KALY - Kali-Extracts First Hemp Harvest With Anticipated $5 M Revenue Potential Expected To Boost Q4 Sales Substantially
September 20 2019 - 8:33AM
InvestorsHub NewsWire
KALY – Kali-Extracts First Hemp
Harvest With Anticipated $5 M Revenue Potential Expected To Boost
Q4 Sales Substantially
Dallas, TX --
September 20, 2019 -- InvestorsHub NewsWire -- Kali-Extracts, Inc.
(Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today announced an anticipated substantial
increase in sales in Q4 2019 coming from its first hemp harvest now
underway. The company announced on Monday this week having
initiated its first hemp harvest. KALY has entered into a
consignment contract to ultimately extract CBD from a hemp crop
managed by a licensed hemp grower in the State of New York and in
turn sell the CBD extract under KALY’s own brand. The
contract is anticipated to generate as much as $5 million in
revenue for KALY. Management anticipates realizing the first
revenue from the consignment contract in the fourth quarter of this
year.
KALY
Analyst Coverage Speculating $0.05 PPS
The company
recently 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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