Kali-Extracts, Inc. announced a new CBD extraction agreement adding to the company’s previously announced extraction contracts with hemp farming operations worth a potential total of $15 million. This is a third consignment agreement whereby the hemp farming operation consigns its crop to KALY for harvesting and extraction and KALY, after processing the harvested hemp, markets the end product. KALY has been approached by multiple hemp farming operations, but so far has not signed any agreements to extract on a service agreement alone. KALY is hesitant to break from its consignment model. 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. The latest agreement is with a hemp farming operation in Rhode Island and is expected to get underway next week.