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Wait till they start attaching some revenues to these releases.
I had a feeling something was brewing from that after hours volume
Someone is buying lots of this. Should run to 2.50 soon
Yep looking good. Grabbed some 1.68s
International Licensing Agreement between Kaival Brands & Philip Morris International Moves into Next Phase
July 25 2022 - 08:02AM
Bidi Vapor IP, patents, and development methods used to launch VEEBA outside of the U.S.
GRANT, Fla., July 25, 2022 /PRNewswire/ -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today reported on the launch of PMI's custom-branded self-contained e-vapor product, VEEBA, in Canada. This follows a recently announced international licensing agreement with Philip Morris Products S.A. Kaival Brands is the U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for legal-age nicotine users.
(PRNewsfoto/Kaival Brands)
Bidi Vapor IP, patents, and development methods used to launch VEEBA outside of the U.S.
The product, a self-contained e-vapor device, VEEBA, has been custom developed and is now being distributed in Canada, pursuant to the licensing agreement. The agreement covers the development, licensing, and distribution of ENDS products in certain markets outside of the United States, pending further regulatory assessments.
"The Agreement with Philip Morris Products was a remarkable accomplishment for the company and now we have advanced to the next phase of international distribution with the actual launch of their custom branded product, VEEBA. We are excited to support PMI's efforts to provide a range of alternatives compared to cigarettes. The commercialization of VEEBA complements PMI's already strong smoke-free portfolio, providing adult smokers with an even broader range of usage, taste, price, and technology options," said Eric Mosser, President and Chief Operating Officer of Kaival Brands.
The International Agreement grants to PMPSA a license of certain intellectual property rights relating to KBI's premium ENDS device, known as the BIDI® Stick in the U.S., as well as potentially newly developed devices, to permit PMPSA to manufacture, promote, sell, and distribute such ENDS device and newly developed devices, in certain international markets, outside of the United States, with potential royalties owed to KBI as per the terms of the Agreement.
ABOUT BIDI VAPOR
Based in Melbourne, Florida, Bidi Vapor maintains a commitment to responsible adult-focused marketing, strict youth access prevention measures, and age-verification standards, as well as sustainability through its BIDI® Cares recycling program. Bidi Vapor's device, the BIDI® Stick, is a premium product made with high-quality components, a UL-certified battery, and technology designed to deliver a consistent vaping experience for adult smokers 21 and over. 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.
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.
For more information, visit www.bidivapor.com
ABOUT KAIVAL BRANDS
Based in Grant, Florida, 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. Kaival Brands and Philip Morris International Inc. are the exclusive global distributors of products manufactured by Bidi Vapor.
Learn more about Kaival Brands at www.ir.kaivalbrands.com
I think it is a very good time to own KAVL, very
The volume the last 5 days in the after hours is very strange
What's up with the jump in SP the last couple of days. Anyone hear anything or is it a "dead cat bounce"?
$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
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