7990, Bidi Vapor will host an industry event the evening of October 5, 2021. To attend the invitation-only gathering, email sales@bidivapor.com.

In anticipation of Bidi Vapor officials meeting in-person with new and current business and retail customers, Bidi Vapor is offering a "Try BIDI for 30-days" no-risk offer for retailers wanting to try BIDI® Sticks at their stores at no cost. For more information, email support@bidivapor.com.

Mr. Patel, the Company's President and Chief Executive Officer, owns and controls Bidi Vapor.  As a result, Bidi Vapor and the Company are considered under common control and Bidi Vapor is considered a related party.

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ABOUT BIDI VAPOR
Based in Melbourne, Florida, Bidi Vapor maintains a commitment to responsible marketing, supporting age-verification standards and sustainability through its Bidi® Cares recycling program. The company's premiere device, the BIDI^® Stick, is a premium product made with medical-grade components, a UL-certified battery and technology designed to deliver a consistent vaping experience for adult smokers and tobacco users 21 and over. Bidi Vapor is also adamant about strict compliance with all federal, state, and local guidelines and regulations.

For more information, visit www.bidivapor.com

ABOUT KAIVAL BRANDS
Based in Grant, Florida, Kaival Brands is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Our 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. Kaival Brands is the exclusive global distributor of all products currently manufactured by Bidi Vapor.

Learn more about Kaival Brands Innovations Group, Inc., at www.kaivalbrands.com

Forward-Looking Statements

This press release includes statements that constitute "forward-looking statements" within the meaning of federal securities laws, which are statements other than historical facts that frequently use words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "position," "should," "strategy," "target," "will," and similar words. All forward-looking statements speak only as of the date of this press release. Although we believe that the plans, intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions, or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such statements. Our business may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect results, and are often beyond our control. Factors that could cause or contribute to such differences include, but are not limited to, the approval of our application for listing on the Nasdaq Capital Market; the duration and scope of the COVID-19 pandemic and impact on the demand for the products we distribute; the actions governments, businesses, and individuals take in response to the pandemic, including mandatory business closures and restrictions on onsite commercial interactions; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that we could take to reduce operating costs; our inability to generate and sustain profitable sales growth; circumstances or developments that may make us unable to implement or realize anticipated benefits, or that may increase the costs, of our current and planned business initiatives; changes in government regulation or laws that affect our business; significant changes in our relationships with our distributor or sub-distributors; and those factors detailed by us in our public filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Except as required under the federal securities laws and the Securities and Exchange Commission's rules and regulations, we do not have any intention or obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise.

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SOURCE Kaival Brands

FAQ

What trade shows will Bidi Vapor attend in 2021?

Bidi Vapor is scheduled to attend trade shows including the NACS Show, ASD Market Week, and others from July to October 2021.

What is the BIDI® Stick?

The BIDI® Stick is a disposable electronic nicotine delivery system that is the fastest-growing ENDS in the United States.

How is Bidi Vapor responding to COVID-19?

Bidi Vapor is resuming in-person marketing and sales efforts as COVID-19 vaccinations increase.

What is Kaival Brands' relationship with Bidi Vapor?

Kaival Brands is the exclusive global distributor for products manufactured by Bidi Vapor.

What offers does Bidi Vapor have for retailers?

Bidi Vapor is offering a '30-day, no-risk trial' for retailers interested in trying BIDI® Sticks at no cost.