KAYA HOLDINGS (OTCQB:
KAYS) LAUNCHES RECREATIONAL MARIJUANA SALES IN OREGON
CBS OREGON KOIN 6 AFFILIATE SPOTLIGHTS KAYS AS FIRST FULLY
REPORTING PUBLIC COMPANY TO COMMENCE LEGAL RECREATIONAL MARIJUANA
SALES IN UNITED STATES
Portland, OR -- October 1, 2015 -- InvestorsHub NewsWire -- Kaya
Holdings, Inc. (KAYS)
announced today that its flagship Kaya Shack store in Portland
Oregon will begin selling legal recreational cannabis beginning
today at 10:00 am PST. The Companys Kaya Shack retail marijuana
store will be offering all customers over the age of 21 years a
variety of 40 strains of high quality, connoisseur-grade cannabis.
Under the early recreation rules, customers may purchase up to one
quarter of an ounce daily.
Kaya Shack also confirmed that they have received their State
issued licenses to sell legal recreational and medical marijuana at
its soon-to-open Marijuana Superstore in Salem, Oregon and that
they are just awaiting local licensing approval by the City of
Salem.
We have spent these weeks leading up to recreational sales to
improve our grow operations, complete the second store build-out,
strengthen our brand, train our staff for both high service and
complete compliance, and expand our product offering, states KAYS
CEO Craig Frank. These are historic and exciting times and we fully
understand how the success of this recreational model will
influence additional potential markets and the cannabis
legalization effort nationwide. We choose to be an example of the
potential for legal cannabis and we believe we shine as a light of
best practices and measured progress.
In a related story, CBS Oregon Affiliate KOIN Channel 6
Television News featured Kaya Holdings and the Kaya Shack Retail
Marijuana Store in Portland, Oregon on the eve of recreational
sales, and spotlighted the companys stock and status as the first
fully reporting US Public Company to commence legal recreational
marijuana sales.
To see the video please click here.
http://koin.com/2015/09/28/oregon-medical-pot-dispensaries-prep-for-rec-sales/
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