KAYA HOLDINGS (OTCQB:
KAYS) OPENS NEW MARIJUANA GROW AND MANUFACTURING COMPLEX AS
OREGONS GOVERNOR GIVES GREEN LIGHT FOR OCTOBER 1st RECREATIONAL
MARIJUANA SALES
Portland, OR -- July 29, 2015 -- InvestorsHub NewsWire -- Kaya
Holdings, Inc. (KAYS)
announced today that it has signed a lease on a 6,000 square foot
facility in central Portland to serve as the Companys expanded
Marijuana and Cannabis Manufacturing Complex and West Coast
Operations Base.
The Company will consolidate Kaya Farms and the newly acquired
assets of OC Harley Gardens, including equipment, plants and all
related licenses into the new facility for a substantially expanded
Grow with significantly increased volume capacities. The Grow will
continue uninterrupted to produce high quality, connoisseur-grade
marijuana, as the expansion occurs to prepare the Company for the
October 1st commencement of recreational sales in Oregon.
Additionally, the new facility allows for industrial level
marijuana product manufacturing for our coming roll-out of
proprietary strain-specific concentrates, extracts and related
products, as well as the establishment of a commercial grade
kitchen to produce a complete Kaya Kitchens line of
cannabis-infused baked goods and candies.
This new facility allows us to aggressively expand our Grow
volumes as we continue to prepare for recreational sales,
permitting us to maintain quality standards and broaden our
in-store selections, states KAYS CEO Craig Frank. This space
provides us with the opportunity to grow a substantial amount of
high quality marijuana and manufacture proprietary strain-specific
concentrates, extracts, edibles and related products, for sale
through our retail network as well as additional distribution
channels, permitting us to maintain quality standards and broaden
our in-store selections. This facility is yet one more critical
step toward being properly positioned to maximize the potential
presented by recreational sales.
In a related matter, Kaya Holdings hails Oregon Governor Kate
Browns signing into law the bill passed by both the Oregon House
and Senate, authorizing duly licensed medical marijuana
dispensaries to lawfully sell up to of an ounce per transaction to
any adult age 21 or older. Commenting on the governors signature,
KAYS CEO Craig Frank states, This was the right decision for the
Governor and demonstrates her commitment to meeting the will of
Oregonians, who passed Amendment 91 last November by a sizable
margin. We applaud the Governor and look forward to participating
in this historic moment in Oregons, and indeed the United States
path toward ending the prohibition against marijuana.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:
KAYS) through its subsidiary, Marijuana Holdings Americas, Inc.
owns and operates the Kaya Shack (www.kayashack.com) , the first legal marijuana
dispensary by a U.S. publicly traded company Kaya Shack. KAYS
creates and establishes it own brands that produce, distribute
and/or sell premium cannabis products, including flower,
concentrates, and cannabis-infused baked goods and candies.
IMPORTANT DISCLOSURE: KAYS is planning execution of its stated
business objectives in accordance with current understanding of
State and Local Laws and Federal Enforcement Policies and
Priorities as it relates to Marijuana (as outlined in the Justice
Department's Cole Memo dated August 29, 2013), and plan to proceed
cautiously with respect to legal and compliance issues. Potential
investors and shareholders are cautioned that AFAI and MJAI will
obtain advice of counsel prior to actualizing any portion of their
business plan (including but not limited to license applications
for the cultivation, distribution or sale of marijuana products,
engaging in said activities or acquiring existing Cannabis
production/sales operations). Advice of counsel with regard to
specific activities of KAYS and MJAI, Federal, State or Local legal
action or changes in Federal Government Policy and/or State and
Local Laws may adversely affect business operations and shareholder
value.
Forward Looking Statements
This press release includes statements that may constitute
"forward-looking" statements, usually containing the words
"believe," "estimate," "project," "expect" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
acceptance of the Company's current and future products and
services in the marketplace, the ability of the Company to develop
effective new products and receive regulatory approvals of such
products, competitive factors, dependence upon third-party vendors,
and other risks detailed in the Company's periodic report filings
with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release.
For more information contact Investor Relations:
561-210-7664