Kaival Brands Increases Revenues Nearly 44%, Expands Distribution Channels - Seite 2

Bidi Stick is a completely self-contained disposable product that is tamper-proof and recyclable. The innovative product is made from high-quality components and equipped with a long-lasting battery and class A nicotine. Its product engineering also includes a sensitivity control system, along with a proven mechanism designed to help identify and eliminate counterfeit products.

Available in 11 flavors, the Bidi Stick offers a premium vaping experience for adult consumers only. From its packaging design to its marketing strategies, Bidi Vapor makes sure that everything is compliant with government regulations. Bidi Sticks can also be purchased online for in-person delivery from any goPuff.com facility that has the ability to sell Bidi Sticks legally with proper age-verification gates within that state or municipality.

“Kaival Brands is also focusing on the future for all stockholders with the recent cancellation of 300 million shares of common stock, resulting in the Company currently having 277,282,630 total issued and outstanding shares of common stock and 3 million shares of Series A preferred stock. Kaival Brands also recently secured the services of InvestorBrandNetwork to assist the Company in brand awareness. We believe brand awareness is the first step in creating a more active daily trading base for our common stock. We also intend to explore other options in connection with our goal of expanding and growing our business and brand, such as public offerings of our equity, mergers and acquisitions, as well as possibly qualifying for an up-listing to Nasdaq,” Patel concluded.

*Use of Non-GAAP Financial Measures

To provide investors with additional information regarding financial results, this press release includes references to gross profit. Gross profit is determined by deducting the cost of revenue from operating revenue. Cost of revenue includes direct and indirect labor, materials, services, fixed costs and variable overhead. Gross profit should not be considered an alternative to operating income or net income, which are determined in accordance with GAAP. We believe that gross profit, although a non-GAAP financial measure, is useful and meaningful to investors as a basis for making investment decisions. It provides investors with information that demonstrates our cost structure and provides funds for our total costs and expenses. We use gross profit in measuring the performance of our business. Other companies may calculate gross profit in a different manner.