Business
CaliPharms Enters Acquisition Discussions with Northern California Cannabis Farm
CaliPharms Enters Acquisition Discussions with Northern California Cannabis Farm.
About this update from Kleangas Energy Technologies Inc
[{"type":"text","content":"CaliPharms, Inc. (OTCPink:KGET), a Company operating in the California Medicinal Cannabis industry, publicly traded under its former name “Kleangas Energy Technologies, Inc.” is pleased to announce it has entered into acquisition discussions with a Northern California Cannabis Farm. The Farm’s permit type will allow for multiple harvests throughout the year such as Greenhouses with lights so the permit type has additional value beyond an outdoor grow permit.\n\nCaliPharms CEO Bo Linton stated, “CaliPharms is continuing its acquisitions search in the cannabis space. This cannabis farm is an ideal acquisition for CaliPharms as not only are the projections good, this farm has room for growth.” Linton continued, “CaliPharms wants to produce various strains of cannabis to fulfill the many needs of the medical cannabis community. This farm could produce many strains. If CaliPharms is going to make tailor made THC and CBD powders, we need to have a variety of strains that will produce the specific medical results the patients and customers desire.”\n\n\n2017 Forward Looking Income Projections for the Farm\n(The following are projections provided by the acquisition candidate. CaliPharms does not guarantee the projected results if an acquisition is completed.)\n\nThe farm will be operating a 10,000 sq ft “mixed light” commercial cannabis cultivation permit. *Mixed light is growing in greenhouse with artificial light supplementation this allows for multiple harvests through the year. \n\n 1. Primary Harvest: April - October \n\nA growing method of centering each plant in a 6x6 area will amount to a total of 228 plants with an average yield of 3.5lbs per plant of flower and 3.5 of trim, with the right genetics. \n *Current wholesale price per lb of flower= $1250.00 *Current wholesale price per lb of trim= $50.00\n\n228 x 3.5 lbs = 973 lbs\n\n973 lbs x $1250.00*Wholesale flower price= 1,216,250.00 1,216,250.00\n &nb...