KALY - Kali Inc Introduces HEMP4MULA CBD Infused Candies and Vapes Into $22 Billion Hemp-Derived CBD Market
December 06 2018 - 9:38AM
InvestorsHub NewsWire
Dallas, TX -- December 6, 2018 --
InvestorsHub NewsWire -- Kali, Inc. (USOTC:
KALY) (“KALY”) today announced launching its own line of
hemp-derived CBD infused candies and vapes under the brand name
HEMP4MULA. With an initial wholesale order pending KALY’s
completion of its first production run, the company expects to see
HEMP4MULA CBD Gum on sale at retail later this month. Mints
and gummies infused with CBD are expected to follow soon
thereafter. HEMP4MULA vapes are also coming
soon.
KALY recently acquired a biotech
company with a patented cannabis extraction process.
Accordingly, KALY updated its overall business plan (a presentation
on the company’s updated business plan is available on KALY’s
website). HEMP4MULA is part of the updated business plan
which management is rapidly executing with first revenue from the
updated business plan anticipated before the end of this
year. Revenue is anticipated from the initial HEMP4MULA CBD
Gum sale, and from KALY’s custom formulation of hemp-derived CBD
concentrates to support KALY’s US Cannabis Health partner,
Puration, Inc. (USOTC:
PURA), in producing a private labeled CBD Infused Water
for Generex Biotechnology, (OTCQB:
GNBT).
The following is an excerpt from
an article recently published by The Motley
Fool about the potential to be garnered from the pending
passage of the 2018 Farm Act expected to include the legalization
of hemp farming:
"If the bill makes it through Congress and is signed by President
Trump, as widely expected, industrial hemp should be legal
on Jan. 1, 2019. If this occurs, the U.S. market for hemp --
and its derivatives -- is expected to soar. The hemp-derived CBD
market is projected to rocket from about $591
million this year to $22 billion by 2022, according
to the Brightfield Group. That's a whopping 37-fold increase in
just four years!"
To learn more about the company
visit https://www.kali-extracts.com/
Check back
frequently to the company’s website and to the OTCMarkets website
for more updates coming soon as management populates the new
company website with additional information and brings all
corporate information current on the OTCMarkets
website.
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
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