Kaya Holdings, Inc. (OTCQB:KAYS), an integrated retailer and producer of legal medical and recreational cannabis products, welcomed the ruling of Florida state appellate court potentially opening up the Florida cannabis market to broader competition. The Company has responded by initiating plans to bring its popular Kaya Shack(TM) retail and product brands to Florida.
Kaya Holdings, Inc. (OTCQB:KAYS), an integrated retailer and producer of legal medical and recreational cannabis products, today announced that it is finalizing preparations to leverage its existing chain of Kaya Shack(TM) cannabis stores through the sale of franchises and licensing.
Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has retained the law offices of Garfinkle Biderman LLP of Toronto to marshal an agreement to franchise its Kaya Shack(TM) brand of cannabis dispensaries in Canada. The Company is currently in the final stages of talks with a leading Ontario based franchise-consulting group to lead the sales effort, and expects to enter into an area representative agreement calling for a multi-year structured rollout of up to 75 Kaya Shack(TM) Retail Marijuana locations throughout Canada, subject to market conditions.
The number of cannabis users worldwide is tremendous, considering the number of countries that have yet to legalize it. A report by the United Nations estimated that nearly 238 million people used cannabis in 2017. Despite the vast global presence, the North American segment alone accounted for 22% of global users. The North American region dominates global cannabis sales, driven mainly by the U.S. alone. The U.S. has not federally legalized cannabis but has given states the right and jurisdiction to decide the legality of cannabis. Currently, the majority of U.S. states have passed medical usage, while a fifth of the country allows for recreational use. The economic impact of cannabis within the U.S. and Canada are expected to drive the industry as well as lead other countries to explore possibilities of legalization. According to data compiled by Cooked Research, the global legal marijuana market is expected to reach USD 4.69 Billion by 2022. And it is expected to grow at a CAGR 22.03% during the forecast period. Weekend Unlimited Inc. (OTC: WKULF), The Supreme Cannabis Company (OTC: SPRWF), Future Farm Technologies Inc. (OTC: FFRMF), Kaya Holdings, Inc. (OTC: KAYS), Freedom Leaf Inc. (OTC: FRLF)
Kaya Holdings, Inc. (OTCQB: KAYS) has launched a subsidiary called Kaya Worldwide to explore a number of international opportunities for the expansion of Kaya Medical and Recreational Cannabis Operations. The Company also issued an update on its U.S. operations and the scheduling of KAYS’ Annual Shareholder Video and Conference call.
NEW YORK, January 29, 2019 /PRNewswire/ —
Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it is postponing its annual shareholder webinar and conference call, originally scheduled for Tuesday, December 18, 2018, until after the New Year to allow for the completion of negotiations for potential further expansion of the Company’s current cultivation canopy.
Kaya Holdings, Inc. (OTCQB:KAYS), the first U.S. publicly traded company to operate a vertically integrated legal marijuana enterprise, is pleased to announce that its next annual shareholder webinar and conference call will be held on Tuesday, December 18, 2018 at 2:00 pm EST.
Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has prevailed in its appeal of Linn County Oregon’s denial of its valid application to develop and construct Kaya Farms(TM), a 80,000 plus square foot indoor/outdoor cannabis production facility, on its 26 acre farm in Lebanon, Oregon. The Company also confirmed that its Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 will be filed with the SEC later today, marking a period viewed by management as the beginning of an era of Company growth.
Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has concluded the purchase of the Eugene, Oregon based Sunstone Farms manufacturing facility, which is licensed by the OLCC (Oregon Liquor Control Commission) for both the production (growing) of medical and recreational marijuana flower and the processing of cannabis concentrates/extracts/edibles. The purchase includes a 12,000 square foot building housing an indoor grow facility, as well as equipment for growing and extraction activity. The facility can produce in excess of 800 pounds cannabis flower annually as currently outfitted.