MDOS

SBA Administrator Guzman Announces Agency’s First-Ever Voter Registration Agreement with Michigan Department of State

Retrieved on: 
Tuesday, March 19, 2024
MOU, Democracy, Michigander, SBA, URL, Small business, Small Business Administration, Marketing, Human, MDOS

The agreement, a first-of-its-kind collaboration for the SBA, will run through Jan. 1, 2036.

Key Points: 
  • The agreement, a first-of-its-kind collaboration for the SBA, will run through Jan. 1, 2036.
  • “Protecting and strengthening our democracy is critical to our economic success and a core goal of the Biden-Harris Administration,” said Administrator Guzman.
  • “Through this memorandum of understanding, the SBA will help connect Michiganders to vital voter registration information from the State of Michigan so that more small business owners can exercise their right to vote.
  • The SBA’s Michigan field office may also allow MDOS officials to conduct in-person voter registration at the SBA’s small business outreach events.

Kaival Brands Provides Business Update in Letter to Shareholders

Retrieved on: 
Wednesday, February 14, 2024
KAVL, Annual report, Marketing, FDA, Nicotine, Ageing, MDO, EPO, Growth, Stick, Sale, Risk, Interim, Safety, Heated tobacco product, European Patent Organisation, Administration, Patent, Executive, Security (finance), ENDS, Child, Financial management, Stock, Cannabis, MDOS

Operating Expenses decreased to $13.2 million compared to $15.6 million, with the decrease driven primarily by disciplined cost management.

Key Points: 
  • Operating Expenses decreased to $13.2 million compared to $15.6 million, with the decrease driven primarily by disciplined cost management.
  • As of October 31, 2023, Kaival Brands had working capital of approximately $1.9 million and total cash of approximately $0.5 million.
  • Through it all, we remain committed to steadfast compliance with established FDA requirements for our products and business as we have since our inception.
  • Those ten products remain available for sale through Kaival Brands, subject to FDA’s enforcement discretion.

Kaival Brands Partner Bidi Vapor to Contest FDA Denial of ‘Classic’ Tobacco-Flavored ENDS

Retrieved on: 
Monday, January 29, 2024
Herbal cigarette, MDOS, MDO, ENDS, Sale, Food, Stick, FDA, Marketing, KAVL, Administration, Heated tobacco product

GRANT-VALKARIA, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS), which are intended for adults 21 and over, today announced that its licensor and commercial partner, Bidi Vapor LLC (Bidi Vapor), will appeal the U.S. Food and Drug Administration’s (FDA) decision to deny Bidi Vapor’s premarket tobacco product application (PMTA) for Bidi Vapor’s “Classic” tobacco-flavored BIDI® Stick ENDS device. Kaival Brands holds the worldwide license to distribute products made by Bidi Vapor.

Key Points: 
  • Kaival Brands holds the worldwide license to distribute products made by Bidi Vapor.
  • On Monday, January 22, 2024, the FDA issued a marketing denial order (MDO) for Bidi Vapor’s “Classic” BIDI® Stick PMTA.
  • “Bidi Vapor disagrees with the FDA’s decision and is taking immediate action accordingly,” said Niraj Patel, the Founder & Chief Executive Officer of Bidi Vapor, who is also the Chief Science Officer & Founder of Kaival Brands.
  • “While we are disappointed with the FDA’s decision, we are in close contact with Bidi Vapor and laser focused on selling the Bidi Vapor products that we are permitted to,” said Barry M. Hopkins, Executive Chairman of Kaival Brands.

FDA Denies Marketing of Logic's Menthol E-Cigarette Products Following Determination They Do Not Meet Public Health Standard

Retrieved on: 
Wednesday, October 26, 2022
MDO, Logic Pro, Sale, Risk, Population, Review, LLC, Regulation of tobacco by the U.S. Food and Drug Administration, Center for Tobacco Products, Food, Smokeless tobacco, Marketing, Family Smoking Prevention and Tobacco Control Act, Commerce, Adult, Letter, Smoker, MDOS, Death, Center, Disclosure, FDA, Compliance, Public health, Tobacco, Dietary supplement, Medical device, Logic

The currently marketed products include the Logic Pro Menthol e-Liquid Package and Logic Power Menthol e-Liquid Package.

