Kali Inc. (KALY)

[Fluffy100]

KALY - Kali-Extracts Prepares For First Hemp Harvest And CBD Extraction On Contract Worth Anticipated $5 Million
9:00 am ET August 29, 2019 (Globe Newswire) Print
via OTC PR WIRE -- Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) ("KALY") today announced its first cannabinoid tests on hemp flowers from its consigned hemp field in New York. KALY has entered into a contract to extract CBD from a hemp crop managed by a licensed hemp grower in the State of New York. The contract is anticipated to generate as much as $5 million in revenue for KALY.
Yesterday, KALY initiated testing on hemp flowers from the consigned crop in New York. The plants are approaching harvesting maturity and the purpose of the ongoing tests are to time the optimal harvest time to yield the highest CBD quality and content. Current estimates expect harvesting to begin within the next four weeks. Ongoing test results may enable KALY to secure pre-harvest contracts on CBD. The company has already received inquiries validating the potential of pre-harvest contracts.
KALY Analyst Coverage Speculating $0.05 PPS
Yesterday the company 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/