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MELBOURNE, FL, March XX, 2021 (PR Newswire) – Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) (“Kaival Brands,” https://kaivalbrands.com/ ), is the exclusive global distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”). Bidi Vapor’s primary offering, the Bidi® Stick, is the fastest-growing closed system vaping product in the U.S. The tamper-resistant Bidi® Stick is also the only vape product on the market with an ecologically friendly, mass recycling program called Bidi® Cares. Kaival Brands also recently launched the Bidi® Pouch by Bidi Vapor, a tobacco-free nicotine pouch in six flavours
KAVL Soars On Rev Surprise And Guidance Going Forward
Kaival Brands are heading for the stars! With their latest success they show everyone how potent their adaption to Bidi® Stick was by reaching a milestone of at least a $100 million in revenues within a year.
This is even more impressive as we know this was achieved while being an early developing company with significant expenses and of course handling with the outbreak of covid. It is safe to assume their future net profits will hold extreme potential. The numbers of their first fiscal quarter of 2020 and 2021 are great to back that perspective up, since they went from revenues of $0 in their first fiscal quarter of 2020 to $37.3 million of revenues in their first fiscal quarter of 2021.
From what we have seen in February and March, KaivalBrands have benefited a lot from forming new distribution partnerships and of the introduction of Bidi® Pouch. The company is advancing towards additional milestones in their second fiscal quarter of 2021. As Niraj Patel, president and CEO of Kaival Brands said: “Given our current visibility, we remain very confident in our full year fiscal year revenue guidance of $400 million-$450 million,”
At BIDI® Vapor, innovation is key to our mission, with the BIDI® Stick promoting environmental sustainability while providing a unique vaping experience to adult smokers. Contributing to a smoke-free world for our future generations is in BIDI® Vapor’s DNA.
Kaival Brands Innovations Group, Inc., Grant, Fla., 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.
https://kaivalbrands.com/press-release/
Learn more about Kaival Brands Innovations Group, Inc., at www.kaivalbrands.com