NetworkNewsBreaks – Kaival Brands Innovations Gr
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Posted On: 08/19/2021 4:09:21 PM
NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) Featured in Equity Research Report
Kaival Brands (NASDAQ: KAVL), a company focused on growing and incubating innovative and profitable products into mature and dominant brands, was featured in a recent equity research report. The coverage, launched by Argus Research, an independent investment research firm, highlights innovative vaping and tobacco-free nicotine delivery solutions manufactured by Bidi (R) Vapor LLC, for which Kaival Brands is the exclusive global distributor. “In our view, Kaival Brands is well positioned to expand sales of BIDI (R) nicotine delivery products. The company launched the BIDI (R) Stick in the U.S. in early 2020 and plans to launch a second product, the BIDI (R) Pouch, in 4Q21. The company is also expanding internationally, particularly in China, and developing a line of CBD products,” the report reads. “We think that Kaival Brands’ market cap near $150 million does not adequately reflect prospects for the expanded market adoption and distribution of BIDI (R) products. Based on our analysis using EV/sales multiples, our fair value estimate for KAVL is $22 per share, well above current levels.”
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 (NASDAQ: KAVL), a company focused on growing and incubating innovative and profitable products into mature and dominant brands, was featured in a recent equity research report. The coverage, launched by Argus Research, an independent investment research firm, highlights innovative vaping and tobacco-free nicotine delivery solutions manufactured by Bidi (R) Vapor LLC, for which Kaival Brands is the exclusive global distributor. “In our view, Kaival Brands is well positioned to expand sales of BIDI (R) nicotine delivery products. The company launched the BIDI (R) Stick in the U.S. in early 2020 and plans to launch a second product, the BIDI (R) Pouch, in 4Q21. The company is also expanding internationally, particularly in China, and developing a line of CBD products,” the report reads. “We think that Kaival Brands’ market cap near $150 million does not adequately reflect prospects for the expanded market adoption and distribution of BIDI (R) products. Based on our analysis using EV/sales multiples, our fair value estimate for KAVL is $22 per share, well above current levels.”
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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