Kaival Brands announces new retail distribution agreements

Kaival Brands Innovations announced that it has over the past few months entered into new retail distribution agreements representing potential new distribution to approximately 13,500 locations. Under the terms of the agreements, BIDI Stick will initially be activated in 700 locations, with another 1,500 locations expected within the next 90 days. "We are excited to announce these significant new distribution agreements, totaling up to 13,500 new locations, as we look to continue the ramp up of marketing and sales activity for BIDI(R) Stick. Since Bidi Vapor succeeded in its merits case against the FDA vacating FDA’s marketing denial order for ENDS products in August 2022, we have seen a resurgence of interested retailers and potential distributors," stated Eric Mosser, President and Chief Operating Officer of Kaival Brands. "While the FDA continues to move slowly in enforcing against bad actors, major retailers are showing their commitment to e-cigarettes as a category and using corporate discretion to select brands that are committed to youth-access prevention and responsible marketing of adult products. We believe our products fit squarely in this category, and we are hopeful that this positioning will lead to greater revenues for Kaival Brands during 2023."