Kaival Brands Innovations Group Inc (KAVL)

[daiello]

I think KAVL is set up so that if anything were to happen to Bidi Vapor, whether FDA related, or lawsuit related, KAVL, the shareholders, etc would not be held responsible for any wrong doing. KAVL is all about the distribution channels, so even if Bidi Sticks go away, our CEO can set up a new company, produce a new product and utilize the KAVL distribution network.

The only way we, as in KAVL, can remain safe and not liable for Bidi Vapor, despite having the same CEO, is by keeping the entities completely separate. Failing to keep the entities separate will result in piercing the corporate veil and in the end will bring down both KAVL and Bidi Vapor.

I think this way because our CEO has numerous businesses with all different types of products. CBD, CBD drinks, etc. Again, the only reason to keep them all separate is to avoid liability. If a bad CBD product comes out and kills people, it's not going to hit KAVL, or Bidi Vapor, etc, because it's related to the CBD company.

I believe that if KAVL were to pay for anything FDA related, it would result in piercing the corporate veil and opening up the entire company to liability. Bidi Stick is not KAVL's product thus we shouldn't care about it's financials. Obviously we do somewhat care since if they aren't profitable, who knows how long they will continue in business, but that's not the point of what I'm saying.