DALLAS, Dec. 10, 2019 /PRNewswire/ — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today announced the company is restructuring its cannabis biopharmaceutical business as part of a strategy to facilitate a strategic investment at a $50 million valuation. KALY has a U.S. Patented Cannabis Extraction Process and is developing treatments for various medical conditions (see below). KALY has recently announced receiving two inquiries into the acquisition of the company’s cannabis biopharmaceutical technology valuing the technology at $50 million. KALY management has recently announced that in response to the two acquisition opportunities, that the company is introducing a third option that would not involve a sale of KALY’s biopharmaceutical technology asset but would otherwise restructure the asset under KALY’s current corporate umbrella to facilitate a major infusion of investment capital. Today, the company is sharing more details on the restructuring of its cannabis biopharmaceutical business and initiative to infuse investment capital at a $50 million valuation.
$1 million in annual sales by year end 2019.
$50 million valuation confirmed by two independent acquisition offers, combined with an independent fairness opinion now in process, KALY management is confident in securing strategic investment in the new cannabis biopharmaceutical subsidiary that can accelerate the development of KALY’s cannabis biopharmaceutical treatments.
KALY’s cannabis biopharmaceutical technology intellectual property portfolio contains a deep pipeline of cannabinoid product candidates including four distinct compounds listed here:
$14 billion by 2025;
$64 billion market by 2026;
$83 billion by 2024, and
$9 billion by 2022.
$14 billion by 2025.
In addition to KALY’s ongoing efforts to develop prescription therapies, KALY has initiated a program to certify its proprietary CBD extracts derived from KALY’s U.S. Patented Extraction Process as an Over-The-Counter (OTC) drug under the requirements prescribed by the U.S. Food and Drug Administration.
https://www.kali-extracts.com/.” data-reactid=”21″>To stay abreast of the latest developments and learn more about the company visit https://www.kali-extracts.com/.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company’s actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
ir@kali-extracts.com
(214) 210-0459″ data-reactid=”27″>CONTACT:
Frederick Ferri
ir@kali-extracts.com
(214) 210-0459
http://www.prnewswire.com/news-releases/kaly-restructures-cannabis-biopharma-business-valued-at-50-million-300972550.html” data-reactid=”40″>View original content:http://www.prnewswire.com/news-releases/kaly-restructures-cannabis-biopharma-business-valued-at-50-million-300972550.html
SOURCE Kali, Inc.
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