Medical and
Recreational Marijuana Company Kaya Holdings, Inc.
(OTCQB:KAYS)
Clears
First Hurdle
in Licensing of 26 Acre
Kaya Farms Marijuana Grow and Manufacturing
Complex.
Linn County Planning and Building
Department Issues Letter of Completeness for KAYS
Site Plan Review for
Marijuana Production and Conditional Use Permit for Marijuana
Processing, Targets April 20th for Formal
Decision
Ft
Lauderdale, FL -- March 20, 2018 --
InvestorsHub NewsWire -- Kaya Holdings, Inc. (OTCQB:KAYS),
announced today that it has
received notification from the
Linn Country Planning
and Building Department that its
application for site plan review for marijuana
production,
and
its
request
for a conditional
use
permit
for
marijuana
processing
have
been
reviewed and deemed complete a
necessary milestone in the process to obtain OLCC
licenses
to both grow
and
process medical
and
recreational
cannabis
on the
Company's 26-acre plot in Lacomb, Oregon. The
County has tentatively
scheduled a decision on the application for April 20,
2018.
"We
are encouraged by the efficient and timely manner in which county
officials processed our initial request", commented
Kaya
Holdings CEO Craig Frank. "According to the
letter we received, we are expecting final notification in April,
allowing us to proceed with applying for our OLCC license
immediately
upon zoning
approval. This is well within
the planning timeline we have been anticipating. We will continue
working closely with Will Dixon & Associates, our architects,
to advance this project".
The formal "Letter of
Completeness", sent March 9, 2018 by
a Linn
County
Senior
Planner,
confirmed
the
eligibility of the Company's 26-acre
plot for
the purposes of growing legal cannabis, as well as the
eligibility for a special purpose exemption for the Company's
proposed manufacturing operations.W. David Jones, KAYS Senior
Advisor who is spearheading
the farm development project stated "The letter confirms
for us that the land we purchased conforms to all zoning
regulations, as expected. It further provides us
with
the legal
basis for our land-use request review, leaving us cautiously
optimistic that approvals should be
pending".
To see a copy of the letter of
completeness and the Linn County
Notice of Pending Land Use Action as well
as the architectural site plan depicting the
proposed structure please go to:
http://www.co.linn.or.us/Planning/landusenotices/PD180042.pdf
To see video of the Kaya Farms (Architect's Project
Rendition) please go to:
https://www.dropbox.com/s/3po31ksdilcl9l9/Kaya_Farms%20Final.mp4?dl=0
To see video of the Kaya Shack OLCC Licensed Stores
please go to:
https://www.dropbox.com/s/49i5emi3wc0ha0d/Store%20Tour%20Final%20%28hi-res%29.mp4?dl=0
About Kaya Holdings, Inc.
(www.kayaholdings.com)
KAYS
(OTCQB:KAYS),
through subsidiaries, produces, distributes or
sells
legal premium medical and recreational cannabis products, including
flower, concentrates and oils, and cannabis-infused
foods.
In 2014, KAYS, became
the first publicly traded company to own and operate a Medical
Marijuana Dispensary. KAYS presently operates
three
Kaya Shack OLCC licensed marijuana retail stores to service the
legal medical and recreational marijuana market in Oregon,
with the
4th store opening
expected by Q2 2018. (www.kayashack.com) Additionally, KAYS
recently acquired a
26acre parcel which it
has targeted for development of the Kaya Farms Medical and
Recreational Marijuana Grow and Manufacturing Complex.
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 US Attorney
General Jeff Sessions Memo dated January 4, 2018, and subsequent
commentary from US Attorney for the District of Oregon Billy
Williams), and plan to proceed cautiously with respect to legal and
compliance issues. Potential investors and shareholders are
cautioned that KAYS
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