Kaya Holding, Inc., (OTCMKTS:KAYS) was up big after the Company announced it has retained the law offices of Garfinkle Biderman LLP of Toronto to marshal an agreement to franchise its Kaya Shack(TM) brand of cannabis dispensaries in Canada. The Company is currently in the final stages of talks with a leading Ontario based franchise-consulting group to lead the sales effort, and expects to enter into an area representative agreement calling for a multi-year structured rollout of up to 75 Kaya Shack(TM) Retail Marijuana locations throughout Canada, subject to market conditions.
Kaya Holding, Inc., through subsidiaries, produces, distributes or sells legal premium medical and recreational 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. Since that time KAYS has expanded and presently operates four Kaya Shack(TM) OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon. KAYS operates kayaholdings.com and the Kaya Shack(TM) brand kayashack.com of licensed medical and recreational marijuana stores.
Additionally, in late 2017 KAYS acquired a 26-acre parcel in Lebanon, Oregon which it has targeted for development of the Kaya Farms(TM) Marijuana Grow Complex, and has completed the recent purchase of the Eugene, Oregon based Sunstone Farm Facility which holds OLCC (Oregon Liquor Control Commission) Licenses for both the production (growing) and processing of medical and recreational marijuana flower and cannabis concentrates/extracts/edibles.
Microcapdaily has been reporting on KAYS for years stating in November 2015:
“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.”
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KAYS sales are on a fast rise! Last year the Company reported revenues of $291,133 for the three months ended June 30, 2018, as compared to revenues of $ 199,790 for the three months ended March 31, 2017, and revenues of $546,498 for the six months ended June 30, 2018, as compared to revenues of $ 344,651 for the six months ended March 31, 2017. That’s a 45% year-over-year increase in revenues for Q-2 of 2018 versus 2017, and a nearly 60% year-over-year increase in revenues for the first six months of 2018 versus the same period of 2017.
On the recent agreement to franchise its Kaya Shack(TM) brand of cannabis dispensaries in Canada, KAYS CEO Craig Frank stated:
“We have always viewed our activities in Oregon as our learning ground, allowing us the opportunity to develop our business and operational models in one of the more competitive and dynamic cannabis markets. To paraphrase a famous phrase, we figure if we can make it in Oregon we can make it anywhere. We have learned quite a bit in our nearly 5 years of operations and we have the structure (manuals, training, etc.), the operational methodologies, and a joyful, feel good concept that is well suited for Canada. We look forward to serving the Canadian market, and utilizing the experience to perfect our franchise infrastructure so we can consider it as a basis for growth in the United States, should regulations permit.”
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Currently trading at a $18 million market valuation KAYS has minimal assets, significant debt and fast rising sales. KAYS is an exciting story developing in small caps; In 2014, KAYS, became the first publicly traded company to own and operate a Medical Marijuana Dispensary. Since that time KAYS has expanded and presently operates four Kaya Shack(TM) OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon. The recent agreement to franchise its Kaya Shack(TM) brand of cannabis dispensaries in Canada should give this one a boost. 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.