Kaival Brands (NASDAQ: KAVL) smoking after Philip Morris Deal

(24/7 MARKET NEWS) Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL), which distributes Bidi Vapor’s intended for legal-age nicotine users products in the U.S., is trading higher, at $2.53, up $0.80 (+46.24%), on 11,036,621 premarket shares, after closing yesterday at $1.73, up $0.43 (+33.08%), on 2,759,801 shares.

Kaival Brands announced, after yesterday’s market close, that it reached an agreement with Philip Morris Products S.A., a wholly owned affiliate of Philip Morris International Inc. (NYSE: PM), for the development and distribution of electronic nicotine delivery system (“ENDS”) products in markets outside of the U.S., subject to market (or regulatory) assessment.

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