PORTLAND, Ore., Oct. 01, 2015 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB:KAYS) announced today that its flagship Kaya Shack store in Portland Oregon will begin selling legal recreational cannabis beginning today at 10:00 am PST. The Company’s Kaya Shack retail marijuana store will be offering all customers over the age of 21 years a variety of 40 strains of high quality, connoisseur-grade cannabis. Under the early recreation rules, customers may purchase up to one quarter of an ounce daily.
Kaya Shack also confirmed that they have received their State issued licenses to sell legal recreational and medical marijuana at its soon-to-open Marijuana Superstore in Salem, Oregon and that they are just awaiting local licensing approval by the City of Salem.
“We have spent these weeks leading up to recreational sales to improve our grow operations, complete the second store build-out, strengthen our brand, train our staff for both high service and complete compliance, and expand our product offering,” states KAYS CEO Craig Frank. “These are historic and exciting times and we fully understand how the success of this recreational model will influence additional potential markets and the cannabis legalization effort nationwide. We choose to be an example of the potential for legal cannabis and we believe we shine as a light of best practices and measured progress.”
In a related story, CBS Oregon Affiliate KOIN Channel 6 Television News featured Kaya Holdings and the Kaya Shack Retail Marijuana Store in Portland, Oregon on the eve of recreational sales, and spotlighted the company’s stock and status as the first fully reporting US Public Company to commence legal recreational marijuana sales.
To see the video please click here.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the Kaya Shack (www.kayashack.com) , the first legal marijuana dispensary by a U.S. publicly traded company – Kaya Shack™. KAYS creates and establishes it own brands that produce, distribute and/or sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies.
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.
For more information contact Investor Relations: 561-210-7664