$KAVL Kaival Brands Announces Bulk Order for BIDI
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Posted On: 09/14/2023 9:03:06 AM
$KAVL Kaival Brands Announces Bulk Order for BIDI Sticks from H.T. Hackney
https://www.globenewswire.com/news-release/20...ckney.html
GRANT-VALKARIA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”), which are intended for adults 21 and over, today announced that it has shipped a bulk order of BIDI® Sticks to H.T. Hackney Co. (“Hackney”), one of the largest wholesale distributors in the United States.
The order is valued at more than $750,000 and was shipped in the fourth quarter of fiscal year 2023. H.T. Hackney had not ordered more than $100,000 of BIDI® Stick product in a single order since March 2023.
Eric Mosser, Chief Executive Officer & President of Kaival Brands, said, “This bulk order represents the resumption of activity with one of our key distribution partners and is an important step towards accelerating our product sales. Hackney is a long-term, dedicated distributor that recognizes the important business value of only distributing compliant and legitimate, non-illicit ENDS products and shares our commitment to championing youth-access prevention. Given recent enforcement efforts by the FDA to address the problem of illicit and illegal vaping products, we are optimistic that this bulk order is an indication of a positive trajectory in revenue growth.”
https://www.globenewswire.com/news-release/20...ckney.html
GRANT-VALKARIA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”), which are intended for adults 21 and over, today announced that it has shipped a bulk order of BIDI® Sticks to H.T. Hackney Co. (“Hackney”), one of the largest wholesale distributors in the United States.
The order is valued at more than $750,000 and was shipped in the fourth quarter of fiscal year 2023. H.T. Hackney had not ordered more than $100,000 of BIDI® Stick product in a single order since March 2023.
Eric Mosser, Chief Executive Officer & President of Kaival Brands, said, “This bulk order represents the resumption of activity with one of our key distribution partners and is an important step towards accelerating our product sales. Hackney is a long-term, dedicated distributor that recognizes the important business value of only distributing compliant and legitimate, non-illicit ENDS products and shares our commitment to championing youth-access prevention. Given recent enforcement efforts by the FDA to address the problem of illicit and illegal vaping products, we are optimistic that this bulk order is an indication of a positive trajectory in revenue growth.”
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