Kaya Holdings (OTCQB: KAYS) Opens New Marijuana Grow And Manufacturing Complex As Oregon's Governor Gives Green Light For October 1st Recreational Marijuana Sales
PORTLAND, Ore., July 29, 2015 /PRNewswire/ -- Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has signed a lease on a 6,000 square foot facility in central Portland to serve as the Company's expanded Marijuana and Cannabis Manufacturing Complex and West Coast Operations Base.
The Company will consolidate Kaya Farms and the newly acquired assets of OC Harley Gardens, including equipment, plants and all related licenses into the new facility for a substantially expanded Grow with significantly increased volume capacities. The Grow will continue uninterrupted to produce high quality, connoisseur-grade marijuana, as the expansion occurs to prepare the Company for the October 1st commencement of recreational sales in Oregon.
Additionally, the new facility allows for industrial level marijuana product manufacturing for our coming roll-out of proprietary strain-specific concentrates, extracts and related products, as well as the establishment of a commercial grade kitchen to produce a complete Kaya Kitchens line of cannabis-infused baked goods and candies.
"This new facility allows us to aggressively expand our Grow volumes as we continue to prepare for recreational sales, permitting us to maintain quality standards and broaden our in-store selections," states KAYS CEO Craig Frank. "This space provides us with the opportunity to grow a substantial amount of high quality marijuana and manufacture proprietary strain-specific concentrates, extracts, edibles and related products, for sale through our retail network as well as additional distribution channels, permitting us to maintain quality standards and broaden our in-store selections. This facility is yet one more critical step toward being properly positioned to maximize the potential presented by recreational sales."
In a related matter, Kaya Holdings hails Oregon Governor Kate Brown's signing into law the bill passed by both the Oregon House and Senate, authorizing duly licensed medical marijuana dispensaries to lawfully sell up to 1/4 of an ounce per transaction to any adult age 21 or older. Commenting on the governor's signature, KAYS CEO Craig Frank states, "This was the right decision for the Governor and demonstrates her commitment to meeting the will of Oregonians, who passed Amendment 91 last November by a sizable margin. We applaud the Governor and look forward to participating in this historic moment in Oregon's, and indeed the United States' path toward ending the prohibition against marijuana."
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB: KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the Kaya Shack (www.kayashack.com) , 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 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
SOURCE Kaya Holdings, Inc.
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