Marijuana Retailer and
Producer Kaya Holdings, Inc. (OTCQB:KAYS)
Signs Agreement With
Leading Canadian
Franchise Development and Sales
Group To
Establish and Implement
the Kaya Shack™
Retail Cannabis Store
Franchise Program in
Canada Targeting 75-100 Kaya
Shack™ Locations
Fort
Lauderdale, FL -- July 30, 2019 -- InvestorsHub NewsWire
-- Kaya
Holdings, Inc. (OTCQB:KAYS),
a
vertically integrated legal marijuana enterprise which cultivates,
produces and retails legal medical and recreational cannabis,
cannabis products under its proprietary
Kaya Shack™ and Kaya Farms™ brands, announced
today that it has signed an agreement with The Franchise Academy, a
leading Canadian franchise development and
sales group recognized
for its work with top U.S. and international franchise
systems.
The
Franchise Academy (http://www.franchiseacademy.ca)
and its
founder Shawn Saraga,
is a member and national sponsor of the Canadian Franchise
Association. With over 15 years of industry experience and having
successfully closed over 700 franchise agreements and leases across
Canada, the Franchise Academy has the knowledge, expertise, network
and dedication to assist select franchisors to enter the Canadian
market. By
leveraging
the experience and sales reach of the Franchise Academy, as well as
the accessibility and likability of the Kaya
Shack™ brand
legal
marijuana and
retail concept,
the
Franchise
Academy
has advised KAYS that it estimates
development
goals
could be as
high as 75-100
Kaya
Shack™ retail
cannabis
stores
in Canada by 2024,
subject to regulatory approval and
market acceptance.
"This
agreement draws together the last critical component we need to
begin our franchise program in Canada. We are grateful to Shawn and
the entire Franchise Academy team for their enthusiasm, focus and
helpful recommendations. We are confident in their abilities and
know-how and are pleased we have gained their confidence,"
commented Kaya CEO Craig Frank. This agreement marks another step
in executing
our
strategic shift, undertaken in response to new and emerging market
conditions and designed to reinstate our vibrancy and relevance as
market leaders and innovators. We
believe that the
Canadian franchise program will serve as the foundation for our
growth in the United States and globally, as regulations
permit."
Kaya Holdings to Raise Capital
Via Rule 506(c) Offering to Fund
KAYS Expansion and Launch Kaya Brands
International
Kaya
Holdings is in the process of structuring and preparing offering
documentation for a private offering
under Rule 506(c) of Regulation D. The Company may seek to raise up
to $15 million for expansion and completion of the Company's
production capabilities, the launch of Kaya brand products,
expansion of the Kaya Shack™ footprint, support of a franchise
operating infrastructure, development of other foreign
opportunities, and reinstating
Kaya
Holdings' traditional role as an industry pacesetter.
We
intend to structure the capital raise in a manner to limit dilution
to current investors, while allowing them to benefit from our
deployment of new capital to fund growth.
While
we have not finalized the structure and terms of the offering, we
anticipate that it will include both shares of KAYS
stock
as well as shares in Kaya Brands International, the majority-owned
subsidiary we intend to form for our planned Canadian business
operations
Kaya Holdings Conference Call
Update. The
Kaya Holdings Annual Shareholder Call, originally slated for late
December 2018/early January 2019 was postponed due to pending
developments with our International division and opportunities in
Canada. We apologize for the delay. Interested parties are advised
to go to www.kayashack.com and
register for KAYS updates; a confirmation email and participation
code will be sent out to all shareholders and interested parties as
soon as the date is set.
About Kaya Holdings,
Inc. (www.kayaholdings.com)
and the Kaya Shack™ brand
(www.kayashack.com)
of licensed medical and recreational marijuana stores:
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 has expanded and presently
operates three Kaya Shack™ OLCC licensed marijuana retail stores to
service the legal medical and recreational marijuana market in
Oregon (www.kayashack.com),
has developed its own proprietary Kaya Farms™ strains of cannabis,
which it grows and produces (together with edibles and other
cannabis derivatives) at its Eugene, Oregon licensed
recreational
and medical marijuana production and processing facility, which it
acquired in October 2018 and is operating pursuant to a management
agreement pending OLCC approval to reissue the license to MJAI
Oregon 1, LLC (KAYS' main Oregon Operating Subsidiary).
The
Company also owns a 26-acre parcel in Lebanon, Linn County, Oregon,
which it purchased in August 2017 on which it intends to construct
a cultivation and production facility. KAYS
filed
for
zoning and land use approval in early 2018, and after numerous
regulatory challenges and delays, we finally received zoning and
land use approval in January, 2019 to build an 85,000-square foot
Kaya Farms™ greenhouse grow and production facility. Kaya Farms has
begun designing the facility for maximum production of
approximately 100,000 pounds annually, should recent efforts by
Oregon state officials to enable export, or Federal
decriminalization permit Oregon cannabis farms to maximize
capacity and
export cannabis.
The
Company maintains a genetics library of over 30 strains of cannabis
and has also formulated various edibles, cannabis derivatives and
marijuana cigarettes under Kaya owned brand names.
Additionally,
the Company is exploring opportunities to expand its operations
beyond Oregon by replicating its Kaya Shack™ brand retail outlets
through franchising in other states where recreational cannabis use
is legal or expected to become legal in the near term, as well as
in Canada, where it is legal nationwide.
KAYS
has retained the Toronto, Canada based law firm of
Garfinkle
Biderman,
LLP to prepare the Franchise Disclosure Documents ("FDD") and
related items for the sale of Kaya Shack™ cannabis
store
franchises in Canada, which is the only G7 country that has
legalized both medical and recreational cannabis production, sale
and use on a national level.
We
expect the franchise sale and placement effort throughout Canada to
progress over the next 3-18 months. KAYS plans to ultimately expand
its franchise operations to the U.S., as regulations and laws
permit.
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.
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
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