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Oregon: Kaya Holdings Inks Agreement For Next Marijuana Grow

KayaShackMarijuanaGarden

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

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.

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