Kaival Brands Innovations Group Inc (KAVL)

[Shepo69]

I would say , the run to 36. ( 3.60 area pre split) was due to a number of things.. KAVL was a revers merger play. Which ran to about .80 pre split then settled around .30 for a bit. Then sales numbers started coming in, and they were doing very well, so it started up again, then they were forecasting 400mil in sales for the year, and a up list to Nasdaq. ( this was before all the FDA stuff, so around then is when it ran to 3.60, then pulled back a bit to around the 2.00 area.( again pre split) Don't recall the exact timeline, but one of the Q's numbers were not very good because they were pulling all of their product to rebrand it to be proactive about FDA guidance and trying to be proactive about this FDA thing, then to up list to the Nas, they did a 1 for 12 reverse split, which didn't sit well, then due to the up coming FDA dead line, many of their distributors started holding off buying more product. Also covid was mixed in there, which also hurt their numbers.
Finally the MDO for all but Tabaco flavor was the final blow.
That's it in a nutshell.