Breaking News: Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) Announces Launch of BidiTM Pouch, BidiTM Vapor’s Newest Smokeless Nicotine Product | Financial Buzz

Breaking News: Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) Announces Launch of BidiTM Pouch, BidiTM Vapor’s Newest Smokeless Nicotine Product

Kaival Brands Innovations Group, Inc. (OTCQB: KAVL), a company focused on generating shareholder value by incubating innovative products into mature and dominant brands within their respective markets. Bidi™ Vapor, LLC, will soon launch the Bidi™ Nicotine Pouch. Engineered to provide a premium smokeless nicotine experience to its users, the Bidi™ Pouch is made from a tobacco-free nicotine formulation packed into an on-the-go pouch.

Worldwide, the nicotine-pouch sector is projected to grow to $3.35 billion by 2025, up from $637.8 million in 2019, according to Market Study Report, LLC. The category has continued to explode recently, with New York-based Nielsen reporting an increase in unit sales of 498% in U.S. convenience stores over the 24 weeks ending May 30, 2020.

The Bidi™ Pouch is poised to take advantage of Bidi’s proprietary nicotine-delivery method on the heels of the growing popularity of the Bidi™ Stick. Having established a strong wholesale-distribution network with its premium vape pen, the Bidi™ Stick, will allow for immediate distribution of the BidiTM Pouch through existing channels. BidiTM Vapor continues to expand its partnerships with nationally recognized convenience retail chains such as Circle K and Fas Mart. Pending inventory ramp up, the company has positioned itself for rollout in more than 10,000 more partner locations within the quarter. With its existing distribution network from the BidiTM Stick, the company seeks to capitalize by launching this new line of smokeless tobacco products to provide a new line of industry-leading quality products.

Based on Nielsen’s 52-week data ending on October 17, 2020, via Goldman Sachs, the BidiTM Stick by BidiTM Vapor has emerged as a top five category player, having captured 7.4% market share, equal to $23.8 million, since launch. Dollar sales displayed industry-leading growth of 2333.9% during the previous 4-week period. BidiTM Stick continues to expand and currently has an absolute dollar market share of 11.2% over the last 12-week period.

The BidiTM Pouch is the latest product of BidiTM Vapor, the manufacturer of the premium Bidi™ Stick. It is a nicotine delivery product available in a small package for an on-the-go and smoke-free nicotine experience. It contains a specialized TFN (Tobacco-Free Nicotine), devoid of tobacco leaf impurities, clean, 99.5% pure, and economical to produce.

“We are excited to introduce the BidiTM Pouch to adult consumers,” said Niraj Patel, CEO of Kaival Brands. “This is one several initial steps we are taking towards our goal of providing improved products that are more sustainable. The BidiTM Pouch does not contain any tobacco-derived substance. and we look forward to seeing its performance in the market.”  

Kaival Brands’ exclusive partnership and distribution deal with BidiTM Vapor started in March of 2019. The first several months have shown substantial growth of up to $54.8 million.  Following tremendous progress in 2020, both companies are eager to start the new quarter by bringing a new product line to the 21-and-over adult market. Engineered to the same customer experience standards as the BidiTM Stick, the BidiTM Pouch is geared to set similar new sales records within its market.

The BidiTM Pouch is available for wholesale pre-orders via its website, www.bidipouch.com. Learn more about Kaival Brands Innovations Group, Inc., at www.kaivalbrands.com.

– – – – –

Kaival Brands Innovations Group, Inc., 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.

Sponsored Content Release. Click for Full Disclosure

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For kaival brands innovations group, inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated three thousand dollars by meridian ventures. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.