ENDS

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.

Apartments.com Publishes Multifamily Rent Report for Fourth Quarter of 2023

Retrieved on: 
Monday, January 8, 2024
Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Digital Marketing, SUN, CoStar Group, Risk, Multimedia, Absorption, Weakness, Housing, UNIT, WITH, ENDS, Growth, Rare-earth element

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the fourth quarter of 2023.

Key Points: 
  • Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the fourth quarter of 2023.
  • As a result, vacancy was over 100 basis points higher at the end of 2023 than it was at the end of 2022.
  • With vacancy rising throughout 2023, average annual asking rent growth decelerated from 3.9% at the start of the year to 0.9% by the third quarter, remaining there until year-end.
  • After reaching a 40-year record high for unit completions in 2023, the multifamily market may be able to recover some in 2024.

Kaival Brands, Exclusive Distributor of Bidi Vapor Products to the E-Cigarette and Vape Industry, Featured in InvestmentPitch Media Video

Retrieved on: 
Wednesday, November 29, 2023
FDA, Research, Herbal cigarette, ENDS, KAVL, Growth, Research report, CFA

For more information, please view the InvestmentPitch Media video which provides additional information about the company, along with comments from both Eric Mosser, President & CEO, and Stephen Sheriff, Chief Operating Officer.

Key Points: 
  • For more information, please view the InvestmentPitch Media video which provides additional information about the company, along with comments from both Eric Mosser, President & CEO, and Stephen Sheriff, Chief Operating Officer.
  • If you are unable to view this video, please watch it on InvestmentPitch Media's YouTube Channel at this link: ( click here )
    The company is the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC, which are fully compliant with all current FDA regulations.
  • According to Statista, the global E-Cigarettes market is projected to generate revenue of US$24.6 billion in 2023, with the United States estimated at US$8.3 billion.
  • We believe its recent announcements regarding adding 1,500 new Circle K locations cements our thesis of accelerating growth during CY 2024 and beyond.

Kaival Brands Appoints Executive Chairman Barry Hopkins as Interim Chief Executive Officer and President

Retrieved on: 
Thursday, December 28, 2023
Food, Government, Marketing, FDA, Acquisition, Strategic planning, Region, ENDS, Stock, KAVL, Philip Morris, Interim, Growth, National accounts, Stick, Food and Drug Administration, District court, Philip Morris International, Senior, Management

GRANT-VALKARIA, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we") today announced that it has expanded the role of Barry M. Hopkins, Executive Chairman, to include the positions of Interim Chief Executive Officer & President.

Key Points: 
  • GRANT-VALKARIA, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we") today announced that it has expanded the role of Barry M. Hopkins, Executive Chairman, to include the positions of Interim Chief Executive Officer & President.
  • Former Chief Executive Officer & President, Eric Mosser, has been appointed Chief Executive Officer & President of Kaival Brands International, the Company’s subsidiary which has an international licensing relationship with Philip Morris Products S.A., a wholly owned affiliate of Philip Morris International Inc. (NYSE: PM).
  • Barry understands this vision, the importance of regulatory compliance and youth access prevention, and has done an exceptional job since joining Kaival Brands.
  • As Executive Chairman and Interim Chief Executive Officer and President, Mr. Hopkins will continue his service as the Company’s principal executive officer.

Kaival Brands Leads the Way in Compliance as FDA Ramps Up Enforcement of Illicit Vape Products

Retrieved on: 
Tuesday, November 7, 2023
United States International Trade Commission, FDA, ENDS, KAVL, ITC, Growth, Herbal cigarette, Partnership, Seizure, Public, Stick, Tobacco, Dietary supplement, Pharmaceutical industry

Recent reports have highlighted a significant increase in the FDA's enforcement activities, targeting unauthorized vape products that have flooded the market.