Key Points: 
  • The currently marketed products include the Logic Pro Menthol e-Liquid Package and Logic Power Menthol e-Liquid Package.
  • As a result, the company must not market or distribute these products in the United States or risk enforcement action by the FDA.
  • These are the first menthol e-cigarette products to receive a marketing decision based on a full scientific review from the FDA.
  • "We remain committed to evaluating new tobacco products based on a public health standard that considers the risks and benefits of the tobacco product to the population as a whole."

Kaival Brands Reports Fiscal 2022 Third Quarter Financial Results

Retrieved on: 
Monday, September 12, 2022
Adult, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., ENDS, Compliance, Industry, U.S. Securities and Exchange Commission, Exercise, Technology, NASDAQ, Tax, COVID-19, Sale, Food, SECURE Act of 2019, Company, KAVL, Smoker, Annual report, KBI, Insurance, Stick, United States Court of Appeals for the Eleventh Circuit, Philip Morris International, FDA, Intention, Review, Security (finance), GLOBE, Marketing, List, MDO, Securities Exchange Act of 1934, MDOS, Circuit court, Philip Morris, Capital, Advertising, LLC, Securities Act of 1933, UL, RSU, Online gambling, Tobacco, Video game, Health insurance

GRANT, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we, our or similar terms), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced its financial results for the fiscal 2022 third quarter ended July 31, 2022.

Key Points: 
  • GRANT, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we, our or similar terms), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced its financial results for the fiscal 2022 third quarter ended July 31, 2022.
  • Eric Mosser, President and Chief Operating Officer of Kaival Brands, stated, "Revenues in our fiscal third quarter ended July 31, 2022 increased almost 11% from the second fiscal quarter and more than 25% from the first fiscal quarter.
  • Revenues: Revenues were $3.8 million in the third quarter of fiscal year 2022, compared to $3.2 million in the same period of fiscal year 2021.
  • As a result of the grant of the judicial stay of the MDO, our revenues increased in the third quarter of fiscal 2022, as compared to second quarter of fiscal 2022.

MD Office Solutions, LLC, acquires Antigua Medical Services, LLC; a Cardiac Mobile Imaging Company in Arizona

Retrieved on: 
Thursday, August 18, 2022
CEO, GLOBE, Hospital, LLC, Health, Patient, Acquisition, Google Images, Culture, MDOS, Partner, MD, Hospital Insurance and Diagnostic Services Act, Efficiency, MedStar Washington Hospital Center, Online gambling, Medical imaging

HAYWARD, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) -- MD Office Solutions of Arizona, LLC, an Arizona based company, and subsidiary of M.D.O.S.C.A.

Key Points: 
  • HAYWARD, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) -- MD Office Solutions of Arizona, LLC, an Arizona based company, and subsidiary of M.D.O.S.C.A.
  • Antigua is a mobile nuclear medicine services provider based in Arizona with offices in Phoenix and Tucson, and is engaged in diagnostic imaging services similar to MD Office Solutions.
  • Since its founding in 2009, MD Office Solutionshas been a mobile in-office imaging service provider in Northern California.
  • MD Office Solutions utilizes Digirad Healths state of the art equipment with unique mobile, upright imaging, and solid-state technologies.

Kaival Brands Expands Distribution for Bidi Vapor

Retrieved on: 
Monday, April 18, 2022
List, Adult, Habit, ENDS, Marketing, LLC, U.S. Securities and Exchange Commission, Patel, COVID-19, Regulation of tobacco by the U.S. Food and Drug Administration, NASDAQ, Security (finance), Intention, Regulation, Food, Compliance, United States Court of Appeals for the Eleventh Circuit, Program, Sale, Technology, Company, Smoker, UL, KAVL, MDOS, Herbal cigarette, Multimedia, FDA, Industry, MDO, View, Congress, Pharmaceutical industry, Tobacco, Generic drug

GRANT, Fla., April 18, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive global distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced the expansion of additional wholesaler and retailer accounts, which, together, are expected to reach approximately 28,000 additional stores. 

