Kali-Extracts, Inc. announced that its first cannabinoid tests on hemp flowers from its consigned hemp field in New York. KALY has entered into a contract to extract CBD from a hemp crop managed by a licensed hemp grower in the State of New York. The contract is anticipated to generate as much as $5 million in revenue for KALY. weeks. Ongoing test results may enable KALY to secure pre-harvest contracts on CBD. The company has already received inquiries validating the potential of pre-harvest contracts.