International
Cannabis Company Kaya Holdings,
Inc.
Enters into Strategic Partnership with U.S.-Israeli
Cannabis Innovation
Lab
Ft. Lauderdale, FL --
July 22, 2020 -- InvestorsHub NewsWire -- Kaya Holdings, Inc.,
("KAYS" or the "Company") (OTCQB.KAYS),
the first U.S. publicly traded company to vertically integrate
cannabis retail, cultivation and processing, announced today that
it has formed a strategic partnership with Day Three Labs
("DTL"), a cannabis
innovation and
development lab headquartered in Denver, CO with
scientific research
operations in Ra'anana,
outside
of Tel Aviv, Israel.
The parties will
focus their first cooperative endeavor on sourcing and developing
select CBD supplements for pets, to be distributed in Europe by
Kaya Kannabis, KAYS' joint venture in Greece. Additionally, both
Joshua
Rubin and
Rafi Cohen, DTL's principals, will serve on the Advisory Board of
Kaya Shalvah, KAYS' cultivation and processing project targeted for
construction in Israel.
"We are extremely
happy to be working closely with DTL on projects of mutual
interest. Our association with them brings to KAYS distinctive
Israeli product development, relationships in the Israeli cannabis
scientific community, and the benefit of their experience and
service," stated KAYS CEO Craig Frank. "More importantly",
continued Frank, "this relationship demonstrates our commitment to
the Kaya Shalvah project in Israel and our ability to operate
cooperatively with those in the Israeli cannabis
sector".
According to DTL's
CEO, Joshua Rubin, "Our
partnership with
KAYS, a
proven
trailblazer and
pioneer, furthers our efforts
to drive innovation throughout the global cannabis
industry. We are excited to
collaborate on introducing exciting and differentiated cannabis
products to the market, beginning with CBD pet supplements, and
look forward to lending our cannabis expertise to KAYS advisory
board."
To be
advised of all upcoming News Releases and shareholder emails please
go to www.kayaholdings.com and
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About
Day Three Labs (https://daythreelabs.com)
Led by a team of CPG brand strategists and Israeli scientists, Day
Three Labs (DTL) is a cannabinoid product innovation and
development lab specializing in custom cannabis solutions.
With headquarters in Denver and research operations in Israel, DTL
taps into over 50 years of science research and plant study to
disrupt the cannabis industry by delivering Israeli innovation and
ingenuity to global markets. Product development spans a diverse
range of the CPG space, including: health + wellness;
skinceuticals; food + beverage; sports training + recovery;
personal care; pet care; intimacy products; cosmetics; and women's
and men's health.
DTL helps brands tell a compelling narrative by designing
differentiated products and, coupled with impact studies,
illustrates CPG cannabinoid products perform as
intended.
About Kaya Holdings, Inc. (www.kayaholdings.com)
Kaya
Holdings, Inc. ("KAYS") is a touch-the-plant vertically integrated
legal cannabis company operating a number of majority-owned
subsidiaries that retail, cultivate, produce and distribute premium
medical and recreational cannabis products, including flower,
concentrates, oils and extracts, cannabis-infused foods and
beverages, topicals and cannaceuticals.
KAYS is a fully reporting, US-based publicly traded company, listed
for trading on the OTCQB Tier of the over-the-counter market under
the symbol
OTCQB:KAYS.
KAYS
Cannabis operations are conducted under three main majority-owned
subsidiaries as further detailed below:
Marijuana Holdings Americas, Inc. owns
the Kaya Shack™ brand of licensed medical and recreational
marijuana stores ( www.kayashack.com )
and the Kaya Farms™ brand of cannabis production and processing
operations that operate in the United States.
Kaya Brands USA, Inc. owns
a wide range of proprietary brands of cannabis extracts, oils,
pre-rolls, topicals, food and beverages, cannaceuticals
and
related accessories.
Kaya Brands International, Inc., was
founded to serve as the vehicle for the Company's non-U.S.
operations including retail franchising in Canada and cultivation
activities in Greece and Israel.
Marijuana Holdings Americas, Inc.- U.S. Cannabis
Operations
Kaya Shack™ Retail Cannabis Stores
In
2014, KAYS became the first United States publicly-traded company
to own and operate a Medical Marijuana Dispensary. KAYS
presently operates
two
Kaya Shack™ OLCC licensed marijuana retail stores to service the
legal medical and recreational marijuana market in Oregon, and is
in the process of relocating a third retail cannabis license to
serve as a delivery hub for the Eugene and Southern Oregon Cannabis
Market.
Kaya Farms™
Eugene, Oregon Indoor Grow, Processing &
Cannaceutical
Facility: KAYS
has developed its own proprietary Kaya Farms™ strains of cannabis,
which it grows and produces (together with edibles and other
cannabis derivatives) at its 12,000 square foot indoor grow and
cannabis manufacturing
facility in Eugene, Oregon, capable of producing approximately
1,500 pounds of premium cannabis annually, with the capacity for
expansion. The Company also plans to use the space for production
of oils, concentrates, extracts, edibles, and cannaceuticals.
KAYS is currently conducting limited operations at the facility
pending approval transfer of the production and processing licenses
to KAYS by the Oregon Liquor Control Commission (the "OLCC"), the
Oregon state regulating agency which regulates legal cannabis
production, processing and sale.
