Earlier this month, Kaival Brands (OTCQB: KAVL), the exclusive global distributor of products manufactured by Bidi Vapor LLC˜ announced the expectations for FY 2021 are to exceed a staggering $400 Million in revenues. These are NASDAQ caliber company numbers and what makes it even more impressive, the company is less than a year old. Kaival Brands commenced business operations in March of 2020 and has been growing month over month and quarter over quarter ever since. Ok, we do not have 400 million reasons why we are bullish on KAVL, but the explosive growth and projected revenues make this a rare JEWEL not JUUL in OTC land.
- Exclusive global distributor of Bidi Vapor product line
- Agreements with Circle K, Fas Mart and 7-11’s
- Captured 27.9% of the market share in December of 2020
- Added Morgan Lewis and Spencer Stuart to Assist with Rapid Growth
So, Kaival Brands Innovations Group, Inc. is focused on growing and incubating innovative profitable products into dominant brands such as “Bidi Vapor” for their respective share markets. Their team of industry experts have created safe and high-quality products, designed with the user in mind and have set higher standards that transform perceptions and elevate adult consumers’ experience in the Vape world. They have put together an expanding distribution network across the U.S. for the quality Bidi Vapor product line.
Product Line and Distribution
Bidi Vapor’s primary offering, the Bidi® Stick, is one of 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. Kaival Brands also recently launched the Bidi™ Pouch by Bidi Vapor, a tobacco-free nicotine pouch. Pouches are the alternative to chewing tobacco, also known as “dipping”.
The Bidi Pouch was engineered to provide a premium smokeless nicotine experience to its users and is made from a tobacco-free nicotine formulation packed into an on-the-go pouch. Worldwide, the nicotine-pouch sector is projected to grow to $3.35 billion by 2025, up from $637.8 million in 2019, according to Market Study Report, LLC. The category has continued to explode recently, with New York-based Nielsen reporting an increase in unit sales of 498% in U.S. convenience stores over the 24 weeks ending May 30, 2020. The pouches will add tremendous growth, the Bidi Stick also has numbers that do not disappoint.