KALY - Kali Inc Considers Cannabis Sector Opportunity Separate From Kalytera
February 23 2017 - 11:16AM
InvestorsHub NewsWire
Sarasota, FL -- February 23, 2017 -- InvestorsHub NewsWire
-- Kali, Inc. (USOTC: KALY) today issued news to clarify
potential confusion in regard to the Kali, Inc. ticker symbol and
the Kalytera Therapeutics, Inc. (TSX-V: KALY) ticker symbol.
Both companies have the same symbol but on different quotation
systems. Kalytera is quoted on the OTC Markets, but not under
the symbol ‘KALY.’ On the OTC Markets system, Kalytera’s symbol is
‘QUEZF.’ Kalytera news has been mistakenly indexed under
Kali, Inc. by a handful of financial news services. Kali,
Inc. management is working to address the mistaken indexing.
“We actually looked at cannabis industry asset acquisition
opportunities during our recent site visit to Puerto Rico and the
industry is so hot, we can’t help but consider a potential cannabis
strategy,” said Charles Yawn, Kali CEO. “But we are a
completely different company from Kalytera which is in the cannabis
sector today as their primary business. Stay tuned to hear
more form us at Kali, Inc. in regard to our thoughts on cannabis
ventures.”
Kali Inc Anticipates Puerto Rico Marina Management Project To
Triple To $30 Million
Earlier today, Kali, Inc. (“KALY”) released highlights from the
Company’s Puerto Rico site visit conducted in conjunction with the
recently announced $10 million contract with Harbormaster
Development. Management from the two companies met in Puerto
Rico to walk the targeted marina site and to prospect additional
potential projects. The site visits and local potential
partner meetings presented an even more attractive opportunity than
originally contemplated. Harbor Master and KALY have begun
drawing up plans for two additional locations in Puerto Rico, one
of which would include a hotel. The anticipated expansion is
preliminarily expected to increase the original contract agreement
between Harbormaster and KALY to $30 million. Photos from the
visit have been posted to the Company’s strategic plan news site and a more detailed
trip report is planned for release next week.
KALY’s $56 Billion Market Opportunity
Last year, KALY announced its entry into the $5
billion fragmented and underserved marina management market sector
with the acquisition of Wave Marine & Yacht Services as
the first acquisition in a comprehensive roll-up strategy.
Since KALY’s initial entry into the marina
management sector, the Company has subsequently announced expanding
into additional market sectors complimentary to marina
management. Between the marina management sector and the
complimentary sectors, KALY’s total market sector
opportunity encompasses over $56 billion.
Learn more about
KALY:
wavemarineservices.com
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
CONTACT:
Kali, Inc.
941.444.6994
management@wavemarineservices.com