Kaya Holdings, Inc. (OTCQB: KAYS) is engaged within the research, production and distribution of medical cannabis products. Shares of the medical marijuana company are rallying 32%, through early trading on Thursday, November 16, 2017. Over the past month, Kaya Holdings, Inc. has seen average daily volume of 273,869 shares. However, volume of 900,679 shares or dollar volume of $108,081, has already exchanged hands on the day.
Shares of Kaya Holdings, Inc. are rallying today, after the company announced that it has retained the architectural firm, Willard C. Dixon Architect, LLC. The architecture company will be focuses on developing a 100,000 square foot cannabis grow and production facility in Lebanon, Oregon. The company says they estimate the facility will be able to process 4,500 pounds of cannabis each year once the facility is fully operational. Here is the full press release detailing of the cannabis facility construction:
Kaya Holdings, Inc. Press Release:
LEBANON, Ore., Nov. 16, 2017 (GLOBE NEWSWIRE) — Kaya Holdings, Inc. (OTCQB:KAYS), announced today that it has retained the services of the Willard C. Dixon Architect, LLC, architectural design firm of Eugene, Oregon, to design and assist with developing the company’s cultivation and manufacturing facilities on its newly acquired 26 acre property in Lebanon, Oregon. Willard C. Dixon & Associates will assist the Company with the initial site layout and design of the Kaya Farms™ Marijuana Grow and Manufacturing Facility, including, securing all necessary permits, creating construction documents, and overseeing construction of cost-effective, energy efficient structures.
The Company recently acquired 26 acres of prime farmland on which it plans to develop the 100K+ Square Foot Kaya Farms™ Grow and Manufacturing Facility, which, using a mix of indoor and greenhouse cultivation, once fully developed, we anticipate will yield in excess of 4,500 pounds of top-quality marijuana annually. KAYS will also expand its production capabilities with brands in oils, vape cartridges, concentrates, a selection of edibles, and infused creams and lotions. The Company has certain brands in advanced stages of development and expects to be making additional announcements with respect to brand development and introduction in the near future.
“We are pleased to be working with Will Dixon and his team of experienced architects,” comments Kaya Holdings CEO Craig Frank. “We have shared with them our vision for the property, including a mix of indoor growing and greenhouse cultivation, as well as the development of marijuana processing facilities, and they have drawn upon previous experience to provide us with choices that will serve to make Kaya Farms™ and the brands we develop more efficient, and, therefore, more competitive. Will’s mandate is to deliver KAYS a state-of-the-art facility with cutting edge technology that is aesthetically pleasing and environmentally friendly that will have a net positive impact on the area’s businesses and overall quality of life,” continued Frank.
Save the Date- KAYS Shareholder Conference Call December 20, 2017, at 2:00 PM EST.
KAYS shareholders and other interested parties are reminded to sign up for the Kaya Holdings Shareholder Call on Wednesday, December 20, 2017, at 2:00 P.M. EST. The call is expected to last between 60-90 minutes. Among the topics to be discussed in the call are Kaya Shack™ store performance, new store development, OLCC licensing update, new brands to be introduced in 2018, an industry overview and the acquisition of our 26 acre parcel and its development of the Kaya Farms™ 100K Square Foot Grow and Manufacturing Facility.
You may register to participate in and receive updates with respect to the Shareholder call by going to our website at www.kayaholdings.com.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS), through subsidiaries, owns and operates brands that produce, distribute and/or sell premium cannabis products, including flower, concentrates and oils, and cannabis-infused foods.
In 2014, KAYS, became the first publicly traded company to own and operate a Medical Marijuana Dispensary. KAYS presently operates three Kaya Shack™ OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon, with store number four currently under construction and expected to open in Q-4 of 2017. Additionally, KAYS recently acquired a 26 acre parcel which it has targeted for development of the Kaya Farms™ Medical and Recreational Marijuana Grow and Manufacturing Complex.
IMPORTANT DISCLOSURE: KAYS is planning execution of its stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department’s Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that AFAI and MJAI will obtain advice of counsel prior to actualizing any portion of their business plan (including but not limited to license applications for the cultivation, distribution or sale of marijuana products, engaging in said activities or acquiring existing Cannabis production/sales operations). Advice of counsel with regard to specific activities of KAYS and MJAI, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
Forward Looking Statements
This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company’s current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.