{"id":19611,"date":"2022-06-14T09:10:21","date_gmt":"2022-06-14T16:10:21","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19611"},"modified":"2022-06-14T09:10:23","modified_gmt":"2022-06-14T16:10:23","slug":"kaival-brands-reaches-licensing-agreement-with-philip-morris","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/","title":{"rendered":"Kaival Brands Reaches Licensing Agreement with Philip Morris"},"content":{"rendered":"\n<p><strong>Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL)<\/strong> <a href=\"https:\/\/www.prnewswire.com\/news-releases\/kaival-brands-reaches-agreement-with-philip-morris-international-for-international-electronic-nicotine-delivery-system-product-distribution-301566929.html\">announced <\/a>yesterday after the market close that it has reached an agreement with Philip Morris Products S.A. to develop and distribute electronic nicotine delivery system (&#8220;ENDS&#8221;) products in markets outside of the U.S.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Shares Open Higher<\/h5>\n\n\n\n<p>Shares of Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) opened over 43% higher than its previous close.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Agreement with Philip Morris<\/h5>\n\n\n\n<p>Kaival Brands\u2019 recently formed subsidiary, Kaival Brands International, had entered into an international licensing agreement with Philip Morris Product S.A., granting the latter a license of certain intellectual property rights relating to Bidi Vapor&#8217;s premium ENDS device, known as the BIDI<sup>\u00ae<\/sup> Stick in the U.S.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>&#8220;While Bidi Vapor continues to pursue the U.S. Food and Drug Administration premarket tobacco product authorization, cooperation with a major multi-national company like PMI, a leader in scientifically substantiated smoke-free products, opens doors on a global scale. Kaival Brands looks forward to a long productive relationship with PMI, to accelerate the end of smoking.&#8221;<\/p><cite>Niraj Patel, CEO of Kaival Brands<\/cite><\/blockquote>\n\n\n\n<p>PMI&#8217;s new focus is on delivering a multi-category portfolio of smoke-free products in a variety of usage, taste, price, and technology options\u2014intended to accelerate the delivery of a smoke-free future. The agreement with Kaival also permits PMPSA to manufacture, promote, sell, and distribute ENDS devices and newly developed devices, in international markets, outside of the U.S.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>&#8220;We believe that in addition to the BIDI\u00ae Stick having wide acceptance among legal-age nicotine users in the United States, Bidi Vapor&#8217;s numerous decisions around design; responsible adult-oriented marketing and stringent youth-access prevention measures; and sustainability bolstered its appeal to PMI.&#8221;<\/p><cite>Niraj Patel, CEO of Kaival Brands<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) announced yesterday after the market close that it has reached an agreement with Philip Morris Products S.A. to develop and distribute electronic nicotine delivery system (&#8220;ENDS&#8221;) products in markets outside of the U.S. Shares Open Higher Shares of Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) opened over 43%&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\">View Article<\/a>","protected":false},"author":3,"featured_media":18750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) announced yesterday after the market close that it has reached an agreement with Philip Morris Products S.A. to develop and distribute electronic nicotine delivery system (&#8220;ENDS&#8221;) products in markets outside of the U.S. Shares Open Higher Shares of Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) opened over 43%... View Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\" \/>\n<meta property=\"og:site_name\" content=\"MarketDepth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/marketdepthnews\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T16:10:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-14T16:10:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/02\/Meeting-in-front-of-windows-black-and-white.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MarketDepth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:site\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MarketDepth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\"},\"author\":{\"name\":\"MarketDepth\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\"},\"headline\":\"Kaival Brands Reaches Licensing Agreement with Philip Morris\",\"datePublished\":\"2022-06-14T16:10:21+00:00\",\"dateModified\":\"2022-06-14T16:10:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\"},\"wordCount\":286,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"articleSection\":[\"Business\",\"Headlines\",\"What's Hot\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\",\"url\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\",\"name\":\"Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/#website\"},\"datePublished\":\"2022-06-14T16:10:21+00:00\",\"dateModified\":\"2022-06-14T16:10:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/marketdepth.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kaival Brands Reaches Licensing Agreement with Philip Morris\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/marketdepth.com\/#website\",\"url\":\"https:\/\/marketdepth.com\/\",\"name\":\"MarketDepth\",\"description\":\"Stock Market News &amp; Headlines\",\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/marketdepth.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/marketdepth.com\/#organization\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"contentUrl\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"MarketDepth\"},\"image\":{\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/marketdepthnews\",\"https:\/\/twitter.com\/MarketDepthNews\",\"https:\/\/www.instagram.com\/marketdepth\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/author\/3\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/","og_locale":"en_US","og_type":"article","og_title":"Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth","og_description":"Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) announced yesterday after the market close that it has reached an agreement with Philip Morris Products S.A. to develop and distribute electronic nicotine delivery system (&#8220;ENDS&#8221;) products in markets outside of the U.S. Shares Open Higher Shares of Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) opened over 43%... View Article","og_url":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/","og_site_name":"MarketDepth","article_publisher":"https:\/\/www.facebook.com\/marketdepthnews","article_published_time":"2022-06-14T16:10:21+00:00","article_modified_time":"2022-06-14T16:10:23+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/02\/Meeting-in-front-of-windows-black-and-white.jpg","type":"image\/jpeg"}],"author":"MarketDepth","twitter_card":"summary_large_image","twitter_creator":"@MarketDepthNews","twitter_site":"@MarketDepthNews","twitter_misc":{"Written by":"MarketDepth","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#article","isPartOf":{"@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/"},"author":{"name":"MarketDepth","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69"},"headline":"Kaival Brands Reaches Licensing Agreement with Philip Morris","datePublished":"2022-06-14T16:10:21+00:00","dateModified":"2022-06-14T16:10:23+00:00","mainEntityOfPage":{"@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/"},"wordCount":286,"commentCount":0,"publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"articleSection":["Business","Headlines","What's Hot"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/","url":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/","name":"Kaival Brands Reaches Licensing Agreement with Philip Morris - MarketDepth","isPartOf":{"@id":"https:\/\/marketdepth.com\/#website"},"datePublished":"2022-06-14T16:10:21+00:00","dateModified":"2022-06-14T16:10:23+00:00","breadcrumb":{"@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/marketdepth.com\/kaival-brands-reaches-licensing-agreement-with-philip-morris\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/marketdepth.com\/"},{"@type":"ListItem","position":2,"name":"Kaival Brands Reaches Licensing Agreement with Philip Morris"}]},{"@type":"WebSite","@id":"https:\/\/marketdepth.com\/#website","url":"https:\/\/marketdepth.com\/","name":"MarketDepth","description":"Stock Market News &amp; Headlines","publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/marketdepth.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/marketdepth.com\/#organization","name":"MarketDepth","url":"https:\/\/marketdepth.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/","url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","contentUrl":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","width":1500,"height":1000,"caption":"MarketDepth"},"image":{"@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/marketdepthnews","https:\/\/twitter.com\/MarketDepthNews","https:\/\/www.instagram.com\/marketdepth\/"]},{"@type":"Person","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69","name":"MarketDepth","url":"https:\/\/marketdepth.com\/author\/3\/"}]}},"_links":{"self":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/19611"}],"collection":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/comments?post=19611"}],"version-history":[{"count":1,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/19611\/revisions"}],"predecessor-version":[{"id":19612,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/19611\/revisions\/19612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media\/18750"}],"wp:attachment":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media?parent=19611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/categories?post=19611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/tags?post=19611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}