Kaival Brands Launches Distribution of BIDI Stick in Over 900 Kwik Trip and Mapco Locations

Initial product shipped and ramp-up into more than 1,200 locations nationally is underway

GRANT-VALKARIA, Fla., June 15, 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 delivery system (ENDS), which are intended for adults 21 and over, today announced the initial shipment of BIDI Sticks to over 900 Kwik Trip and Mapco locations, with a ramp up to over 1,200 locations planned for the remainder of this year, with Kwik Trip representing over 900 of those locations.

This follows the Company’s announcement yesterday of an initial shipment of BIDI Sticks to over 1,000 Circle K locations, with a ramp up to 5,000 locations planned for the remainder of this year within the South Atlantic and Midwest regions of the United States.

“We are excited to announce the rollout of the BIDI Stick in more than 900 Kwik Trip and Mapco locations, where the products will be made available for ID and age-verified adult tobacco users (21 and over). Ultimately, our goal is to ramp up to over 1,200 locations this year within those two retailers, both of whom adhere to our strict requirements for adult-only sales and youth-access prevention,” stated Eric Mosser, President & Chief Operating Officer of Kaival Brands. “We are encouraged by the renewed momentum we are experiencing (subject as always to FDA enforcement discretion) with retailers like Circle K, Kwik Trip, and Mapco who champion compliance and youth-access prevention and recognize our ongoing efforts since last year to educate retailers and distributors of the business value of marketing BIDI Stick versus non-compliant competition. Of course, the goal is to capitalize on this momentum in orders as we seek to increase our revenues during the remainder of 2023 and beyond.”

ABOUT KAIVAL BRANDS

Based in Grant-Valkaria, Florida, Kaival Brands is a company focused on incubating innovative and profitable adult-focused products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS) also known as “e-cigarettes”. Our business plan is to seek to diversify into distributing other nicotine and non-nicotine delivery system products (including those related to hemp-derived cannabidiol (known as CBD) products). Kaival Brands and Philip Morris Products S.A. (via sublicense from Kaival Brands) are the exclusive global distributors of all products manufactured by Bidi Vapor.