Riverside,CA -- March 8, 2017 -- InvestorsHub NewsWire --
CaliPharms, Inc. (OTCPink:KGET),
a Company operating in the California Medicinal Cannabis industry,
publicly traded under its former name “Kleangas Energy
Technologies, Inc.” is pleased to announce it has entered into
acquisition discussions with a Northern California Cannabis Farm.
The Farm’s permit type will allow for multiple harvests throughout
the year such as Greenhouses with lights so the permit type has
additional value beyond an outdoor grow permit.
CaliPharms CEO Bo Linton stated, “CaliPharms is continuing its
acquisitions search in the cannabis space. This cannabis farm is an
ideal acquisition for CaliPharms as not only are the projections
good, this farm has room for growth.” Linton continued, “CaliPharms
wants to produce various strains of cannabis to fulfill the many
needs of the medical cannabis community. This farm could produce
many strains. If CaliPharms is going to make tailor made THC and
CBD powders, we need to have a variety of strains that will produce
the specific medical results the patients and customers
desire.”
2017 Forward Looking Income Projections for the Farm
(The following are projections provided by the acquisition
candidate. CaliPharms does not guarantee the projected results if
an acquisition is completed.)
The farm will be operating a 10,000 sq ft “mixed light”
commercial cannabis cultivation permit. *Mixed light is growing in
greenhouse with artificial light supplementation this allows for
multiple harvests through the year.
1. Primary Harvest: April - October
A growing method of centering each plant in a 6x6 area will
amount to a total of 228 plants with an average yield of 3.5lbs per
plant of flower and 3.5 of trim, with the right genetics.
*Current wholesale price per lb of flower= $1250.00
*Current wholesale price per lb of trim= $50.00
228 x 3.5 lbs = 973 lbs
973 lbs x $1250.00*Wholesale flower price= 1,216,250.00
1,216,250.00
+
973 lbs x 50.00*Wholesale Trim Price= 48,650
0,048,650.00
=
Estimated Primary Harvest Fair Market Amount:
1,264,900.00
2. Secondary Harvest: Nov - March
2017 is the first growing year on this new site, typically there
would be 3 harvests annually, but for this initial year buildout of
greenhouses after the primary harvest will limit us to only one
additional harvest. Secondary harvest typically are about 60% less
total harvest weight than a primary harvest. Smaller plants are
utilized but the canopy sq ft used remains the same. *Currently off
season fresh medical marijuana demands a premium price with an
additional $250.00 added per lb at the wholesale level.
973 lbs - 60% = 389.2 lbs of secondary harvest flowers,
and 389.2 lbs of trim.
389.2 lbs x 1500.00*Premium Off season price=583,800.00
583,800.00
+
389.2 lbs x 50.00*Wholesale Trim Price= 19,460.00
19,460.00
Estimated Secondary Harvest Fair Market Amount:
603,260.00
3. Primary and Secondary Harvest Totals:
2017 total estimated primary harvest value =
1,264,900.00
+
2017 total estimates secondary harvest value =
603,260.00
Estimated total 2017 Gross Harvest/Income value =
1,868,160.00
NOTE: Acquisition discussions have been indefinitely
postponed with the California Based Vape Line Company in the press
release dated 1/12/17.
For up to date information on the company please follow us @
facebook.com/CaliPharms
twitter.com/CaliPharms
About CaliPharms, Inc.
CaliPharms Inc., trading under the symbol (KGET) which trades
under its former name “Kleangas Energy Technologies, Inc.” is a
medical marijuana-cannabis business. The Company operates through
its 51% owned subsidiary County Junction Farms, Inc. within the
State of California. The Company currently is focused within the
medical marijuana-cannabis industry. The second tier of development
for the company will be to expand into other sectors that support
the legalized cannabis industry. The company intends to expand its
operations as the laws for each individual State change and
allow.
About Country Junction Farms, Inc.
Founded in 2010, Country Junction Farms is a fully permitted
cultivator of medical cannabis within the State of California.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as CaliPharms or KGET
or its management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements. Investment into a microcap company is a
high risk investment and it should only be considered if you are
able to afford a total loss of the investment. Laws and Regulations
of Marijuana are currently in direct contradiction between
California and Federal Law and these factors should be a part of
your consideration when making an investment into KGET.
Company Contact:
CaliPharms, Inc. (KGET)
www.CaliPharmsInc.com
facebook.com/CaliPharms
twitter.com/CaliPharms
Telephone 1-949-800-6645
Email: info@CaliPharmsInc.com
Kleangas Energy Technolo... (CE) (USOTC:KGET)
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