KALY's Upcoming Annual Report Likely To Trigger $0.01 PPS Run To $0.10
March 19 2019 - 9:00AM
InvestorsHub NewsWire
KALY’s Upcoming Annual Report
Likely To Trigger $0.01 PPS Run To $0.10
New York, NY -- March 19, 2019
-- InvestorsHub NewsWire -- www.nextbigticker.com -- Kali-Extracts, Inc. (USOTC:
KALY) acquired a patented cannabis extraction process in the
fourth quarter of 2018. Shortly after the acquisition the
company shot from sub-penny land to almost $0.04 on volume that put
it in the top 20 most actively traded stocks on the OTC Market. The
PPS retraced back to $0.01 and has been holding that price with a
healthy trading volume. In the meantime, the company has
published research reports on cannabis pharmaceutical developments
and testing in addition to announcing its first sales of cannabis
extracts for wellness products. KALY is providing CBD
extracts for over $1 million worth of CBD infused water produced by
Puration, Inc. (USOTC:
PURA), and KALY has also introduced its own CBD infused
gum. When the annual report is published in April, the first
sales will be officially on the books and likely catapult the KALY
PPS up to the $0.10 range were it justifiably should be.
Between now and the filing of the annual report, the KALY PPS
stands to return to its previous $0.04 high on anticipated news
regarding its cannabis pharmaceutical developments and wellness
product sales. Following the acquisition of the patented
cannabis extraction process late last year and the corresponding
jump in price and trading volume, the OTC Markets flagged the
company in response to the jump in activity. The company has
responded by updating all its OTC Markets required reports.
Management is likely to mitigate the OTC Market’s concerns sooner
or later and see the flag removed which will likely be yet another
impetus fueling a KALY PPS run. It could be a good time to
accumulate KALY now under $0.04 before the positing of the
company’s annual report or the removal of the OTC Markets
flag.
Management engaged Goldman Small Cap
Research to conduct analyst coverage of the company and file an
initial analyst report: KALY Research
Report
Disclaimer/Safe
Harbor:
This news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the expectation that any of the
companies mentioned herein will achieve significant sales, the
failure to meet schedule or performance requirements of the
companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
Source: www.nextbigticker.com
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