Key Points: 
  • Recent reports have highlighted a significant increase in the FDA's enforcement activities, targeting unauthorized vape products that have flooded the market.
  • "As the FDA continues to clear the market of illicit and non-compliant e-cigarette products, Kaival Brands stands ready to meet the demand for legal and regulated alternatives," said Eric Mosser, President and CEO of Kaival Brands.
  • Kaival Brands anticipates that these measures will lead to a substantial reduction in the availability of illicit vape products, particularly in outlets that prioritize regulatory compliance.
  • For more information about Kaival Brands and its commitment to compliance and quality, please visit Kaival Brands' website: https://ir.kaivalbrands.com

Kaival Brands Announces Bulk Order for BIDI Sticks from H.T. Hackney

Retrieved on: 
Thursday, September 21, 2023
FDA, Stick, ENDS, KAVL, Drug

GRANT-VALKARIA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), 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 that it has shipped a bulk order of BIDI® Sticks to H.T.

Key Points: 
  • GRANT-VALKARIA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), 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 that it has shipped a bulk order of BIDI® Sticks to H.T.
  • Hackney Co. (“Hackney”), one of the largest wholesale distributors in the United States.
  • Hackney had not ordered more than $100,000 of BIDI® Stick product in a single order since March 2023.
  • Eric Mosser, Chief Executive Officer & President of Kaival Brands, said, “This bulk order represents the resumption of activity with one of our key distribution partners and is an important step towards accelerating our product sales.

Dekang's Innovative Products - DKiss Menthol Flavor Roll-on for Cigarettes & Smokeless Nicotine Inhaler to be Debuted Globally at InterTabac 2023 in Germany

Retrieved on: 
Tuesday, September 12, 2023
Taste, Smoker, Nicotine, Multimedia, Smoking, Environment, ENDS, Herbal cigarette, Tobacco

Dekang's first breakthrough is the DKiss Menthol Flavor Roll-On, set to transform the smoking experience in several ways.

Key Points: 
  • Dekang's first breakthrough is the DKiss Menthol Flavor Roll-On, set to transform the smoking experience in several ways.
  • Dekang's second groundbreaking product — the DKiss Smokeless Nicotine Inhaler — offers a smoke-free supplement to traditional smoking and vaping.
  • Distinguished by its non-contact heating technology, the DKiss Smokeless Nicotine Inhaler sets itself apart from electronic vapes, ensuring a safer and smoother experience.
  • The DKiss Smokeless Nicotine Inhaler produces no smoke, making it suitable for use in any setting without impacting the environment or bystanders.

Dekang's Innovative Products - DKiss Menthol Flavor Roll-on for Cigarettes & Smokeless Nicotine Inhaler to be Debuted Globally at InterTabac 2023 in Germany

Retrieved on: 
Tuesday, September 12, 2023
Taste, Smoker, Herbal cigarette, Nicotine, Smoking, Environment, ENDS, Tobacco

Dekang's first breakthrough is the DKiss Menthol Flavor Roll-On, set to transform the smoking experience in several ways.

Key Points: 
  • Dekang's first breakthrough is the DKiss Menthol Flavor Roll-On, set to transform the smoking experience in several ways.
  • Dekang's second groundbreaking product — the DKiss Smokeless Nicotine Inhaler — offers a smoke-free supplement to traditional smoking and vaping.
  • Distinguished by its non-contact heating technology, the DKiss Smokeless Nicotine Inhaler sets itself apart from electronic vapes, ensuring a safer and smoother experience.
  • The DKiss Smokeless Nicotine Inhaler produces no smoke, making it suitable for use in any setting without impacting the environment or bystanders.

Kaival Brands to Present at H.C. Wainwright 25th Annual Global Investment Conference

Retrieved on: 
Friday, August 25, 2023
Interest, Stick, ENDS, Conference, KAVL, Cryptocurrency, Online shopping

GRANT-VALKARIA, Fla., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic nicotine delivery system (ENDS), which are intended for adults 21 and over, announced that management will be presenting virtually at the H.C. Wainwright 25th Annual Global Investment Conference.

Key Points: 
  • As part of the presentation, Eric Mosser, CEO and President of Kaival Brands, will discuss the Company’s product offerings, products in development, regulatory initiatives and efforts to drive revenue.
  • Interested parties may access the presentation beginning on September 11 at 7:00 A.M. (ET) via https://hcwevents.com/annualconference /.
  • Kaival Brands senior management will also be available for virtual one-on-one meetings.
  • The Company’s PowerPoint presentation being shown at the conference (as well as a replay of the Company’s presentation itself) will be available at: https://ir.kaivalbrands.com/events-and-presentations/default.aspx .