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Posted On: 12/07/2020 3:35:37 PM
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NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Eyes Opportunity in Multibillion Global Market
Kaival Brands (OTCQB: KAVL), a company focused on developing products into mature, dominant brands, has achieved significant recent success with the Bidi (TM) Stick—an innovative nicotine device designed to provide adult smokers with a premium vaping experience. Kaival Brands operates as the sole distributor for the product and, after experiencing mostly organic growth through smaller distribution channels and wholesalers, is now “more closely focused on expanding distribution into large national retailers and convenience chains,” according to Kaival Brands CEO Niraj Patel. A recent article discussing the company’s positioning reads, “Despite the Bidi (TM) Stick’s impressive growth trajectory to date, Kaival Brands has yet to fully take advantage of the growth opportunities available within the global addressable e-cigarette market. A recent study carried out by Global Industry Analysts Inc. found that the global market for e-cigarettes, estimated at $16.9 billion in 2020, was projected to rise to an annual value of $59.3 billion by 2027, growing at a CAGR of 19.6% over the seven-year period (https://nnw.fm/cfiQk).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Kaival Brands (OTCQB: KAVL), a company focused on developing products into mature, dominant brands, has achieved significant recent success with the Bidi (TM) Stick—an innovative nicotine device designed to provide adult smokers with a premium vaping experience. Kaival Brands operates as the sole distributor for the product and, after experiencing mostly organic growth through smaller distribution channels and wholesalers, is now “more closely focused on expanding distribution into large national retailers and convenience chains,” according to Kaival Brands CEO Niraj Patel. A recent article discussing the company’s positioning reads, “Despite the Bidi (TM) Stick’s impressive growth trajectory to date, Kaival Brands has yet to fully take advantage of the growth opportunities available within the global addressable e-cigarette market. A recent study carried out by Global Industry Analysts Inc. found that the global market for e-cigarettes, estimated at $16.9 billion in 2020, was projected to rise to an annual value of $59.3 billion by 2027, growing at a CAGR of 19.6% over the seven-year period (https://nnw.fm/cfiQk).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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