Share structure: 23M float, 572,364,574 outstanding no convertible notes https://www.otcmarkets.com/stock/KAVL/profile
On 3/9/20: Kaival Brands Innovations Group, Inc enters into exclusive distribution agreement with Bidi Vapor, LLC with website: https://bidivapor.com/ https://www.otcmarkets.com/stock/KAVL/news/story?e&id=1549447
On 4/6/20: KAIVAL BRANDS ENTERS INTO NON-EXCLUSIVE SUB-DISTRIBUTION AGREEMENT WITH MINIMUM PURCHASE OBLIGATIONS https://www.otcmarkets.com/stock/KAVL/news/story?e&id=1569208
On 4/13/20: Kaival Brands Enters Into a Second Non-Exclusive Sub-Distribution Agreement With Minimum Purchase Obligations (Favs Business, LLC) https://www.otcmarkets.com/stock/KAVL/news/story?e&id=1573917
10Q out with huge numbers! $22M in revs, qtr profits of $4.2M ending 4/30 wowsa, potential for uplisting at some pt.
PR explaining results:
Kaival Brands Accelerates Growth with Bidi™ Vapor Partnership
Generates Revenues of Approximately $22.5 million for the first half of fiscal 2020 https://www.otcmarkets.com/stock/KAVL/news/story?e&id=1612302
We earned $.0049 per share.
A normal PE ratio for established LARGE corporations is 15-20x ANNUAL EARNINGS.
If we assume the same net income for the next four quarters, we will be at an EPS of $0.02.
$0.02 * 15x P/E = $0.30
$0.02 * 20x P/E = $0.40
Considering this was only 2 months, we could see as high as a $0.03 EPS, moving the share price to $0.45 - $0.60.
Keep in mind, this estimate is at a 0% growth. If they grow at all, even a small 10%, this numbers will increase very quickly.