DALLAS, Oct. 30, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- PRESS RELEASE -- Kali-Extracts, Inc. has announced a USDA Organic Certification for its first crop hemp crop. KALY has a U.S. Patent for Cannabis Extraction and provides hemp cultivators with harvesting and extraction services. KALY has signed harvesting and extraction contracts so far worth approximately $15 million. The first hemp harvest and extraction contract now under way in the state of New York has just received an “Organic” certification from the USDA. The oil and seeds sold from the crop will carry the USDA Organic logo.
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, 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.