Kaival Brands jumps on launch of new Philip Morris-made vape in Canada

Kaival Brands Innovations

25/07/2022 14:51

** Shares of Kaival Brands Innovations Group  KAVL.O  jump
19.1% to $1.50 in morning trading
    ** Co announces the launch of VEEBA, an e-cigarette made by
Philip Morris International  PM.N , in Canada  urn:newsml:reuters.com:*:nPn9sy6wxa 
    ** KAVL in June signed an agreement with PM to distribute
electronic nicotine delivery system (ENDS) products in markets
outside the United States  urn:newsml:reuters.com:*:nL4N2Y12GE
    ** KAVL is also the U.S. distributor of products
manufactured by vaping products maker Bidi Vapor
    ** With Monday's gains, stock has doubled in value this year

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))