Cannabis
Company Kaya Holdings, Inc. (OTCQB:KAYS)
Opens Fourth Kaya Shack Recreational and Medical Marijuana
Dispensary
Salem, OR -- April 25, 2018
-- InvestorsHub NewsWire -- Kaya Holdings, Inc. (OTCQB:
KAYS), announced today that it has opened its 4th legal
marijuana dispensary in Central Salem, Oregon. The Kaya Shack
Marijuana Superstore is licensed by the Oregon Liquor Control
Commission (OLCC) for recreational and medical sales, as well as
home delivery of cannabis products to anywhere within the
geographical limits of Salem, Oregon.
Kaya Shack 4 is located in a
strip mall that includes numerous fast food restaurants and
businesses such as Carl Jr., Popeye's Chicken, sandwich shops, a
microbrewery sports bar, a laundromat, and other businesses with
adjacent residential complexes to be constructed in 2018. It has a
footprint of approximately 3,100 square feet and utilizes the Kaya
Shack Marijuana Superstore model. We believe this store completes
our penetration of the Salem, Oregon market which is home to over
165,000 residents and numerous colleges, universities and
employers.
The shop features a wide
variety of cannabis flower, extracts and oils, including vape pens
and cartridges, edibles such as chocolates and gummies, and creams
and lotions. The store will also feature accessories such as glass,
papers, and Kaya Shack branded apparel and will continue to develop
to incorporate unique features such as a juice bar and an in-store
production area.
"This store has been a long
time coming as the space suffered severe water damage last winter,
delaying construction" stated Craig Frank, CEO of Kaya Holdings.
"We are pleased to be opening the shop, completing our expansion in
Salem and allowing us to fully serve the Salem community with fine
affordable cannabis. The completion of this stage of development
further positions us to now embark on our next stage of growth
which includes building Kaya Farms and the Kaya production complex
and beginning our expansion into other states."
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 has four Kaya Shack OLCC
licensed retail marijuana 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 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