Kaival Brands Expands Bidi Vapor Distribution

Kaival Brands Innovations Group Inc KAVL has expanded its wholesaler and retailer distribution accounts for Bidi Vapor LLC, which are expected to reach 28,000 additional stores.
"We anticipate the activation of approximately 3,900 new store locations over the next 45 days, including one new major retailer having already placed orders totaling more than $1.1 million," said CEO Niraj Patel.
Kaival Brands anticipates marketing and selling all 11 flavored BIDI Sticks, subject to the FDA's enforcement discretion.
Last September, the FDA issued its marketing denial order (MDO) to Bidi Vapor. Bidi Vapor secured the judicial stay of the MDO in February 2022.
Bidi Vapor's flavored electronic nicotine delivery systems (ENDS) are now declared legal to sell, pending resolution of the ongoing litigation.
Price Action: KAVL shares are trading higher by 8.68% at $1.32 on the last check Monday.