The mobile cannabis extraction capacity will be utilized to potentially expand the $5 million contract into potentially more than $20 million in similar contracts.
DALLAS, June 06, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today announced a presentation scheduled next week on Tuesday, June 11th were management will present KALY’s mobile cannabis extraction capacity to be utilized in its recently announced contract with a New York State Licensed Hemp Cultivation Operation anticipated to generate an estimated $5 million in revenue for KALY.
The presentation will include details on how the mobile cannabis extraction capacity will be utilized to potentially expand the $5 million contract into potentially more than $20 million in similar contracts.
KALY owns and operates a U.S. Patented Cannabis Extraction Process. In addition to its direct cannabis extraction business, the company is advancing biotechnology research for the future production of cannabis extract centric pharmaceuticals and at the same time, the company is currently generating revenue from the sale of CBD infused consumer products.