A Florida-based company has announced an increase in distribution with both Circle K and 7-ELEVEN convenience stores. This small cap now has distribution to over 30,000 retail stores after this rollout of increased distribution takes place over the next few months.
Kaival Brands Innovations Group, Inc. (OTCQB:KAVL) is the exclusive global distributor of products manufactured by Bidi Vapor, LLC. Bidi Vapor’s primary offering, the Bidi TM Stick, is the fastest-growing closed system vaping product in the U.S., according to the press release.
With the recent growth the company has seen, it's no wonder that the continuation of this success was welcomed news by traders, as shares popped up to $.42/share (+16.67%) intraday. This move, while coming off a decent selloff from the 52-week high of $1.10, could be an indication of things to come after the rollout is complete and the operational growth is implemented.
