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
