The company confirmed plans to expand its CBD extraction business to $20 million in 2019 sales.
DALLAS, June 12, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today confirmed plans to expand its CBD extraction business to $20 million in 2019 sales.
Yesterday the company published a management overview on the company’s mobile cannabis extraction capacity. KALY recently announced a contract with a New York State Licensed Hemp Cultivation Operation anticipated to generate an estimated $5 million in revenue for KALY.
The extraction for the New York State Licensed Hemp Cultivation Operator will be conducted via a proprietary mobile extraction unit. With the extraction capacity being mobile, KALY management believes the company could contract potentially more than $20 million in similar contracts.See KALY’s full plan to expand its extraction business to $20 million in sales: