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$KAVL Vaping Industry Reacts as FDA Deadline on Synthetic Nicotine Arrives
https://www.prnewswire.com/news-releases/vaping-industry-reacts-as-fda-deadline-on-synthetic-nicotine-arrives-301586691.html
Kaival Brands supports enforcement of new prohibition on ENDS that use non-tobacco derived or synthetic nicotine
GRANT, Fla., July 14, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for legal-age nicotine users, today announced its support of statements from Bidi Vapor, regarding its continuing support of the U.S. Food and Drug Administration (FDA)'s authority over electronic nicotine delivery systems (ENDS) devices using non-tobacco derived or "synthetic" nicotine. With the arrival of a major deadline on July 13, 2022 that will make the continued retail and distribution of all such products illegal, the Company hopes the FDA will use its powers to properly enforce its new policies. Bidi Vapor does not use synthetic nicotine in any product.
After July 13th, all synthetic nicotine products on the market will be in violation of the agency's new statutes and will be subject to FDA enforcement, unless they receive a marketing authorization from the FDA by July 13, 2022—a virtual impossibility, said officials with Bidi Vapor, based in Melbourne, Florida.
Retailers who keep these products on their store shelves could also face enforcement and penalties for selling "adulterated" tobacco products, according to the FDA guidelines.
"Now, with this new authority given to the FDA, all products containing nicotine from any source will have to undergo the same rigorous authorization process to legally go to market here in the United States," said Niraj Patel, Chief Science and Regulatory Officer of Kaival Brands. "More importantly, it focuses manufacturers who use synthetic nicotine to align with the FDA's priority of making these types of adult consumer products appropriate for the protection of the public health."
Patel cautioned retailers who continue to sell devices with synthetic nicotine after July 13th. "C-store retailers should pay close attention to what products are permitted for sale and are compliant with the requirements of the FDA, the Prevent All Cigarette Trafficking or PACT Act, and numerous state and local licensing and tax laws," Patel said. "We anticipate that as the FDA begins enforcement against illegally marketed and synthetic-nicotine vaping products, there may be an increased demand for the few remaining ENDS products made with tobacco-derived nicotine that are not currently subject to marketing denial orders, such as the BIDI® Stick."
Bidi Vapor announced its official position on synthetic nicotine in the Company's financial report published on September 14, 2021. It also shared its opinion directly with members of Congress and FDA leadership, most recently in letters to Dr. Robert Califf, the FDA commissioner, as well as Dr. Brian King, the new Director of FDA's Center for Tobacco Products.
"We hope retailers take a serious look at who their partners are," Patel said. "You want to partner with companies that comply with regulations and produce high-quality products. That's the only way the industry will survive and thrive in the future, prevent youth-access, and continue to offer adult smokers alternatives to combustible cigarettes."
Mr. Patel, the Company's Chief Science and Regulatory 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.
Theyre selling off anything they can now to make a run for thr exit before the company goes tits up. Watch in a few weeks Phillip Morris will make a purchase of Bidi from poohinder and they'll settle the contract with kavl by paying off the officers and the shareholders will be left holding bags
Another filing after the close. Are these guys taking us to the cleaners!!
Guess those in the know, sold at the $3 range and are buying it back now. Again, knowing what we do not
Niraj and Eric are making a killing!!!
I love how you're still trying to at least be optimistic. I wish I still had some of that in me.
And the dump begins. News at 6:08 this morning and lookout below. Unless they are selling to PM/Altria..........
Theyre getting ready to dump a massive amount of ahares on everyone before Poohinder sells bidi to Phillip Morris when he gets deported back to India because of SEC fraud and violations. These retards have never done anything in the best interests of any shareholders other than themselves.
Need to know who is running the ship now.
So is Eric Mosser still active at either of his former companies, where he is still listed as principal and employed, Chillcorp and Lasermycig? Looks like he has his wife or another Mosser watching Chillcorp. Time to dig in and see who these people really areSo is Eric Mosser still active at either of his former companies, where he is still listed as principal and employed, Chillcorp and Lasermycig? Looks like he has his wife or another Mosser watching Chillcorp. Time to dig in and see who these people really are
ImO.. Patel steps aside to work on another project while this bad boy runs itself... he's still on the board and very much involved with important decisions... watch for him to release a new product in a few months to add to the current product line... totally imo.. ppl selling on the news.. so grab some cheapies...
Interesting shuffling of the deck here.
