Business
CaliPharms Enters Discussions With Beverage Master Distributor
CaliPharms Enters Discussions With Beverage Master Distributor.
About this update from Kleangas Energy Technologies Inc
[{"type":"text","content":"CaliPharms, Inc. (OTCPink: KGET), a Development Stage Company operating in the California Medicinal Cannabis Industry, publicly trading under the OTC Markets symbol \"KGET\" has entered discussions with a Beverage Master Distributor.Management has concluded extensive research on the CBD beverage market and determined it is an excellent market for CaliPharms to enter at this time in the USA. CaliPharms has entered discussions to acquire the master distributorship with the intention of developing its own CBD Beverage line and using the distribution channels to place future products.Cannabidiol (CBD) is a natural compound found in cannabis and is known for its medicinal benefits. It is the compound of cannabis minus the THC or illusionary compound. CBD is now legal in most states of the USA, Canada and 22 countries in Europe with increasing pressures on Governments to completely legalize its use;In the US CBD market is estimated to grow to $2.1B by 2020* (Investing News, 2017), whilst the International market for cannabis is projected to hit $31.4 billion by 2021 (Zhang, M 2017)The benefits of CBD are being recognized by more internationalgovernments and more countries are continuing to legalize its use. Greeceis one of 22 new countries to lift restrictions on cannabis use.Recent articles on the growth and value of CBD companies are provided for reference;http://www.ibtimes.com.au/cannabis-stocks-consider-investment-1563858https://www.rangeme.com/blog/hemp-based-wellness-goes-mainstream/CaliPharms President Bo Linton stated, “We have entered discussions with a beverage master distributor and believe we are close to making a deal that will include distribution of existing CBD Beverages which we expect to evolve into a proprietary “CaliPharms” brand of CBD beverages.” Linton continued, “This is an exciting time at CaliPharms as the climate appears to be just right for a new CBD beverage product launch.”About CaliPharms, Inc. CaliPharms Inc., trading under the symbol (KGET) which trades under its former name Kleangas Energy Technologies, Inc. is a development stage business. The Company currently is focused on an acquisition within the Last Mile Delivery sector.Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases suc...