LEBANON, Ore., Sept. 19, 2017 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB:KAYS), announced today that it has completed the purchase of 26 acres of prime farmland in Lebanon, Oregon. The Company plans to develop the property to house the maximum canopy permitted by law for its legal medical and recreational marijuana farming operations, as well as construct facilities for the manufacture and packaging of Kaya owned brands of concentrates and oils, edibles, and creams to be sold through Kaya Shack™ stores and, subsequently through wholesalers to other retailers.
“On March 21st we announced that we had retained a realtor for the purpose of identifying a suitable tract of land for KAYS to expand our Legal Medical and Recreational Marijuana Grow and Manufacturing Operations. After several months of reviewing dozens of properties we are very pleased to announce that we have completed our purchase and have taken possession of the property,” reports Kaya Holdings CEO Craig Frank. “We will be developing the land to reach its maximum potential, including a mix of indoor and greenhouse cultivation, development of marijuana processing facilities and other cannabis related enterprises as legally permitted.”
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 within Q-4 of 2017. The Company is estimating that once the grow side of the operation is operating at full capacity the facility will yield in excess of 4,500 pounds of marijuana annually to feed the Kaya Shack Supply Chain, providing the Company with secured access to more than 200 strains of the highest quality marijuana at costs substantially lower than would otherwise be available. Additionally, the Company expects to aggressively brand and market its own strain specific oils and concentrates, a wide variety of cannabis infused foods, and infused creams and lotions.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the first legal marijuana dispensary by a U.S. publicly traded company – Kaya Shack™ (www.kayashack.com). 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.