InvestorNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Announces Packaging Revisions Project Completion, Positive Q1 2021 Expectations
Feb 16, 2021
Kaival Brands (OTCQB: KAVL), a company focused on generating shareholder value by incubating innovative products into mature and dominant brands within their respective markets, has noted that a Q4 project involving a redesign of Bidi(R) Vapor LLC’s packaging and labeling for its entire product line has been completed. The redesign decision was made as the Bidi company opted to meet and exceed the FDA’s proposed guidelines for all of its product, which meant the company halted production of its products until the project was finished. Kaival is the exclusive global distributor of all products manufactured by Bidi Vapor, including the Bidi(R)Stick, which is the fastest-growing closed system vaping product in the United States. KVAL also recently launched the Bidi(R)Pouch, a tobacco-free nicotine pouch available in six flavors. During Q4, Kaival was limited in the volume of products available because of the redesign project, which included changing the names of the product suite to nondescriptive, one-word monikers and bolstering safety and hazard warnings on product packaging. The announcement noted that, as a result of the redesign project, KVAL experienced significant loss in revenue opportunity during Q4 2020; however, with the project completed, the company has successfully restarted its sales and marketing process with revenues tracking close to $40 million. “It should be understood, that under no circumstance will Kaival Brands distribute, market, promote, or sell any product that would have deleterious consequences to the community and APPI guidelines,” said Kaival Brands CEO Niraj Patel in the press release. “We have created a premium experience assisting current adult cigarette smokers age 21 and older to choose alternative options to traditional, combustible cigarettes. Kaival Brands will never behave in a manner that compromises health or the environment.”
To view the full press release, visit https://ibn.fm/BEiiP
About Kaival Brands Innovations Group Inc.
Kaival Brands is focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Kaival’s 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. For more information, visit the company’s website at www.KaivalBrands.com.
NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL
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