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Kaival Brands Innovations Group has begun trading on The Nasdaq Capital Market under the ticker symbol KAVL, effective July 29, 2021. The CEO, Niraj Patel, expressed excitement about this milestone, highlighting the supportive role of financial partners like BTIG and Maxim. The company focuses on promoting responsible marketing of its products, particularly the BIDI® Stick, aimed at adult smokers. Kaival Brands is committed to compliance with legal regulations to prevent underage usage. The company aims to establish strong, dominant brands in their respective markets.
Kaival Brands Innovations Group has received approval to list its common stock on the Nasdaq Capital Market under the unchanged ticker symbol KAVL. Trading on Nasdaq will commence on July 29, 2021, after previously being traded on OTCQB until July 28, 2021. CEO Niraj Patel emphasized this uplisting as a crucial milestone for the Company, reflecting its strategic evolution and plans for growth. The company aims to promote responsible adult smoking alternatives through its exclusive distribution of Bidi Vapor products.
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.
