GRANT, Fla., March 25, 2021 /PRNewswire/ --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"), which products are intended exclusively for adults 21 and over. Bidi Vapor's primary offering, the BIDI® Stick, is the fastest-growing closed system disposable electronic nicotine delivery system ("ENDS") in the U.S. The tamper-resistant BIDI® Stick is also the only ENDS on the market with an ecologically friendly, mass-recycling program called Bidi® Cares. Kaival Brands also recently launched Bidi Vapor's BIDI ® Pouch, a tobacco-free nicotine pouch in six flavors.
Kaival Brands announced that recent news from China regarding increased supervision over the e-cigarette category is a welcomed development for the distributor of the BIDI® Stick disposable ENDS. Having taken arduous and often herculean steps to remain compliant with all government regulations, Kaival Brands and the leadership at Bidi Vapor hope that additional supervision of e-cigarette manufacturing will help raise standards for the devices worldwide. "Creating high-quality, viable alternatives for adult smokers aged 21 and over is a difficult and expensive task," said Niraj Patel, president and Chief Executive Officer of Kaival Brands. "It's not for the faint of heart, but for us, it's a matter of integrity and our commitment to quality."
Patel went on to clarify, "The Chinese government's decisions will have no effect on Bidi Vapor or Kaival Brands and their respective operations, as each company has always been in full compliance with all U.S. requirements and regulations."
The state-run Global Times reported in mid-March that China's State Tobacco Monopoly Administration has drafted regulations that will pave the way for a new "market supervision mechanism" for the ENDS industry. The measure is now undergoing a public opinion phase until April 22, the Global Times reported. In 2019, the Chinese government halted the sale of ENDS on e-commerce platforms, the Global Times reported.
About Bidi Vapor
Based in Melbourne, Florida, Bidi Vapor, LLC, 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. At Bidi Vapor, innovation is key to its 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.
Based in Grant, Florida, Kaival Brands 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. Kaival Brands is the exclusive global distributor of all products manufactured by Bidi Vapor.
This press release includes statements that constitute "forward-looking statements" within the meaning of federal securities laws, which are statements other than historical facts that frequently use words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "position," "should," "strategy," "target," "will," and similar words. All forward-looking statements speak only as of the date of this press release. Although we believe that the plans, intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions, or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such statements. Our business may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect results, and are often beyond our control. Factors that could cause or contribute to such differences include, but are not limited to, the approval of our application for listing on the Nasdaq Capital Market; the duration and scope of the COVID-19 pandemic and impact on the demand for the products we distribute; the actions governments, businesses, and individuals take in response to the pandemic, including mandatory business closures and restrictions on onsite commercial interactions; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that we could take to reduce operating costs; our inability to generate and sustain profitable sales growth; circumstances or developments that may make us unable to implement or realize anticipated benefits, or that may increase the costs, of our current and planned business initiatives; changes in government regulation or laws that affect our business; and those factors detailed by us in our public filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Except as required under the federal securities laws and the Securities and Exchange Commission's rules and regulations, we do not have any intention or obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise.