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.