Kaival Brands Expands Bidi Vapor Distribution

• Kaival Brands Innovations Group Inc (NASDAQ:KAVL) has expanded its wholesaler and retailer distribution accounts for Bidi Vapor LLC, which are expected to reach 28,000 additional stores.
• "We anticipate the activation of approximately 3,900 new store locations over the next 45 days, including one new major retailer having already placed orders totaling more than $1.1 million," said CEO Niraj Patel.
• Kaival Brands anticipates marketing and selling all 11 flavored BIDI Sticks, subject to the FDA's enforcement discretion. 
• Last September, the FDA issued its marketing denial order (MDO) to Bidi Vapor. Bidi Vapor secured the judicial stay of the MDO in February 2022.
• Bidi Vapor's flavored electronic nicotine delivery systems (ENDS) are now declared legal to sell, pending resolution of the ongoing litigation.
• Price Action: KAVL shares are trading higher by 8.68% at $1.32 on the last check Monday.