Key Points: 
  • GRANT, Fla., April 18, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive global distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced the expansion of additional wholesaler and retailer accounts, which, together, are expected to reach approximately 28,000 additional stores.
  • Accordingly, Kaival Brands anticipates marketing and selling all 11 flavored BIDISticks, subject to the FDA's enforcement discretion, while Bidi Vapor continues with its merits case challenging the legality of the MDO.
  • "This was a significant event not only for Kaival Brands and Bidi Vapor, but the entire industry," said Patel of the court decision.
  • Kaival Brands is the exclusive global distributor of all products manufactured by Bidi Vapor.

Logic Receives PMTA Marketing Orders for Pro, Power

Retrieved on: 
Thursday, March 24, 2022
Marketing, Steve Mautone, Public health, Adult, JTI, Research, Tobacco, Capsule, Herbal cigarette, LLC, Japan Tobacco, Review, FDA Adverse Event Reporting System, Company, FDA, MDOS, Logic Pro, Medical device, Dietary supplement, ENDS, Logic

While Logic received marketing orders for its tobacco-flavored products, it is still awaiting a determination from the FDA on its menthol products.

Key Points: 
  • While Logic received marketing orders for its tobacco-flavored products, it is still awaiting a determination from the FDA on its menthol products.
  • Additionally, Logic received marketing denial orders (MDOs) for flavored products that are not currently on retailers' shelves.
  • Logic submitted Premarket Tobacco Product Applications (PMTAs) for its Logic Pro, Logic Power, and Vapeleaf products on August 19, 2019, well before the PMTA deadline.
  • "By receiving FDA marketing orders now, Logic can remain a reliable partner for retailers going forward," said Mautone.

Kaival Brands Reports Fiscal 2022 First Quarter Financial Results

Retrieved on: 
Thursday, March 17, 2022
Insurance, MDOS, Advertising, Technology, Premarket tobacco application, Intention, Tax, Income, MDO, U.S. Securities and Exchange Commission, FDA, Nasdaq, COVID-19, Regulation, ENDS, Marketing, Compliance, LLC, KAVL, Security (finance), NASDAQ, Adult, Capital, UL, Sale, Food, Company, Congress, Growth, Industry, Smoker, Regulation of tobacco by the U.S. Food and Drug Administration, Online gambling, Pharmaceutical industry, Video game, Health insurance, Generic drug

GRANT, Fla., March 17, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive global distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced its financial results for the fiscal 2022 first quarter ended January 31, 2022.

Key Points: 
  • GRANT, Fla., March 17, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive global distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today announced its financial results for the fiscal 2022 first quarter ended January 31, 2022.
  • Operating Expenses:Total operating expenses were approximately $2.1 million for the first quarter of fiscal year 2022, compared to approximately $4.4 million for the first quarter of fiscal year 2021.
  • The reduction from the first quarter of fiscal year 2021 was due to the pre-tax operating loss recognized during the first quarter of fiscal year 2022.
  • The decrease in net income for the first quarter of fiscal year 2022, as compared to the first quarter of fiscal year 2021, is primarily attributable to the decreased revenues and customer credits/discounts/rebates.

Vaping Podcast: Updates on Flavors, MDOs and Synthetics

Retrieved on: 
Tuesday, March 15, 2022
MDOS, Bidi, Technology, GLOBE, MDO, Tobacco, FDA, Keller, Stick, LLC, Compliance, Adult, UL, CSP, Food, CEO, Industry, Smoker, Regulation of tobacco by the U.S. Food and Drug Administration, Marketing

The podcast features tobacco and e-cigarette expert Azim Chowdhury, who discusses the current complexities surrounding the vaping industry.

Key Points: 
  • The podcast features tobacco and e-cigarette expert Azim Chowdhury, who discusses the current complexities surrounding the vaping industry.
  • A partner in the Washington, D.C.-based law firm Keller and Heckman LLP, Chowdhury is joined by two executives from Melbourne, Fla.-based Bidi Vapor, LLC.
  • The general status of MDOs in the vaping category and the future of flavors.
  • "The vaping industry is facing a difficult road ahead," said Niraj Patel, president and CEO of Bidi Vapor.