NetworkNewsBreaks – Kaival Brands Innovations Gr
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Posted On: 09/14/2020 3:18:39 PM
NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Announces Q3 2020 Results with Increased Revenues, Significant Sales Growth
Kaival Brands (OTCQB: KAVL), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, today announced financial results for its fiscal 2020 third quarter ended July 31, 2020. Among the highlights, the company reported revenues of approximately $32.4 million for the third quarter of fiscal 2020 compared to $0 in the same period of the prior fiscal year. “We had an extremely busy and fruitful third fiscal quarter. We experienced a rising demand for our exclusively distributed premium product, the Bidi(TM) Stick. We have seen an increase in sales of almost 44% from the previous quarter, with our sales growth occurring mostly organically through smaller distribution channels and wholesalers,” said Niraj Patel, president and CEO of Kaival Brands, in the news release. “Now in the fourth fiscal quarter, we are focused on expanding our distribution into large national retailers and convenience chains.”
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 growing and incubating innovative and profitable products into mature, dominant brands, today announced financial results for its fiscal 2020 third quarter ended July 31, 2020. Among the highlights, the company reported revenues of approximately $32.4 million for the third quarter of fiscal 2020 compared to $0 in the same period of the prior fiscal year. “We had an extremely busy and fruitful third fiscal quarter. We experienced a rising demand for our exclusively distributed premium product, the Bidi(TM) Stick. We have seen an increase in sales of almost 44% from the previous quarter, with our sales growth occurring mostly organically through smaller distribution channels and wholesalers,” said Niraj Patel, president and CEO of Kaival Brands, in the news release. “Now in the fourth fiscal quarter, we are focused on expanding our distribution into large national retailers and convenience chains.”
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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