Cannabis Company Kaya Holdings, Inc. (OTCQB: KAYS) Wins Appeal Against Linn County, Oregon’s Denial of Application for Development of Legal Cannabis Production Facility; KAYS Advances Plans for Development of 80,000+ Square Foot Kaya Farms™ Grow Complex in Lebanon, Oregon
PORTLAND, Ore., Nov. 19, 2018 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has prevailed in its appeal of Linn County Oregon’s denial of its valid application to develop and construct Kaya Farms™, a 80,000 plus square foot indoor/outdoor cannabis production facility, on its 26 acre farm in Lebanon, Oregon. The Company also confirmed that its Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 will be filed with the SEC later today, marking a period viewed by management as the beginning of an era of Company growth.
“We are pleased with the LUBA ruling and hope Linn County and its residents will view this as a chance for a new start and greet us as neighbors. It is our intention to exercise our absolute right to grow and produce legal cannabis on our farm and we look forward to being good citizens and good neighbors”, remarked Craig Frank, Kaya Holdings’ CEO. “
To see a copy of the LUBA order, go to: https://www.dropbox.com/sh/5x5koeqqu5f2env/AAAviyWDC6M7K3Qj3H6YZLTxa?dl=0
To see video of the Kaya Farms™ project go to: https://www.dropbox.com/s/3po31ksdilcl9l9/Kaya_Farms%20Final.mp4?dl=0
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KAYS (OTCQB: KAYS), 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™ OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon ( www.kayashack.com ). Additionally, in late 2017 KAYS acquired a 26-acre parcel in Lebanon, Oregon which it has targeted for development of the Kaya Farms™ 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.
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 U.S. Attorney General Jeff Sessions Memo dated January 4, 2018, and subsequent commentary from the U.S. Attorney for the District of Oregon Billy Williams), and plans to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that KAYS 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, 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.
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