kaya farms

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

KayaShack-interior(KayaHoldings)

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)

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