KAIVAL BRANDS INNOVATIONS GROUP
Kaival Brands (OTCQB: KAVL) achieves $100M in revenue in less than a year; Reconfirms Fiscal Year Revenue Guidance of $400M – $450M
Upside Surprise – Rev Guidance $450 Million For Year
These shares have increased more than TEN FOLD the past 6 months rising rapidly from $0.26 cents to over $0.88 cents before a slight pullback, then exploding through $1.09 reisitance hitting a 52 week high of $3.63 on Feb 12th . We look for a significant breakout above the recently established $3.00 support level to our TARGET of $4.50
Upside volume is significantly greater than downside volume, indicating buyers waiting in the sidelines All serious investors must place these shares on their BUY LIST –
The Company Reports Fiscal Year Q1 Revenues of $37m+ and Gross Profit of $4.7m
MELBOURNE, FL, March XX, 2021 (PR Newswire) – Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) (“Kaival Brands,” the “Company,” or “we”), is the exclusive global distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”). Bidi Vapor’s primary offering, the Bidi® Stick, is the fastest-growing closed system vaping product in the U.S. The tamper-resistant Bidi® Stick is also the only vape product on the market with an ecologically friendly, massrecycling program called Bidi® Cares. Kaival Brands also recently launched the Bidi® Pouch by Bidi Vapor, a tobacco-free nicotine pouch in six flavors.
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The company’s fiscal first quarter, ended January 31, 2021, achieved significant revenue and profitability milestones: The metrics posted during the quarter were the best to date; In under a year, it demonstrated the powerful market adoption of the Bidi® Stick by achieving its first $100 million in revenues.
More impressively, the company achieved this milestone despite the Q4 revenue re-start. Recall, during Q4 the company made the bold decision to wash out inventory and retool the entire product line in efforts to go “above and beyond” U.S. Food and Drug Administration (FDA) guidelines.
While the Q4 2020 decision slowed upward revenue trends, it underscores the company’s decision to always put the community first “People before profits, responsibility before revenue,” said Niraj Patel, president and CEO of Kaival Brands. From a comparative perspective, fiscal year 2021 Q1 revenues were $37.3 million vs revenues of $0 in fiscal year 2020 Q1. In addition to our excitement about reaching the $100 million landmark, we are even more excited about our profitability metrics. “Given the significant expenses associated with infrastructure, start-up costs, marketing, legal, and many other business necessities, we are proud of our ability to reach profitability so early on in our development,” said Eric Mosser, COO of Kaival Brands.
“The gross profit number provides a glimpse into our future net profits as we continue to scale the business in a smart and efficient operational manner. “ The company’s second fiscal quarter for 2021 is shaping up to include additional milestones. Kaival’s march to a Nasdaq listing continues with market maker commitment letters; concurrently. the company has created the internal infrastructure to soon formalize an extended
Board of Directors. From a revenue perspective, February and March have benefited from our new distribution partnerships as well as the roll out of the Bidi® Pouch. As such, we expect another step function increase in revenues for the second fiscal quarter ending April 31.
“Given our current visibility, we remain very confident in our full year fiscal year revenue guidance of $400 million-$450 million,” Patel said. Mr. Patel, the Company’s President, Chief Executive Officer and Chief Financial Officer, owns and controls Bidi Vapor. As a result, Bidi Vapor and the Company are considered under common control and Bidi Vapor is considered a related party.
Based in Melbourne, Florida, Bidi Vapor maintains a commitment to responsible marketing, supporting age-verification standards and sustainability through its Bidi® Cares recycling program. The company’s premiere device, the Bidi® Stick, is a premium product made with medical-grade components, a UL-certified battery, and technology designed to deliver a consistent vaping experience. Bidi Vapor is also adamant about strict compliance with all federal, state, and local guidelines and regulations. For more information, visit www.bidivapor.com – – – – – At BIDI® Vapor, innovation is key to our mission, with the BIDI® Stick promoting environmental sustainability while providing a unique vaping experience to adult smokers. Contributing to a smoke-free world for our future generations is in BIDI® Vapor’s DNA. Kaival Brands Innovations Group, Inc., Grant, Fla., is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Our vision is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation. Learn more about Kaival Brands Innovations Group, Inc., at www.kaivalbrands.com
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