AFAI'S Marijuana Operations Now "Kaya Holdings," New Trading Symbol (OTCQB:KAYS) Starts Today 9:30 A.M.
PORTLAND, Ore., April 7, 2015 /PRNewswire/ -- Kaya Holdings, Inc. (OTCQB: KAYS), the first U.S. Public company to own and operate a medical marijuana dispensary, announced today that FINRA has approved its new name and stock symbol, which more accurately reflect the company's operations. The trading symbol, formerly AFAI, will now be KAYS. "The new name and symbol highlight our complete focus on becoming a group of compelling and successful marijuana product brands," stated Craig Frank, CEO.
KAYS plans to focus all its energies on expanding its legal marijuana operations, including its Kaya Shack™ brand of marijuana dispensaries. The Company's business plan calls for additional stores and the implementation of a vertically integrated production capability. Kaya Shack™ features more than 30 popular strains of marijuana, a wide selection of concentrates and oils, a variety of creams and lotions, and a broad assortment of infused cookies, candies and cakes.
"Our entry into the legal marijuana space has been careful and deliberate," states CEO Craig Frank. "Since we opened the flagship Kaya Shack Medical Marijuana Dispensary in Portland, Oregon approximately 9 months ago, we have developed the processes, procedures and requisite infrastructure to operate a multi-location marijuana enterprise, and begin to more actively assume a more visible profile."
"Over the next few weeks we will be releasing news and updates regarding our progress in areas including banking, branding and site development," continued CEO Craig Frank. "To kick off our efforts and to coincide with our annual report, KAYS is scheduled to present on the Cannabis Investor Webcast on Thursday, April 9, 2015 at 1:00 PM EDT." Shareholders and investors who would like to attend the free online webcast should go to http://www.cannawebcast.com to register for the webcast and http://www.kayaholdings.com to register for news and updates on Kaya Holdings and to see pictures of our operations.
About Kaya Holdings, Inc. (KAYS)
KAYS (OTCQB:KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the Kaya Shack, the first legal marijuana dispensary by a U.S. publicly traded company – Kaya Shack™. 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 AFAI 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. KAYS will pay a fee to broadcast through Cannabis Investor Webcast.
About Cannabis Investor Webcast
"We're excited that Kaya Holdings, Inc. has decided to present to our online audience of industry investors, analysts, executives, media, and consumers," said Derwin A. Wallace, Senior VP of Cannabis Investor Webcast. "We will work hard to get their value proposition the recognition and following it deserves."
The Cannabis Investor Webcast is held monthly. The online webcast will include 45-minute live company presentations and Q&A by CEO's and CFO's of privately-held and publicly-traded cannabis companies. The online webcast gives our audience a convenient and inexpensive way to research privately-held and publicly-traded cannabis companies.
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
SOURCE Kaya Holdings, Inc.
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