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Saturday, November 26, 2022

What Do You Know About KAYA HOLDINGS INC (OTCMKTS:KAYS)

KAYA HOLDINGS INC (OTCMKTS:KAYS) continues to trade moderate volume just over the $0.08 mark. This is a stock that has flown under the radar for too long as the Company opens a number of pot dispensaries in Oregon.

When pot stocks heat up KAYS would be a great place to be; this is the only seed to sale on the bb’s. There are plenty of catalysts to suggest another pot boom; DEA being told by California judge to stop interfering with dispensaries, billionaire Richard Branson suggesting a decriminalization amendment in the U.N. 6,000 non-violent drug offenders released Nov 1st, Australia lifting ban on medical mj, New York opening medical mj dispensaries January, Colorado revenues skyrocketing and more.

KAYA HOLDINGS INC (OTCMKTS:KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates Kaya Shack(TM) – the first legal pot dispensary by a fully reporting U.S. public company. Through its Kaya Farms Grow operations, 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.

Earlier this year KAYS said it has commenced with its own medical marijuana grow operations for the cultivation and harvesting of legal pot. The grow operation places KAYS as the first US publicly traded company to own a majority interest in a vertically integrated legal pot enterprise in the United States.

The grow operation will rotate varieties within the perpetual harvest room to include more than 30 strains of pot. The Company expects to expand the grow operations throughout 2015, enlarging capacity and increasing the number of varieties grown.

CEO Craig Frank said at the time “This grow begins our path to complete vertical integration where our Kaya Shack stores exclusively sell Company produced products. The economics of the industry and our quest for excellence in quality and stability in supply made establishment of this grow an immediate operation imperative. We are proud to have reached it so quickly and with so high a degree of expertise.”

In October KAYS announced it will begin selling legal recreational cannabis. The Company’s Kaya Shack retail pot 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.

The Kaya Shack™ currently features nearly 30 popular strains of marijuana including KAYS proprietary, high-grade “Kaya Kush” – grown exclusively for the Kaya Shack. Under the early recreation rules, customers may purchase up to one quarter of an ounce daily.

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Kaya Shack also confirmed that they have received their State issued licenses to sell legal recreational and med MJ at its soon-to-open pot Superstore in Salem, Oregon and that they are just awaiting local licensing approval by the City of Salem.

CEO Craig Frank said “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. 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.”

On November 24 KAYS announced it has released its quarterly report for the period ending September 30, 2015. During this quarter the Company operated its Medical Marijuana Facility in Portland, transitioned the Portland location to a recreational outlet, opened a second store in Salem (also recreational) and dramatically upgraded its consolidated Grow. Additionally, within the Management Discussion and Analysis of Operations section of the 10-Q is an analysis of the first thirty days of recreational sales as experienced at the Company’s two retail marijuana locations in Portland and Salem, Oregon.

The Company said ”Although we are dealing with a very short snapshot of the recreational market, the 500%+ increase in total sales for the company and nearly 400% increase in same store revenues at our established Hawthorne location is consistent with our thesis that the recreational pot market is much more lucrative for the company than medical sales.”

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Currently trading at a $8.4 million market valuation KAYS has minimal assets or revenues and rising short term debt. But KAYS is an exciting story developing in small caps; the Company is building a chain of pot dispensaries in Oregon and is making some big moves here; KAYS recently transitioned the Portland location to a recreational outlet and opened a second store in Salem as well as dramatically upgraded its consolidated Grow. We will be updating on KAYS as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with KAYS.

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Disclosure: we hold no position in KAYS either long or short and we have not been compensated for this article.

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