- Recently uplisted to Nasdaq, trading under symbol “KAVL”
- KAVL plans to launch proprietary line of CBD products under its Kaival Labs subsidiary, marking the first Kaival-branded product
- Company sent LOI to potential launch partner for in-house and white-label production
Following its recent uplist to the Nasdaq exchange, Kaival Brands Innovations Group (NASDAQ: KAVL), a company focused on growing and incubating innovative and profitable products into mature and dominant brands, recently announced plans to launch a new line of cannabidiol (“CBD”) products (https://ibn.fm/7Lcd4).
The company intends to follow a similar design path set by its highly successful Bidi(R) Stick product, using the same first-in-class, patented delivery mechanism that gives its loyal consumer base a unique and premium vaping experience. Along with providing users with a convenient, smoke-free delivery method for CBD, KAVL’s industrial-grade hemp formula promises greater bio-availability than many market competitors, resulting in less product used and an overall superior consumer experience.
“I am excited to announce the upcoming launch of our new, lab-developed, proprietary CBD products,” said Kaival Brands Founder and CEO Niraj “Raj” Patel. “Our mission is to set new industry standards by providing the highest quality and most effective products in the hemp CBD marketplace. Our focus is to help people improve their lives by providing a product that maximizes the potential health benefits hemp CBD has to offer.”
As part of KAVL’s go-to-market strategy, the company recently announced that it sent an LOI to a potential launch partner to produce its hemp-based products in addition to white-label, wholesale solutions for other product manufacturers.
“We are excited for both new and existing adult consumers 21 and older to experience the same class-leading quality that they have become accustomed to with our BIDI(R) Stick offering, which is the number one ENDS product in the U.S. market,” said Patel. “Our agenda has not changed. Our goal is to continue to develop and market alternatives for current adult users of combustible tobacco looking to transition away from legacy tobacco products. Our new Hemp product line represents another avenue in fulfilling our mission.”
All CBD products proposed by KAVL will be produced and distributed in compliance with the 2018 Farm Bill that defines hemp as the plant Cannabis sativa and any part of the plant with a delta-9 THC concentration of not more than 0.3 percent by dry weight. In addition, KAVL is committed to responsible marketing, strictly supports age-verification standards, and maintains compliance with all federal, state, and local guidelines and regulations.
Headquartered in Grant, Florida, Kaival Brands Innovations Group Inc. operates under a mission to set the highest standard and elevate the adult consumer experience for vaping. The company was recently uplisted to Nasdaq and is now trading under the symbol “KAVL”.
For more information, visit the company’s website at www.KaivalBrands.com.
NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL
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