International Licensing Agreement between Kaival Brands & Philip Morris International Moves into Next Phase
GRANT, Fla., July 25, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today reported on the launch of PMI's custom-branded self-contained e-vapor product, VEEBA, in Canada. This follows a recently announced international licensing agreement with Philip Morris Products S.A. Kaival Brands is the U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for legal-age nicotine users.
- The agreementcoversthe development,licensing,and distribution ofENDSproducts in certain markets outside of the UnitedStates, pending further regulatoryassessments.
- "TheAgreement with Philip MorrisProducts was aremarkable accomplishmentfor thecompany andnowwe haveadvanced to the next phase of international distribution with theactuallaunch of theircustom branded product,VEEBA.
- Based in Grant, Florida, Kaival Brands Innovations Group, Inc., is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets.
- Kaival Brands and Philip Morris International Inc. are the exclusive global distributors of products manufactured by Bidi Vapor.