kaya shack

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Oregon: Kaya Holdings Inks Agreement For Next Marijuana Grow

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Kaya Holdings, Inc. on Friday announced that it has reached an agreement to acquire assets from OC Harley Gardens, a Portland based marijuana grow, which, according to Kaya, "produces high quality, connoisseur-grade, medical marijuana as the countdown to legal recreational sales in Oregon continues."

The assets include an existing duly licensed patient base with associated plants and grower licenses, unique genetics, equipment, and use of the facility on a rent-free basis.

"This asset purchase is part of our plan to expand our production capacity prior to the introduction of legal recreational marijuana use in Oregon, which could be as early as October 2015 or sooner," said Kaya Shack CEO Craig Frank. "OC Harley Gardens produces excellent marijuana and grows unique varieties with THC ranging from 20-27 percent which will further add to our wide selection.

"Our Kaya Farms grow operation permits us to maintain a consistent selection and high quality standards," Frank said.k "We believe the assets of OC Harley Gardens, which will be integrated into the Kaya Farms, will support the Kaya Shack™ supply chain, and further enhance our efforts in this regard.

Oregon: 2nd Medical Marijuana Dispensary License Filed By Kaya Shack

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Kaya Holdings, Inc., which calls itself the first fully reporting U.S. public company to own and operate a vertically integrated medical marijuana dispensary and medical marijuana grow operation in the United States, on Wednesday confirmed that it has filed an application for an additional license to open its second Kaya Shack™ medical marijuana dispensary in Oregon.

The company, in a prepared statement, announced it "believes that its planned Kaya Shack™ Marijuana Superstore would support revenue-enhancing opportunities currently under development by the Company as well as those under consideration by the Oregon legislature, including potential early recreational sales by existing MMDs as early as early Fall 2015."

"Targeted to be open in 90 days or less to take advantage of potential early recreational sales currently under consideration by the Oregon Legislature, this location is to be launched as a Kaya Shack Marijuana Superstore," said Craig Frank, CEO of Kaya Holdings. "The first class space, with a footprint roughly three times the size of our first Kaya Shack MMD in Portland, was carefully chosen with an eye towards multiple usages to both enhance revenues and broaden branding opportunities.

"The design would also allow for both recreational and medical marijuana sales at the same location (subject to state and local approval), as well as a major profiling of certain proprietary Kaya Farms Grow products currently under development," Frank said.

Oregon: Kaya Farms Marijuana Grow Operation To Supply Kaya Shack

KayaShack-interior(KayaHoldings)

Kaya Holdings, Inc. on Thursday announced that it has commenced with its own medical marijuana grow operations for the cultivation and harvesting of legal marijuana. The grow operation places Kaya Holdings as the first U.S. publicly traded company to own a majority interest in a vertically integrated legal marijuana enterprise in the United States, according to the company.

"This grow begins our path to complete vertical integration where our Kaya Shack stores exclusively sell company produced products," said 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," Frank said. "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, according to Kaya Holdings. The company expects to expand the grow operations throughout 2015, enlarging capacity and increasing the number of varieties grown.

About Kaya Holdings, Inc. (KAYS)

Oregon: First 'Kaya Shack' Medical Marijuana Dispensary Opens; Chain Planned

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By Steve Elliott
Hemp News

It was bound to happen, and now it has: The first of a planned national chain of medical marijuana dispensaries has opened. The very first Kaya Shack opened Thursday morning in Portland, Oregon, and began sales to licensed medical marijuana cardholders.

The Kaya Shack dispensary opened at 10 a.m. in a 1,000-square-foot storefront near Southeast 17th Avenue and Hawthorne Boulevard. As required by Oregon law, the company has a state resident responsible for the dispensary.

The planned Kaya Shack chain is owned by the Florida-based Alternative Fuels Americas, Inc. (AFAI) majority owned subsidiary Marijuana Holdings Americas, Inc. Marijuana Holdings Americas is one of only a handful of out-of-state companies that have ventured into Oregon's medical marijuana market in the past 16 years, since voters approved medicinal cannabis at the polls in 1998.

"Our analysis showed that Oregon was the next state of any significance," CEO Craig Frank told the Portland Tribune's Kevin Harden in May. "So we focused on Oregon."

The opening places AFAI as the first publicly traded company in the United States to own a majority interest in a marijuana dispensary conducting legal sales of cannabis, according to the company.

"We are very excited to be opening the first Kaya Shack," said Frank. "We believe our brand is unique and inviting, and out staff is well trained to provide a friendly and knowledgeable consumer experience."

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