Kaival Brands (OTCQB: KAVL), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, today announced financial results for its fiscal 2020 third quarter ended July 31, 2020. Among the highlights, the company reported revenues of approximately $32.4 million for the third quarter of fiscal 2020 compared to $0 in the same period of the prior fiscal year. “We had an extremely busy and fruitful third fiscal quarter. We experienced a rising demand for our exclusively distributed premium product, the Bidi(TM) Stick. We have seen an increase in sales of almost 44% from the previous quarter, with our sales growth occurring mostly organically through smaller distribution channels and wholesalers,” said Niraj Patel, president and CEO of Kaival Brands, in the news release. “Now in the fourth fiscal quarter, we are focused on expanding our distribution into large national retailers and convenience chains.”
To view the full press release, visit http://ibn.fm/D2wAP
About Kaival Brands Innovations Group Inc.
Kaival Brands is focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Kaival’s vision is to develop internally, acquire, own or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation. For more information, visit the company’s website at www.KaivalBrands.com.
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