KAVL - Kaival Brands stock soars ~17% on expansion of distribution network for Bidi Vapor

Kaival Brands Innovations (NASDAQ:KAVL) stock rose ~17% on April 18 after stating that it expanded additional wholesaler and retailer accounts, which together are expected to reach ~28K additional stores. "We are encouraged by growing sales volumes in our second fiscal quarter generated by both established wholesalers and retailers selling the BIDI® Stick in new stores, as well as new wholesale and retail accounts being added to our distribution network," said Kaival CEO Niraj Patel. Patel added, "We anticipate the activation of approximately 3,900 new store locations over the next 45 days, including one new major retailer having already placed orders totaling more than $1.1 million."

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Kaival Brands stock soars ~17% on expansion of distribution network for Bidi Vapor