KAYA HOLDINGS FILES 10-Q, REPORTS 500%+
MARIJUANA REVENUES INCREASE AT KAYA SHACK STORES FOR 1ST MONTH
OF RECREATIONAL MARIJUANA SALES IN OREGON
Portland, OR -- November 24, 2015 -- InvestorsHub NewsWire --
Kaya Holdings, Inc. (OTCQB:
KAYS), announced today that it has released its quarterly
report for the period ending September 30, 2015. During this
quarter the Company operated its Medical Marijuana Facility in
Portland, transitioned the Portland location to a recreational
outlet, opened a second store in Salem (also recreational) and
dramatically upgraded its consolidated Grow. Additionally, within
the Management Discussion and Analysis of Operations section of the
10-Q is an analysis of the first thirty days of recreational sales
as experienced at the Companys 2 retail marijuana locations in
Portland and Salem, Oregon.
October 2015: The
first thirty-one days of limited recreational marijuana
sales
Although we are dealing with a very short snapshot of the
recreational market, the 500%+ increase in total sales for the
company and nearly 400% increase in same store revenues at our
established Hawthorne location is consistent with our thesis that
the recreational marijuana market is much more lucrative for the
company than medical sales.
Additionally, if you factor that the current rules permit us to
sell only limited recreational sales (flower only and no more than
7 grams to any individual per day) we are confident that revenues
will increase again once our recreational customers can purchase
larger amounts of flower and buy additional products, such as
extracts, concentrates and edibles.
This has been an incredible period of growth for us, stated
Craig Frank, CEO of Kaya Holdings. We have effectively expanded our
operations, dramatically increased revenues, and constructed a
strong foundation upon which additional growth will be developed.
We believe sales will continue to grow as our Salem based Marijuana
Superstore gains more market share and the rules expand customer
buying options. The true promise of this industry is beginning to
show itself.
About Kaya Holdings, Inc. (KAYS) www.kayaholdings.com
KAYS (OTCQB:
KAYS) through its subsidiary, Marijuana Holdings Americas, Inc.
(MJAI), owns and operates Kaya Shack - the first legal marijuana
dispensary by a fully reporting U.S. public company. Through its
Kaya Farms Grow operations, 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 visit www.kayaholdings.com or contact
Investor Relations: 561-210-7664