Kali-Extracts Confirms 4th Cannabis Extract Pharmaceutical Research Project Adding To Research Targeting $160 Million Market
April 05 2019 - 1:46PM
InvestorsHub NewsWire
Kali-Extracts Confirms 4th
Cannabis Extract Pharmaceutical Research Project Adding To Research
Targeting $160 Million Market
Dallas, Tx -- April 5, 2019 --
InvestorsHub NewsWire -- Kali-Extracts, Inc. (Kali, Inc.
dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today confirmed plans to reveal a fourth
research and development initiative for a treatment of a heath
issue with a cannabis extract derived from the company’s patented
cannabis extraction process. The
company currently has ongoing cannabis extract research and
development targeting four specific health issues, COPD, Type 2
Diabetes, Cancer Pain Management and one additional health issue
KALY plans to announce next week leading up to an online
presentation with more detail on each of the treatment developments
later this month. The market for Type 2 Diabetes is expected
to be a $64 billion market by 2026. The market
for COPD treatment is anticipated to reach $14 billion by 2025. The overall pain management treatment market is
anticipated to reach $83 billion by 2024.
Beyond the
four specific cannabis therapies currently in various stages of
research and development, KALY has a number of additional target
therapies in its research pipeline.
In addition to its pharmaceutical
developments, KALY is generating revenue from is patented cannabis
extraction process delivering proprietary extracts for infusion
into non-pharmaceutical commercial products. KALY announced
last week finalizing it’s all new 25 mg CBD Extract formulation for
beverage infusion. KALY’s patented extraction process already
produces a 10 mg CBD formulation for Puration, Inc.’s (USOTC:
PURA) (“PURA”) leading EVERx CBD Sports Water. KALY has
also recently announced plans to provide commercial extraction for
Nouveau, Inc. (USOTC:
NOUV) (“NOUV”) in conjunction with NOUV’s recently announced
100-acre hemp farm.
KALY is
a health and wellness company set to generate revenue from its
patented cannabis extraction technology through overlapping
go-to-market strategies. In addition developing
pharmaceutical products internally and through partnerships, KALY
is utilizing is patented cannabis extraction process to develop
numerous wellness products both internally and through
partnerships. The first revenue generating contracts signed in
December of 2018 will be reflected in the company’s upcoming annual
report.
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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