Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 83

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 8
Chunk 83
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 in our reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified
in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our President
& Chief Operating Officer and our Interim Chief Financial Officer to allow for timely decisions regarding required disclosure.

As of April 30, 2025, the end of the period covered
by this Report, we carried out an evaluation under the supervision and with the participation of members of our management, including
our President & Chief Operating Officer and our Interim Chief Financial Officer, of the effectiveness of the design and the operation
of our disclosure controls and procedures pursuant to Rule 13a-15(b) of the Exchange Act. Our management has concluded, based on their
evaluation, that the disclosure controls and procedures were not effective as of the end of the period covered by this Report due to material
weaknesses in our internal control over financial reporting as disclosed in our Annual Report on Form 10K for the year ended October 31,
2024.

Changes in Internal Control
over Financial Reporting

There have been no changes
in our internal control over financial reporting (as that term is defined in Rules 13(a)-15(f) and 15(d)-15(f) of the Exchange Act) that
have occurred during the quarter ended April 30, 2025 that have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.

PART II OTHER INFORMATION

Item 1. Legal Proceedings.

From time to time, we may become party to litigation
or other legal proceedings that we consider to be a part of the ordinary course of our business. We are not currently involved in legal
proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition, or results
of operations. To the best of our knowledge, no adverse legal activity is anticipated or threatened.

While we are not a party to the legal or regulatory
proceedings involving Bidi, the outcome of those or related proceedings could have a material adverse or positive impact on our ability
to operate our business given our reliance on Bidi.

Item 1A. Risk Factors.

As a smaller reporting company,
we are not required to provide the information required by this item.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine