Harbinger Research Publishes New Research Report on Kaival Brands Innovations Group, Inc.
June 29 2023 - 8:30AM
Harbinger Research, LLC, an independent equity research firm with a
focus on the small cap and microcap sectors, announced today that
it has published a new research report on
Kaival
Brands Innovations Group,
Inc. (KAVL –
NasdaqCM), a pioneering company in the electronic
cigarette and vaping industry. Kaival Brands specializes in the
development, marketing, and distribution of innovative products and
technology solutions, including the BIDI® Stick disposable
electronic nicotine delivery system (ENDS), which is intended for
adults 21 and over.
The Harbinger Research report includes a valuation analysis and
share price target. To view the new research report, along with
required disclosures and disclaimers, or to download the report in
its entirety at no charge, please visit:
https://d1io3yog0oux5.cloudfront.net/harbingerresearch/media/0cfbcab24c319d00381b7f5b1c1b7779.pdf
12-Month Price Target and Future Valuation Driven by Strong and
Likely Accelerating Revenue Growth.
After great initial success, Kaival Brands managed to survive an
incredibly difficult market for electronic cigarettes and is now
poised for extreme growth during the next few calendar
quarters.
While regulatory and competitive uncertainties remain, we
believe that Kaival’s newly successful focus on larger retailers,
some of which have domestic outlets numbering in the tens of
thousands, will soon establish Kaival Brands as a major U.S. player
in the market for tobacco/menthol ENDS devices, and possibly as the
only U.S. player in disposable flavored ENDS devices.
About Harbinger Research, LLC
Harbinger Research, LLC is one of a new breed of
issuer-sponsored research boutiques, providing unbiased equity
research coverage to smaller issuers that cannot attract research
coverage from traditional brokerage firm’s research departments.
Our mission is to help both investors and public issuers by
improving the availability of issuer information and by providing
sound, unbiased analysis of our issuer clients’ businesses,
industries, and current market valuation.
The policies of Harbinger Research, LLC require that all
personnel strictly adhere to the CFA Institute’s Code of Ethics and
Standards of Professional Conduct, and its Best Practice Guidelines
Governing Analyst / Corporate Issuer Relations. Please see
www.cfainstitute.org for more information.
To view our disclosures and disclaimers, or for more
information, visit www.harbingerresearch.com. Harbinger
Research was compensated by the company in the amount of
$25,000 for the production and distribution of this research
report.
Harbinger Research, LLCBrian Connell, CFASenior Research
Analystbrian@streetcontent.com(315) 215-3280
SOURCE: Harbinger Research, LLC
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