KALY - Kali-Extracts Prepares For First Hemp Harvest And CBD Extraction On Contract Worth Anticipated $5 Million
August 29 2019 - 9:17AM
InvestorsHub NewsWire
KALY – Kali-Extracts Prepares For
First Hemp Harvest And CBD Extraction On Contract Worth Anticipated
$5 Million
Dallas, TX --
August 29, 2019 -- InvestorsHub NewsWire -- Kali-Extracts, Inc.
(Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today announced its first cannabinoid tests on
hemp flowers from its consigned hemp field in New York. KALY
has entered into a contract to extract CBD from a hemp crop managed
by a licensed hemp grower in the State of New York. The
contract is anticipated to generate as much as $5 million in
revenue for KALY.
Yesterday, KALY
initiated testing on hemp flowers from the consigned crop in New
York. The plants are approaching harvesting maturity and the
purpose of the ongoing tests are to time the optimal harvest time
to yield the highest CBD quality and content. Current
estimates expect harvesting to begin within the next four
weeks. Ongoing test results may enable KALY to secure
pre-harvest contracts on CBD. The company has already
received inquiries validating the potential of pre-harvest
contracts.
KALY
Analyst Coverage Speculating $0.05 PPS
Yesterday the
company announced a new analyst report from Goldman Small Cap
Research covering the KALY’s recent biopharmaceutical cannabis
extract business development updates. The report can be found
in its entirety on Goldman’s website www.goldmanresearch.com. The report speculates a
potential KALY price per share of $0.05.
To view the full
report visit:
https://www.goldmanresearch.com/201908131248/Opportunity-Research/next-gen-edtech-firm-on-a-roll.html
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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