$KAVL Kaival Brands Relaunches Distribution of BID
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Posted On: 06/14/2023 9:14:58 AM
$KAVL Kaival Brands Relaunches Distribution of BIDI® Stick in Over 1,000 Circle K Locations
https://www.globenewswire.com/news-release/20...tions.html
GRANT-VALKARIA, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"
, including the BIDI® Stick electronic nicotine delivery system (“ENDS”), which are intended for adults 21 and over, today announced the activation and initial shipment of BIDI® Sticks to over 1,000 Circle K locations, with a ramp up to 5,000 locations planned for the remainder of this year within the South Atlantic and Midwest regions of the United States.
“Following the recent, commendable increased enforcement by the FDA against bad actors in the ENDS industry, which we fully support, we are excited to announce the renewed rollout of the BIDI® Stick in Circle K, where the products will be made available for ID and age-verified adult tobacco users (21 and over). As of this week, we have activated over 1,000 new Circle K locations, with the goal of ramping up to 5,000 this year,” stated Eric Mosser, President & Chief Operating Officer of Kaival Brands. “Important milestones like this are a natural outgrowth of the marketing and distribution efforts previously announced as we’ve worked since late last year to educate retailers of the benefits of BIDI® Stick versus non-compliant competition. We are hopeful that our efforts will continue open doors for us and increase our revenues during 2023 and beyond, and we look forward to continuing to expand the reach of the BIDI® Stick with retail partners like Circle K who share our commitment to compliance and youth-access prevention.”
https://www.globenewswire.com/news-release/20...tions.html
GRANT-VALKARIA, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"
, including the BIDI® Stick electronic nicotine delivery system (“ENDS”), which are intended for adults 21 and over, today announced the activation and initial shipment of BIDI® Sticks to over 1,000 Circle K locations, with a ramp up to 5,000 locations planned for the remainder of this year within the South Atlantic and Midwest regions of the United States. “Following the recent, commendable increased enforcement by the FDA against bad actors in the ENDS industry, which we fully support, we are excited to announce the renewed rollout of the BIDI® Stick in Circle K, where the products will be made available for ID and age-verified adult tobacco users (21 and over). As of this week, we have activated over 1,000 new Circle K locations, with the goal of ramping up to 5,000 this year,” stated Eric Mosser, President & Chief Operating Officer of Kaival Brands. “Important milestones like this are a natural outgrowth of the marketing and distribution efforts previously announced as we’ve worked since late last year to educate retailers of the benefits of BIDI® Stick versus non-compliant competition. We are hopeful that our efforts will continue open doors for us and increase our revenues during 2023 and beyond, and we look forward to continuing to expand the reach of the BIDI® Stick with retail partners like Circle K who share our commitment to compliance and youth-access prevention.”
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