KALY and NOUV Pull Trigger on Launching Texas CBD Extraction Lab After Texas Governor Legalizes Hemp and CBD
June 13 2019 - 12:45PM
InvestorsHub NewsWire
KALY and NOUV Pull Trigger on
Launching Texas CBD Extraction Lab After Texas Governor Legalizes
Hemp and CBD
Dallas, TX -- June 13, 2019 --
InvestorsHub NewsWire -- Kali-Extracts, Inc. (Kali, Inc.
dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) and Nouveau (USOTC:
NOUV) (“NOUV”) today announced moving forward with a CBD
extraction lab the two companies have had in the works now that
Texas Governor Greg Abbott signed a new
law Monday this week legalizing hemp and
hemp-derived products. NOUV has 100 acer’s set
aside for hemp cultivation. NOUV currently operates a
25-greenhouse growing operation and in partnership with KALY plans
to build an additional state-of-the-art greenhouse for the purpose
of developing a proprietary cannabis cultivar. KALY has a
U.S. Patented Cannabis Extraction Process. Together NOUV and
KALY plan to develop proprietary extractions from proprietary
cultivars.
KALY Targets $20 Million In
2019 Sales
Earlier this week, 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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