Cannabis Company Kaya Holdings, Inc. Purchases 26 Acres for
Development of Legal Medical and Recreational Marijuana Grow and
Manufacturing Complex
Lebanon, OR -- September 19, 2017 -- InvestorsHub NewsWire --
Kaya Holdings, Inc. (OTCQB:KAYS),
announced today that it has completed the purchase of 26 acres of
prime farmland in Lebanon, Oregon. The Company plans to develop the
property to house the maximum canopy permitted by law for its legal
medical and recreational marijuana farming operations, as well as
construct facilities for the manufacture and packaging of Kaya
owned brands of concentrates and oils, edibles, and creams to be
sold through Kaya Shack stores and, subsequently through
wholesalers to other retailers.
On March 21st we announced that we had retained a realtor for
the purpose of identifying a suitable tract of land for KAYS to
expand our Legal Medical and Recreational Marijuana Grow and
Manufacturing Operations. After several months of reviewing dozens
of properties we are very pleased to announce that we have
completed our purchase and have taken possession of the property,
reports Kaya Holdings CEO Craig Frank. We will be developing the
land to reach its maximum potential, including a mix of indoor and
greenhouse cultivation, development of marijuana processing
facilities and other cannabis related enterprises as legally
permitted.
KAYS presently operates three Kaya Shack OLCC licensed marijuana
retail stores to service the legal medical and recreational
marijuana market in Oregon, with store number four currently under
construction and expected to open within Q-4 of 2017. The Company
is estimating that once the grow side of the operation is operating
at full capacity the facility will yield in excess of 4,500 pounds
of marijuana annually to feed the Kaya Shack Supply Chain,
providing the Company with secured access to more than 200 strains
of the highest quality marijuana at costs substantially lower than
would otherwise be available. Additionally, the Company expects to
aggressively brand and market its own strain specific oils and
concentrates, a wide variety of cannabis infused foods, and infused
creams and lotions
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS)
through its subsidiary, Marijuana Holdings Americas, Inc. owns and
operates the first legal marijuana dispensary by a U.S. publicly
traded company Kaya Shack (www.kayashack.com). 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