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Kaival Brands Innovations Group Inc. (NASDAQ:KAVL) It was in sharp focus among investors yesterday, possibly in reaction to a positive research report that had been published by Harbinger Research on October 9.
The Kaival Brands Innovations Group Inc. stock rallied by 38.16% yesterday amidst strong trading volumes, which were 8.5 times its average 30-day volumes. Harbinger classified the stock as a’strong buy’ in its report and went on to note that the company ramped up its sales channels considerably through the addition of 1500 new Circle K locations in the last quarter. Additionally, the royalties from the licensing deal with tobacco giant Phillip Morris International had also led to rapid growth in royalty earnings.