Tag: Bidi Vapor

  • Bidi Vapor Enters Four New Markets

    Bidi Vapor Enters Four New Markets

    Bidi Vapor successfully completed the regulatory process to enter four new, significant markets. Bidi Vapor’s primary offering, the Bidi Stick is a closed system disposable electronic nicotine-delivery system (ENDS).

    Bidi Vapor recently successfully received premarket authorization from the United Kingdom’s regulatory body, the Medicines and Healthcare products Regulatory Agency, to sell and market Bidi Vapor products through Kaival Brands in the U.K.

    Moreover, Bidi Vapor has successfully completed all necessary certifications and finished the process for distribution approvals to market and sell products in Russia, New Zealand and Australia.

    Once Kaival Brands solidifies local distribution agreements, we will begin to sell and market our full scope of products.

    Niraj Patel, CEO, Kaival Brands

    “We are extremely excited to roll out Bidi Vapor products in four significant, new markets for us,” said Niraj Patel, Kaival Brands’ CEO, in a statement. “Once Kaival Brands solidifies local distribution agreements, we will begin to sell and market our full scope of products. We believe our first sales in each of these new regions will occur within the next six months with U.K. being the first.”

    Kaival Brands will showcase its Bidi Stick at the VOXPO virtual trade show on April 28–30.

    “We believe the Bidi Stick will be a welcomed entry into the U.K. market as long-time adult cigarette smokers look to transition to ENDS products,” said Patel, who is also president and CEO of Bidi Vapor.

    “While the VOXPO conference is our first international show, we anticipate participating in similar events in Australia, New Zealand and Russia. We see ample opportunity in these new markets, as the success we’ve seen in the United States shows us that once consumers discover an e-cigarette that can provide them a consistent, premium experience, they will welcome the option.”

  • Kaival Expands Distribution

    Kaival Expands Distribution

    Kaival Brands has three new distribution partners for its Bidi Vapor products: Smoker Friendly International, Avail Vapor and Hilmes Distributing. These three additional distributors push the potential U.S. store count for Bidi Vapor products above 46,000, up from 10,000 in 2020.

    According to Bidi Vapor, distributor interest in its products has increased greatly following its receipt of a premarket tobacco product application filing letter from the Food and Drug Administration. As the company’s product moves into the substantive review phase, Bidi Vapor anticipates it will continue to update investors on additional new distribution agreements.

    “These new partners will become a large new revenue stream for Bidi and Kaival,” said Niraj Patel, CEO of Kaival Brands, in a statement. “It is important to note our 2020 sales of just under $100 million were achieved with a distribution network of 10,000 stores and in less than 10 months of operation.

    “Today’s new distribution partner announcements bring our network to over 46,000 store locations. The strength and breadth of these partnerships fuels our confidence in our ability to meet or exceed our 2021 projection of $400 [million] to 450 million in sales.”

  • Bidi Vapor Enters Pouch Market

    Bidi Vapor Enters Pouch Market

    Photo: Bidi Vapor

    Bidi Vapor will soon launch the Bidi Nicotine Pouch. Engineered to provide a premium smokeless nicotine experience to its users, the Bidi Pouch is made from a tobacco-free nicotine formulation.

    The Bidi Pouch takes advantage of Bidi Vapor’s proprietary nicotine-delivery method on the heels of the growing popularity of the company’s premium vape pen, the Bidi Stick. Having established a strong wholesale-distribution network with its premium vape pen, the Bidi Stick will allow for immediate distribution of the Bidi Pouch through existing channels, Bidi Vapor wrote in a press statement.

    Worldwide, the nicotine-pouch sector is projected to grow to $3.35 billion by 2025, up from $637.8 million in 2019, according to Market Study Report. The category has continued to explode recently, with New York-based Nielsen reporting an increase in unit sales of 498 percent in U.S. convenience stores over the 24 weeks ending May 30, 2020.

    “We are excited to introduce the Bidi Pouch to adult consumers,” said Niraj Patel, CEO of Kaival Brands Innovations Group, which has an exclusive partnership and distribution deal with Bidi Vapor. “This is one of several initial steps we are taking towards our goal of providing improved products that are more sustainable.”

  • Marketing Authorization Requested for Bidi Stick

    Marketing Authorization Requested for Bidi Stick

    Photo: Kaival Brands Innovation Group

    Bidi Vapor has submitted a premarket tobacco product application (PMTA) to the U.S. Food and Drug Administration (FDA) for its Bidi Stick, according to Kaival Brands Innovations Group, the exclusive worldwide distributor of the Bidi Stick.
     
    The application details 11 flavored varieties with nicotine concentrations of 6 percent weight/volume as part of the company’s proprietary e-liquid formulation.
     
    Bidi Vapor’s application runs more than 285,000 pages, providing science-based evidence demonstrating that Bidi Sticks are “appropriate for the protection of public health.” The applications further support the public need to provide options to adult smokers of combustible tobacco products.
     
    “Both Kaival Brands and Bidi Vapor fully support proper regulation of the category so that all ENDS products meet the highest manufacturing, safety and marketing standards for adult smokers, with the ultimate goal of improving the public health,” said Niraj Patel, president and CEO of Kaival Brands. “We look forward to working with Bidi Vapor as they work with the FDA to construct its regulatory policy based on science and facts.”