KALY Rated VERY BULLISH with PPS up 30% on High Volume After $300K CBD Extract Contract Announcement
New York, NY -- December 10, 2018 -- InvestorsHub NewsWire -- via www.nextbigticker.com -- Kali, Inc. (USOTC: KALY) is rated VERY BULLISH today by Stockta.com after the company announced a $300,000 contract to extract hemp-derived CBD. The PPS is up over 30% and KALY trading volume is in the top 50 most actively traded stocks on OTCMarkets.
“With the legalization of hemp farming on the near horizon as drafted into the pending 2018 Farm Act, the flood gates are about to open for Kali-Extracts,” Said Frederick Ferri, the founder of NCM Biotech, and the incoming CEO of Kali-Extracts. “I am already receiving daily inquiries to formulate custom hemp-derived CBD extractions. The pending legalization of hemp farming, combined with the recent DEA removal of CBD from schedule 1, is igniting the commercialization of hemp-derived CBD concentrates for a multitude of applications from pharmaceutical to sports nutrition to over the counter pain management to general health and wellness.”
Learn more about NCM Biotech at www.kali-extracts.com.
Other cannabis companies in the top 50 most actively traded on the OTCMarkets today include North American Cannabis Holdings, Inc. (USMJ), HEMP, Inc. (HEMP), and Enviro-Serv (EVSV).
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.