NetworkNewsBreaks – Kaival Brands Innovations Gr
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Posted On: 02/03/2021 2:49:20 PM
NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Enters Strategic Agreement with Potential to Triple Its Distribution Points
Kaival Brands (OTCQB: KAVL), a company focused on generating stockholder value by incubating innovative products into mature and dominant brands, is the exclusive global distributor of all products manufactured by Bidi Vapor LLC. This includes Bidi Vapor’s primary offering, the Bidi(R) Stick, as well as the Bidi(R) Pouch, a tobacco-free nicotine pouch. Today Kaival Brands announced its entry into an agreement with H.T. Hackney Co., a longstanding convenience store distribution leader, under which Hackney can now purchase the Bidi(R) Sticks for distribution. This new partnership with Knoxville, Tennessee-based, 100-year-old Hackney, with over 20 distribution centers throughout the Southeast and Midwest supporting approximately 25,000 convenience stores, represents Kaival Brands’ largest single distribution agreement to date. “We are enthusiastic and humbled by Hackney’s embrace of the Bidi(R) Stick. This new agreement has the potential to triple our distribution points, which, if that occurs, could increase our previously forecasted revenue projections,” said Niraj Patel, CEO of Kaival Brands. “It is an honor to be affiliated with a company of Hackney’s stature and history, and further validates the innovative Bidi(R) Stick as a category leader. We look forward to a very fruitful relationship.”
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 generating stockholder value by incubating innovative products into mature and dominant brands, is the exclusive global distributor of all products manufactured by Bidi Vapor LLC. This includes Bidi Vapor’s primary offering, the Bidi(R) Stick, as well as the Bidi(R) Pouch, a tobacco-free nicotine pouch. Today Kaival Brands announced its entry into an agreement with H.T. Hackney Co., a longstanding convenience store distribution leader, under which Hackney can now purchase the Bidi(R) Sticks for distribution. This new partnership with Knoxville, Tennessee-based, 100-year-old Hackney, with over 20 distribution centers throughout the Southeast and Midwest supporting approximately 25,000 convenience stores, represents Kaival Brands’ largest single distribution agreement to date. “We are enthusiastic and humbled by Hackney’s embrace of the Bidi(R) Stick. This new agreement has the potential to triple our distribution points, which, if that occurs, could increase our previously forecasted revenue projections,” said Niraj Patel, CEO of Kaival Brands. “It is an honor to be affiliated with a company of Hackney’s stature and history, and further validates the innovative Bidi(R) Stick as a category leader. We look forward to a very fruitful relationship.”
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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