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GRANT-VALKARIA, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands" or the "Company,"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), on Monday announced its financial results for the fiscal 2024 first quarter ended January 31, 2024 and provided a business update. Recent Business Highlights Reduced net inventories to $2.1 million as of January 31, 2024, down 49.5% from $4.1 million as of October 31, 2023.Terminated service agreement with QuikFillRx (d/b/a Kaival Marketing Services), the third-party service provider responsible for increasing sales of Bidi Sticks, effective February
GRANT-VALKARIA, Fla., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands," the "Company" or "we," "our" or similar terms), today announced a general business outlook update. The Company has been actively maintaining an outlook of positive change as it seeks to grow in a diversified way. UNPRECEDENTED EARLY GROWTH In less than 12 months of initial operations, Kaival Brands achieved over $100 million in gross revenues through distribution of the BIDI® Stick. Since then, the Company has continued to navigate significant regulatory turbulence within the domestic United States ENDS market. To augment our core offering, the Company has con
New broker and distribution agreements as well as FDA enforcement efforts against non-compliant ENDS products creates opportunities for Kaival Brands to open larger customer accounts for its core BIDI® Stick distribution business Transformative intellectual property acquisition brings promise for the future New independent board members beginning to bring value to the company GRANT-VALKARIA, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands," the "Company" or "we," "our" or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic nicotine
GRANT-VALKARIA, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL), a Delaware corporation ("Kaival" or the "Company") and the exclusive U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), and Delta Corp Holdings Limited, a company incorporated in England and Wales ("Delta") and a privately held holding company for global businesses engaged in Bulk & Energy logistics, fuel supply, commodities, and asset management, today jointly announced the confidential submission with the U.S. Securities and Exchange Commission ("SEC") of a draft registration statement on Form F-4 ("Registration Statemen
Proposed business combination will create a public company engaged in Bulk & Energy logistics, fuel supply, commodities, and asset management related services that operates an asset-light business modelDelta has a multinational footprint which facilitates the global trade of energy, raw materials, and agricultural products Delta has an established and diversified customer base leading to revenue of over $619 million for fiscal year ended December 31, 2023Transaction to be completed at a 359% premium to Kaival Brands current stock price, translating into an implied price per share of $2.66 GRANT-VALKARIA, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc., (NASD
GRANT-VALKARIA, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc., (NASDAQ:KAVL) ("Kaival Brands", the "Company"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), today announced the closing of its previously announced public offering of 3,921,500 units at a public offering price of $1.53 per unit (the "Offering"). Each unit consisted of one share of common stock (or one pre-funded warrant to purchase one share of common stock in lieu thereof) and one and one-half common warrants to purchase one and one-half shares of common stock. The common warrants have an exercise price of $1.53 per share, are exercisable immedi
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite moving lower on Friday. The Dow traded down 0.01% to 39,133.99 while the NASDAQ fell 0.21% to 17,683.49. The S&P 500 also fell, dropping, 0.19% to 5,462.56. Check This Out: Apple To Rally Over 14%? Here Are 10 Top Analyst Forecasts For Friday Leading and Lagging SectorsCommunication services shares jumped by 0.7% on Friday. In trading on Friday, information technology shares fell by 0.6%. Top Headline Shares of FactSet Research Systems Inc (NYSE:FDS) gained around 3% on Friday after the company posted better-than-expected first-quarter earnings. FactSet Research reported third-quarter fiscal 20
Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) fell sharply during Friday's session after the company announced pricing of $6.0 million public offering. Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit. Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers American Rebel Holdings, Inc. (NASDAQ:AREB) shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors. Sharecare, Inc. (NASDAQ:SHCR) jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.
U.S. stocks traded mixed midway through trading, with the Dow Jones index edging higher on Friday. The Dow traded up 0.02% to 39,142.01 while the NASDAQ rose 0.08% to 17,735.71. The S&P 500, however, fell 0.05% to 5,470.35. Check This Out: Apple To Rally Over 14%? Here Are 10 Top Analyst Forecasts For Friday Leading and Lagging SectorsCommunication services shares jumped by 0.7% on Friday. In trading on Friday, financial shares fell by 0.7%. Top Headline Shares of CarMax Inc (NYSE:KMX) gained around 2% on Friday after the company released first-quarter results. The company reported a first-quarter FY25 total net sales and operating revenues decline of 7.5% year-on-year t
GRANT-VALKARIA, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands," the "Company," or "we") today announced that it has expanded the role of Barry M. Hopkins, Executive Chairman, to include the positions of Interim Chief Executive Officer & President. Former Chief Executive Officer & President, Eric Mosser, has been appointed Chief Executive Officer & President of Kaival Brands International, the Company's subsidiary which has an international licensing relationship with Philip Morris Products S.A., a wholly owned affiliate of Philip Morris International Inc. (NYSE:PM). Niraj Patel, Founder & Chief Science Officer of Kaival Brands
GRANT-VALKARIA, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has appointed James W. Dobbins as General Counsel effective December 5, 2023. Barry Hopkins, Executive Chairman of Kaival Brands, said, "James Dobbins has extensive experience advising companies on a breadth of legal matters, and importantly, he also has a deep, relevant understanding of industry business operations, including corporate governance, M&A, international sourcing, and compliance matters. Along with an anticipated reduction in legal expenses, we are thrilled to welcome James to guide and assist our execut
GRANT-VALKARIA, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has expanded the role of Mr. Barry Hopkins, Chairman of the Board, to the new position of Executive Chairman. In this role, Mr. Hopkins will serve as Kaival Brands' principal executive officer. Current President and Chief Executive Officer, Mr. Eric Mosser, will continue to manage day-to-day operations of the Company. Mr. Hopkins joined Kaival Brands as Chairman of the Board in March 2023. He is a 40-year tobacco industry veteran with deep operational experience and industry contacts. With his expanded responsibiliti
8-K - Kaival Brands Innovations Group, Inc. (0001762239) (Filer)
8-K - Kaival Brands Innovations Group, Inc. (0001762239) (Filer)
8-K - Kaival Brands Innovations Group, Inc. (0001762239) (Filer)
SC 13G - Kaival Brands Innovations Group, Inc. (0001762239) (Subject)
3 - Kaival Brands Innovations Group, Inc. (0001762239) (Issuer)
3 - Kaival Brands Innovations Group, Inc. (0001762239) (Issuer)
4 - Kaival Brands Innovations Group, Inc. (0001762239) (Issuer)