Lebanon, Oregon Farm & Greenhouse Facility: KAYS
owns a 26-acre parcel in Lebanon, Linn County, Oregon which it
intends to construct an 85,000-square-foot Kaya Farms™ greenhouse
cultivation and production facility. To date KAYS has received Linn
County Zoning approvals and upon issuance of OLCC Licensing it will
begin construction. The farm is intended for immediate development
and provides the Company with a potential additional capacity of
more than 100,000 pounds annually, to be expanded once export from
Oregon to other U.S. States and foreign countries where cannabis
use is legal is permitted. Kaya Farms™ operates in accordance with
a Grow Operations manual, as well as manuals for compliance,
employment matters and safety.
Kaya Brands USA, Inc.- Brand and Product Development
The
Company maintains a genetics library of over 30 strains of cannabis
and owns a number of proprietary brands in traditional and
innovative cannabis categories including Kaya Buddies™ pre-rolls,
Really Happy Glass™ cannabis accessories, and Kaya Gear™,
company-related and cannabis-centric fashion. These brands are
currently available at Kaya Shack™ stores.
The
Company has made advances in the development of its
Kumba
Extracts™,
Syzygy Extracts™, Pakalolo Juice Company™ Soothe Topicals™, Tony
Giggles Pleasure Foods™ (frozen infused Italian entrees), Uptown
Shaman™ (cannaceuticals),
and Kaya Yums™
(chocolates, gummies, power bars) brands. Pending approval of our
production and processing license, KAYS intends to begin a
multi-state rollout planned in 2020 to the extent permitted by U.S.
legal infrastructure. These brands are intended for all Kaya Shack™
stores, both corporate-owned and franchised.
Kaya Brands International, Inc.- Foreign Cannabis
Operations
After
over six years of conducting "touch the plant" U.S. cannabis
operations inside the strict regulatory confines of a public
company, KAYS has formed a subsidiary, Kaya Brands
International,
Inc. ("KBI") to leverage its experience and expand into worldwide
cannabis markets. KBI's current operations and initiatives
include:
Canadian Franchising: KAYS
has targeted Canada for its first international sale and operation
of Kaya Shack™ cannabis store franchises. KAYS has entered into an
area representation agreement with The Franchise Academy (a leading
Canadian Franchise Development and Sales Group) to implement the
Kaya Shack™ Retail Cannabis Store program in Canada (the only G7
country that has legalized both medical and recreational cannabis
production, sale and use on a national level). The agreement
targets 75-100 Kaya Shack™ Cannabis Retail locations throughout
Canada through a multi-year structured rollout, subject to
licensing and market conditions.
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 enter the Canadian
market.
Additionally,
KAYS has retained Toronto, Canada based law firm of
Garfinkle Biderman,
LLP to prepare the Franchise Disclosure Documents and related items
for the sale of Kaya Shack™ cannabis store franchises in Canada. We
expect the franchise sale and placement effort throughout Canada to
progress over the next 3-24 months. KAYS plans
to
ultimately expand its franchise operations to the U.S., as
regulations and laws permit.
Kaya
Kannabis-
Kaya Farms™ Greece
General: KAYS
has entered into a Memorandum of Understanding ("MOU") setting
forth an agreement in principle for KBI to acquire a 50% ownership
interest in Greekkannabis,
PC ("GKC"). GKC is a recently formed Athens, Greece based cannabis
company which has applied for and is awaiting issuance of a medical
cannabis cultivation, processing and export license from the Greek
government.
The
MOU sets forth an agreement in principle, pursuant to which in
consideration for KBI providing the necessary expertise related to
cannabis cultivation, processing, brand development and other
matters, KBI will have the right to acquire a 50% ownership
interest in GKC by reimbursing GKC for 50% of its license
application costs (with allowances for KBI's expenses as well).
Consummation of the transaction contemplated by the MOU is subject
to, among other customary conditions, satisfactory completion by
KBI of its due diligence review of GKC, the drafting,
execution and delivery of definitive transaction documentation and
final license approval and issuance by the Greek
government.
GKC
plans to establish its cannabis cultivation and processing facility
on land already identified outside of Athens. Project Management
envisages a total of 425,000 square feet of light deprivation
greenhouses situated on fifteen acres of land and supported by an
additional 50,000 sq. feet building for workspace, storage and
administrative offices. The Company estimates total farm
production, once completely constructed and operating at full
capacity, to be at a minimum of approximately 225,000 pounds of
premium grade cannabis annually.
Licensing Status: On
April 22, 2020 KAYS/KBI received confirmation from their Greek
Counsel that the Greek Government had awarded the crucial
Installation License for the project.
KAYS
and KBI are represented in Greece by the Athens based law firm
of Dalakos
Fassolis
Theofanopoulos
( https://dftlaw.gr/ ).
The firm has developed a long-established and well-respected
commercial legal practice and has developed a wide international
network of correspondent relationships with overseas law offices
throughout the world.
Kaya Farms™ Israel
KAYS,
through KBI is seeking to establish a state of-the-art cannabis
cultivation facility on approximately 50 acres of prime
agricultural land.
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
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
SOURCE: Kaya
Holdings, Inc.
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