Hopefully this is at the request of Phillip Morris and we start to see some movement based on the new partnership.
So is Eric Mosser still active at either of his former companies, where he is still listed as principal and employed, Chillcorp and Lasermycig? Looks like he has his wife or another Mosser watching Chillcorp. Time to dig in and see who these people really are. What makes Mosser worthy of this position?
Poor leadership, which just got even worse than it was.
Exactly, don’t know why it’s dropping
Hard to believe with recent news
this from most recent $PM 10q - shows $2.35B last qtr for reduced risk product- does that include chew and vape products? back of napkin calcs - say 4b annually is vape rev and 1b of that is $KAVL product x 2.75%= $27.5m annually to kavl pic.twitter.com/Jw6cMNaULZ
— rstar (@sixonehalfdoz) June 15, 2022
An offering will be coming any day now my bet is within the week.
KAVl: Decent Close on the day. There are a lot of ONE-DAY-WONDERS in the markets these days. But KAVL --- with PHILLIP MORRIS onboard now --- just might do pretty well for a LONG time. (See ya-all tomorrow!)
https://pulse2.com/kaival-brands-kavl-stock-price-why-it-surged-over-40-today/
https://www.prnewswire.com/news-releases/kaival-brands-reaches-agreement-with-philip-morris-international-for-international-electronic-nicotine-delivery-system-product-distribution-301566929.html
Ahh, I remember back when I was optimistic and bullish on this turd. 2+ years ago. Either way, I hope you're right and I'm wrong so I can finally break even on this hot garbage.
He WON'T, Dude --- fret not.
Just hope the amateur hour CEO doesn't go full retard and kill momentum
$kavl 4x the float going to at least trade today- shorts gonna get trapped-
licensing bidi stick to $153B dollar Phillip Morris is worth what?
I'd say more than the current market cap minimum.
THAT's for sure, BB!! (I know that this one has been one of your favorites for a LONG time. It will do VERY well now. And, it's a GOOD Company --- doing what they can to get Peeps, Teens, et al., OFF of TOBACCO smokes.)
It's CLOSED, Dude! PHILLIP MORRIS Company just made it official!!
agreed finally got the big thing we needed
think so man we're gonna get all kinds of sales now
I'm about to add to my position that I have been sitting on for a long long time. Does touching 1.98 close the gap or do we have to go all the way to 1.73 to officially close it?
KAVL: If we can get PAST the MM's shenanigans; and past the INSIDERS' shenanigans; and past the SHORTERS' shenanigans, inter alia, well, I THEN believe we can make some nice PROFITS here today!! Bottom line, I think the PHILLIP MORRIS Company just might have some very nice POSITIVE (upward) influence upon the PRICE of KAVL stock --- perhaps a little LATER during this instant trading day.
Heavy short interest has returned.
$KAVL #REKT
Welcome to the bagholders club nukavliers
"We have previously mentioned our intention to broaden our current smoke-free product portfolio for adults who would otherwise continue to smoke cigarettes or use other nicotine products. This agreement supports that vision and is another step toward accelerating the delivery of a smoke-free future. We are excited to start our agreement with Kaival Brands—led by CEO Niraj Patel—who shares the same vision as we do, to accelerate the end of combustible cigarette smoking," says PMI President E-Vapor, Ashok Rammohan.
https://www.pmi.com/smoke-free-products
The shorter will raep this all day long
oh ive been here and i hear ya. but one can get PTSD and feel like fabio hit by a goose on this rollercoaster and then miss out when they really finally run!
yes indeed this is a keeper now
Of course they're talking about it. It's one of the few things green in a sea of blood
I'd be cautious because I would only trust Patel as far as I could throw him. He's proved over and over again investors are the least of his worry and his only real concern is bidi profits since that's what benefits him.
im seeing some of the biggest names on twitter and in discord rooms talking $kavl
it is being noticed
unbelievably huge news $KAVL!!!! already crazy undervalued since fda flavor vape debacle- even after their stay win against fda -didn't recover -
whole float's trading in premarket this morning-
already trades at just 1.09 to sales with almost no debt-
https://finance.yahoo.com/quote/KAVL/key-statistics?p=KAVL
what increase in sales will partnering w freakin Phillip Morris internationally bring??!!!
just amazing - $10+ will come back- probably not today as will have to churn through day traders and the shorters- but as this new relationship becomes a reality-
new all-time highs have reentered the realm of possible here.
Just wait, I bet there is a lot more to come
Stocks is up 50%, no one is interested?
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