Dedicated to the research and development of cannabis treatments for various illnesses, diseases and chronic pain as a symptom of various diagnoses. Our unique patented extraction process results in the highest quality extracts. Because of this patented process, we are able to build a foundation of research through strategic partnerships.
Cannabis extracts are part of a healthy life style. Our extracts have already been proven in the health and wellness sector and ongoing research and development is targeted at improving on and expanding our current health and wellness products.
Kali Inc’s New Business Plan
With the patented intellectual property (IP), to include the existing and ongoing research and development acquired from NCM Biotech, Kali will now concentrate on the development of pharmaceuticals to treat various illnesses, diseases and chronic pain as a symptom of various diagnoses. Kali will also concentrate on the development of health and wellness therapies. The cannabis pharmaceuticals market is forecasted to reach $50 billion in sales by 2029. The cannabis concentrates for wellness, edibles and recreational markets is forecasted to reach $8.5 billion in annual sales by 2022.
Prior to the acquisition by Kali, NCM Biotech was engaged with a number of different universities on a number of separate research initiatives. As an example, and as a preview of an upcoming announcement, NCM has been involved in an ongoing study with a university in Kentucky on the use of a cannabis therapy derived from Kali’s patented extraction process for the treatment of Chronic Obstructive Pulmonary Disease (COPD). A paper on the results of the study using Kali’s patented extraction process is anticipated to be published soon.
Structure of the NCM Biotech Acquisition and Disposition of Legacy Assets
Kali issued a $1.5 million note in exchange for 100% of the issued and outstanding shares of NCM Biotech. In a related transaction, the majority shareholder voting control affected through preferred shares, was assigned to the NCM Biotech seller. No common shares of Kali were issued in the acquisition of NCM Biotech and Kali has no intention of executing either a reverse or forward split of Kali shares in conjunction with the acquisition of NCM Biotech. Kali financial reports are being updated as this presentation is drafted, and the filing of the necessary financial statements required to bring the company current are anticipated to be completed imminently.
SOURCE: Kali, Inc.
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