Business
KALY – Kali-Extracts Announces New CBD Hemp4mula Gummies Now Available On USMJ.com
KALY – Kali-Extracts Announces New CBD Hemp4mula Gummies Now Available On USMJ.com.
About this update from North American Cannabis Holdings, Inc.
[{"type":"text","content":"\n DALLAS, Oct. 23, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today announced its new CBD Hemp4mula Gummies are now available to order on www.usmj.com. www.usmj.com/Hemp4mula-Gummies Hemp4mula Gum is also available from USMJ’s eCommerce site at www.usmj.com/Hemp4mula-gum. In the fourth quarter of last year, 2018, KALY acquired NCMB.  NCMB owns and operates a US Patented Cannabis Extraction Process.  In NCMB’s four years of operations prior to the acquisition by KALY, NCMB established a leading position in the development of plant-derived cannabinoid therapeutics through a proven drug discovery and patented development process.  The resulting intellectual property portfolio and the established regulatory and manufacturing expertise have created a significant opportunity. KALY now has a deep pipeline of cannabinoid product candidates.  KALY has implemented a sustainable strategy to develop cannabis extracts from its US Patented Cannabis Extraction Process to treat a variety of specific health issues.  In light of the long-term commitment to the biopharmaceutical development process and the corresponding requirement for continuous fund raising through the process, KALY has implemented a parallel business strategy to more immediately monetize its patented intellectual property through consumer applications of its technology.  KALY has issued a limited license of its patented process to Puration, Inc. (USOTC: PURA) for the infusion of cannabis extracts into beverages.  KALY has also developed and is selling its own line of CBD infused candies under the brand name Hemp4mula.  The candies are for sale on North American Cannabis Holdings (USOTC: USMJ) eCommerce site, www.usmj.com.  KALY has also signed direct cannabis extraction contracts with hemp farming operations with a total value so far of $15 million.  KALY management recently announced an anticipated jump in revenue in Q4 2019 related to the company’s CBD extraction contracts with hemp farming operations currently underway now that the hemp harvest season is in full swing.  To stay abreast of the latest developments and learn more about the company visit  https://www.kali-extracts.com/. This press release...