Kaya Farms Marijuana Grow Operation To Feed Kaya Shack Supply Chain
PORTLAND, Ore., April 9, 2015 /PRNewswire/ -- Kaya Holdings, Inc. (KAYS) announced today that it has commenced with its own medical marijuana grow operations for the cultivation and harvesting of legal marijuana. The grow operation places KAYS as the first US publicly traded company to own a majority interest in a vertically integrated legal marijuana enterprise in the United States.
"This grow begins our path to complete vertical integration where our Kaya Shack stores exclusively sell Company produced products," states CEO Craig Frank. "The economics of the industry and our quest for excellence in quality and stability in supply made establishment of this grow an immediate operation imperative. We are proud to have reached it so quickly and with so high a degree of expertise."
"This weekend Kaya employees and contractors will harvest the final round of our first medical marijuana crop rotations which have yielded the company nearly 25 pounds of independently tested-and-certified Oregon Connoisseur-Grade Medical Marijuana since January 1, 2015," continued Frank. "With planned expansion we are planning to ramp up to much higher production levels."
The grow operation will rotate varieties within the perpetual harvest room to include more than 30 strains of marijuana. The Company expects to expand the grow operations throughout 2015, enlarging capacity and increasing the number of varieties grown.
More about the grow and a general discussion on KAYS is scheduled on the Cannabis Investor Webcast on Thursday, April 9, 2015 at 1:00 PM EST. Shareholders and investors who would like to attend the free online webcast should go to http://www.cannawebcast.com to register for the webcast.
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 operated by a U.S. publicly traded company – Kaya Shack™. KAYS creates and establishes its 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.
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 http://www.kayaholdings.com or contact Investor Relations: 561-210-7664.
SOURCE Kaya Holdings, Inc.
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