Kaival Brands Innovations Group, Inc - KAVL STOCK NEWS

Kaival Brands Innovations Group (OTCQB: KAVLD) announced the restart of Bidi™ Pouch production, expecting a September launch after COVID-related delays. On July 20, 2021, the company executed a reverse split and is temporarily trading under KAVLD prior to a Nasdaq listing.

Manufacturing was moved in-house to mitigate supply chain issues, with initial production expected to yield up to 500,000 cans. The company secured 8,000 points of distribution, capitalizing on a market anticipated to reach $32.8 billion by 2026.

On July 20, 2021, Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) announced the issuance of two new U.S. patents (Nos. 11,064,735 and 11,064,736) for Bidi Vapor's products, increasing its patent portfolio to four. The patents enhance the Bidi Stick's housing and proprietary heating component, promising a superior user experience. CEO Niraj Patel emphasized the patents' role in positioning Bidi Vapor as a leader in the electronic nicotine delivery systems market. The company remains focused on responsible marketing and compliance with regulations to support adult smokers.

Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) announced that its partner, Bidi Vapor, secured two patents and two copyrights in China, enhancing its global intellectual property portfolio. The patents include a utility model for nozzle components and a design patent for the Bidi Stick. With the Chinese vape market projected to reach $22B if 10% of smokers transition from combustible cigarettes, this positions Kaival and Bidi for significant opportunity. The company welcomes the regulatory framework in China, aiming to maintain compliance and integrity in its product offerings.

Kaival Brands Innovations Group (OTCQB: KAVL) announced a 1-for-12 reverse stock split effective July 20, 2021. This move is aimed at supporting its application to list on the NASDAQ Capital Market. The decision to implement the reverse split was approved by the Board and stockholders on March 25, 2021. It serves to increase the per share price to meet NASDAQ's requirement of $4.00 or higher for listing. The company reassured shareholders that this split will not affect voting power or stock value. Shareholders will receive details from the transfer agent regarding share exchanges.

Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) announced plans to launch a new line of Kaival-branded Hemp CBD products aimed at adults aged 21 and older. The company aims to set new industry standards by providing high-quality, lab-developed CBD products that utilize their existing product infrastructure. A report estimates the CBD market could reach $108.8 billion by 2027, with potential for Kaival to capture significant market share. The plan includes forming a partnership for product development and distribution in compliance with the 2018 Farm Bill.

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.

Kaival Brands Innovations Group (OTCQB: KAVL) announced the appointment of George Chuang as an independent director and Mark Thoenes as interim Chief Financial Officer. Chuang brings extensive experience in finance and management consulting, while Thoenes has over 35 years in financial leadership. The company aims to leverage their expertise to enhance corporate governance and financial processes. Kaival Brands is the global distributor of Bidi Vapor products, including the BIDI® Stick, focusing on responsible marketing and compliance with regulations.

Kaival Brands Innovations Group (OTCQB: KAVL) is committed to preventing youth access to its BIDI® Stick, a disposable electronic nicotine delivery system. CEO Niraj Patel emphasizes strict compliance with regulatory standards, including the PACT Act, and highlights the challenges posed by counterfeit products in the market. The company has halted online sales to address youth prevention and partnered with GoPuff for age-verified distribution. Kaival Brands aims to maintain its market position by prioritizing compliance and engaging with regulatory bodies against illegal products.

Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) announced a substantial revenue of $18.1 million for the fiscal second quarter ended April 30, 2021. The company secured its largest first-time order in history with $22.4 million from Grocery Supply Warehouse, contributing to aggregate orders of $41.6 million from major distributors. Despite logistical challenges due to COVID-19 affecting product launches in the U.K., the company remains optimistic about future growth and plans to uplist on Nasdaq by August.