Cannabis
Company Kaya Holdings, Inc.
(OTCQB:KAYS)
Launches
Kaya Worldwide
to
Serve International Markets,
Issues Updates
on U.S.
Operations
and Shareholder Meeting
FORT
LAUDERDALE, FL -- February 6, 2019
--
InvestorsHub NewsWire -- Kaya Holdings, Inc. (OTCQB:
KAYS) has launched a subsidiary
called Kaya Worldwide to explore a number of international
opportunities for the expansion of Kaya Medical and Recreational
Cannabis Operations. The Company
also issued an update on its U.S.
operations and the scheduling of KAYS'
Annual Shareholder Video and
Conference call.
Kaya
Worldwide Subsidiary
The Company
has formed a new subsidiary,
Kaya Worldwide, to explore and secure opportunities
that have
been presented to KAYS to serve markets outside
of North America, including the European
Union, Asia, and Africa.
"To date
we
have engaged foreign counsel and allocated manpower and
resources to
potentially
secure participation in
large-scale,
cultivation-for-export opportunities in 2 separate
countries," commented Craig Frank,
CEO of Kaya Holdings. "We are exploring financing
opportunities to fund these projects, and
believe that
the experience we have gathered in our five years of compliant
operations provides us with the knowledge and track record to
implement ambitious overseas projects of this magnitude.
We promised
an era of growth, and this new direction is part of
our reinvigorated, reenergized effort."
KAYS
U.S.
Cannabis
Operations Summary
In
Oregon, KAYS presently
has
4
operating
OLCC licensed
retail locations (Kaya
Shacks) that each hold
medical,
recreational and delivery licenses for the sale
of cannabis. The Company
operates a 12K square foot warehouse
facility that
is licensed for both growing
and processing that we are operating
pursuant to a management agreement while we await license transfer
review. Our 26 acre
farm just got
zoning approval to construct the
80K+ square feet of indoor/outdoor
growing facilities is now actively
undergoing OLCC Licensing review.
"Oregon
has "paused" the acceptance
of new license applications, but the law allows the existing
licenses to be sold and/or moved from one physical location to
another," continued Frank.
"We are
presently evaluating how best to utilize these assets to form a
network that will not only maximize our penetration of the Oregon
Cannabis market but serve as the backbone to grow our
U.S. Operations across state
lines through the rollout of proprietary brands".
Annual
Shareholder Video and Conference Call
In December
we announced that we had to postpone the
Annual Shareholder and Webinar Conference Call until after the New
Year. We apologize for the delay and will
hold the
event to coincide with the Annual Report that
is currently
in process of completion. Please make sure you are
on our email list at
www.kayaholdings.com and we will keep you
posted.
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 four Kaya
Shack OLCC licensed marijuana retail stores to service the legal
medical and recreational marijuana market in Oregon
(www.kayashack.com).
Additionally, KAYS recently acquired a 26-acre parcel, which it has
targeted for development of the Kaya Farms Marijuana Grow
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 U.S. Attorney General Jeff
Sessions Memo dated January 4, 2018, and subsequent commentary from
the U.S. Attorney for the District of Oregon Billy Williams), and
plans 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, 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