Kaya Holdings, Inc. (OTCQB: KAYS)
owns and operates the Kaya Shack™, which was the first legal marijuana
dispensary operated by a publicly traded company in the United States. The
company creates and establishes its own brands that produce, distribute and
sell premium cannabis products – including flower, concentrates and
cannabis-infused baked goods and candies. Building upon the success of its
retail location, Kaya recently confirmed that it had filed an application to
clear the way for a second Kaya Shack™ in the state of Oregon. This move should
allow the company to continue enhancing its financial results while
establishing a strong early-mover advantage as the state’s legislature prepares
to begin allowing recreational sales as early as this fall.
“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,” stated Craig Frank, Chief Executive Officer
of Kaya. “This next location is part of our announced growth plan and highlights
our commitment to execute our business plan in a disciplined and calculated
manner. We are building the first truly vertically integrated legal marijuana
enterprise in the United States.”
In April, Kaya took a significant
step towards sustainability through the announcement of its own medical
marijuana grow operations. This allows the company to precisely regulate the
quality and stability of its supply while maintaining control of the margins of
its growing brand of products. By continuing to ramp up production levels
nearing the launch of its second retail location, Kaya is in a formidable
position to capitalize on the expected growth of both the medical and
recreational cannabis industries moving forward.
As Oregon’s Measure 91 begins to go
into effect, industry experts expect the state’s cannabis industry to follow a
similar path to that of Colorado. From January to October 2014, Colorado’s
recreational marijuana sales accounted for over $246 million, according to the
Colorado Department of Revenue, and, when combined with the medical marijuana
market, produced total industry revenues of more than $573 million in just ten
months. Among these sales, consumers purchased more than 4.8 million edible
marijuana products, according to Time, further highlighting the potential
benefits of Kaya’s formidable position in the developing Oregon cannabis
market.
“Our entry into the legal marijuana
space has been careful and deliberate,” continued Frank. “[W]e have developed
the processes, procedures and requisite infrastructure to operate a
multi-location marijuana enterprise, and begin to more actively assume a more
visible profile.”
In the years to come, there’s little
doubt about the huge upside that Kaya could offer to prospective investors.
For more information, visit
www.kayaholdings.com
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