KALY Targets $20 Million In CBD Extraction This Year
June 12 2019 - 1:58PM
InvestorsHub NewsWire
KALY Targets $20 Million In CBD
Extraction This Year
Dallas, TX -- June 12, 2019 --
InvestorsHub NewsWire -- Kali-Extracts, Inc. (Kali, Inc.
dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today confirmed plans to expand its CBD
extraction business to $20 million in 2019 sales. Yesterday the
company published a management overview on the company’s mobile
cannabis extraction capacity. KALY recently announced a
contract with a New York State Licensed Hemp Cultivation Operation
anticipated to generate an estimated $5 million in revenue for
KALY. The extraction for the New York State Licensed Hemp
Cultivation Operator will be conducted via a proprietary mobile
extraction unit. With the extraction capacity being mobile,
KALY management believes the company could contract potentially
more than $20 million in similar contracts.
See KALY’s full plan to expand its
extraction business to $20 million in sales:
Kali-Extracts Mobile Cannabis Extraction
Capacity
To learn more about the company
visit https://www.kali-extracts.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:
Frederick Ferri
ir@kali-extracts.com
(214) 210-0459
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