KALY- Kali-Extracts Anticipates Gross Margin Increase From Cannabis Biopharmaceutical Technology Consolidation
January 27 2020 - 9:07AM
InvestorsHub NewsWire
KALY- Kali-Extracts Anticipates
Gross Margin Increase From Cannabis Biopharmaceutical Technology
Consolidation
Dallas, TX --
January 27, 2020 -- InvestorsHub NewsWire -- Kali-Extracts, Inc.
(Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC:
KALY) (“KALY”) today announced an anticipated increase in gross
margins from the consolidation of its business structure and focus
on its Cannabis Biopharmaceutical Technology. KALY has a U.S.
Patented Cannabis Extraction Process and is developing treatments
for various medical conditions. The technology has been
valued at $50 million in conjunction with a recent acquisition
offer that KALY management passed on. The consolidation strategy
includes plans to spin off its agricultural CBD extractions
business and CBD confections business. KALY has entered into
discussions with Puration,
Inc. (USOTC:
PURA) (“PURA”) regarding PURA’s possible
acquisition of KALY’s CBD confection assets. KALY has also
announced entering negotiations with a third-party regarding the
spinoff of the agricultural CBD extraction business. The
third-party is not yet disclosed, but the party is a public company
and a term sheet agreement is anticipated within the next two
weeks. The two spinoffs include plans for KALY to receive
royalties from the ongoing extraction and confections business
operations as part of the consideration for the assets. The
royalty revenue as designed in the spinoff structure would be a
higher gross margin revenue than the current operating
revenue.
Follow further
developments at
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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