KALY - Kali-Extracts Announces CBD Derived Hemp Extraction Orders Rolling-In With First Legal Harvest Season
September 24 2019 - 11:12AM
InvestorsHub NewsWire
KALY - Kali-Extracts Announces CBD
Derived Hemp Extraction Orders Rolling-In With First Legal Harvest
Season
Dallas, TX -- September 24, 2019 --
InvestorsHub NewsWire -- Kali-Extracts, Inc. (Kali, Inc.
dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today announced receiving a dramatic number of
hemp derived CBD extraction orders. This is the first hemp
harvest season since the federal legalization of hemp farming last
year. KALY has announced two hemp extraction consignment
contracts worth a potential $15 million combined. KALY’s
extraction model is focused on consigning hemp crops, performing
extraction utilizing KALY’s U.S. Patented Cannabis Extraction
Process, and marketing the end hemp derived CBD product under the
Kali-Extracts brand name. The orders rolling-in now are
requesting an extraction service only. KALY management is
prioritizing entering into extraction contracts that replicate
KALY’s first two extraction contracts. At the same time, KALY
management recognizes the hemp cultivation market lacks sufficient
extraction infrastructure and expertise and is accordingly
considering the possibility of offering an extraction service that
does not include a consignment of the hemp crop or the marketing of
the hemp derived CBD extract under the Kali-Extracts brand
name.
KALY Analyst Coverage From
Goldman Small Cap Research
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 also includes information on KALY’s
relationship with Puration, Inc. (USOTC:
PURA) where PURA has licensed KALY’s U.S. Patented Cannabis
Extraction Process for cannabis infused beverage production. The
report can be found in its entirety on Goldman’s website at
www.GoldmanResearch.com/KALY.
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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