Kali Inc. (KALY)

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Kali Inc announced the acquisition of NCM Biotech which is the developer and owner of a patented cannabis extraction process. NCM Biotech’s current research and ongoing
pharmaceutical developments come with the acquisition. The acquired cannabis biotechnology intellectual properties will be contained within the new Kali Cannabis Therapies
subsidiary where ongoing research and development will be conducted for the purposes of producing cannabis treatments for specific conditions.

“I don’t think any cannabis extractor has more credibility or experience than we do with our patented process and preclinical trial results,” said Frederick Ferri,
CEO of Kali-Extracts. “Hemp farmers will need CBD extraction services and can’t afford to risk their crop with an inexperienced or first-time extractor. Our
franchise process will deploy trained extractors with a patented and proven process nationwide.”

Kali-Extracts plans to begin marketing the CBD extraction franchise in February.