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LOL! Wow" dude"!? You've been hyping this POS company since 2017!
Hopefully you haven't been holding on to tightly to those 200,000 shares you said you bought back in the day as they're only worth about 20% of what they were back in 2017.
Considering the consistent downward spiral that Dirty Dave and Cranky Frank have driven all the way to this recent reverse split, I can't imagine that any smart investors would still be playing in this tepid pool. And based on recent volume it would appear that I'm right.
BTW, since you asked, I more than tripled my investment in KAYS only because I saw the writing on the wall and sold all I owned of this POS before you even started posting on this board and before you're first stated purchased investment.
FYI... "Dude" is generally not how you address a lady. LOL!
Good luck to you!
What ever happened with the delivery car debacle and who is driving those cars now?
Well that explains heading overseas. Then they stick retail investors with a Reverse Split. Geeeeez.
Wow dude. You been knocking this company since 2016. How much did you loose? LOL.
KAYS_LOSES_TWO_LICENSES_FOR_ILLEGAL_ACTIONS in a judgement from OLCC, Oregon's marijuana regulatory commission.
Funny how Dirty Dave and Frank the Crank are still putting out false pr's claiming to be vertically integrated.Just to clarify what the behind the scenes information I shared means. That's the two licenses needed to be vertically integrated lost, Production and Processing both!
https://www.oregon.gov/olcc/Docs/stipulated_settlements/marijuana/SSA_October2020_MJ.pdf
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#A8DF) (Processor)
OAR 845-025-1160(4) – On or before August 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025-1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory with a unique identification (UID) tag pursuant to the system requirements of METRC Cannabis Tracking System when there were several jars of marijuana in a room on the licensed premises that did not have UID tags on them.
(1ST Level Category III)
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when several jars of marijuana were in a room with glass exterior doors.
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s
Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#035C) (Producer)
OAR 845-025-1160(4) – On or before August 29 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(c), (d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory and marijuana plants that were at least twenty four inches or identified as female with unique identification (UID) tags pursuant to the system requirements of METRC Cannabis Tracking System when there were bags of marijuana trim in a freezer, marijuana in two different drying rooms, and immature marijuana plants that were identified as female on the licensed premises that did not have UID tags on them.
(1st Level Category III
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when marijuana was stored in rooms that did not have steel doors and the exterior door leading into the licensed premises was not a steel door with a steel frame.
(1st Level Category III)
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of
license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
Kaya Holdings Engages CFN Enterprises Inc. to Reach New Cannabis Investors
Newsfile Corp.
Thu, February 11, 2021, 7:00 AM·4 min read
Kaya Holdings Inc. was the first publicly-traded company in the United States to operate a licensed marijuana dispensary, as well as the first to vertically integrate in the space.
Whitefish, Montana--(Newsfile Corp. - February 11, 2021) - CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announced the addition of Kaya Holdings Inc. (OTCQB: KAYS) to its growing client roster in the cannabis industry.
CFN Media will leverage its proprietary digital content platform and extensive distribution network-including its flagship CannabisFN website-to attract targeted retail, accredited and institutional investors to Kaya Holdings Inc.
"We are excited to be working with Kaya Holdings," said CFN Media President Frank Lane. "As a pioneer within the industry, the company has grown to become one of the most successfully vertically integrated players on the West Coast with dried flower, concentrates, oils and extracts, cannabis-infused foods and beverages, topicals and cannaceuticals."
Kaya Holdings operates two Kaya Shack dispensaries that are licensed for the sale and delivery of medical and recreational cannabis products in Oregon. In addition, the company operates a 12,000 sq. ft. indoor facility capable of producing about 1,500 pounds of cannabis each year, known as Kaya Farms, along with a 26.5 acre farm that is pending licensing.
"We are newly determined to claim our rightful place in the global cannabis space and have spent the past years developing international projects that render us so worthy. CFN Media's focus, network and skills makes them the perfect partner for us in achieving this goal," said Craig Frank, CEO.
In 2020, Oregon's cannabis industry broke $1 billion in sales for the first time, according to data from the Oregon Liquor Control Commission, which marks a 40% gain over the $726 million sold in 2019 through November 2020.
About Kaya Holdings Inc.
Kaya Holdings, Inc. ("KAYS") is a touch-the-plant vertically integrated legal cannabis company operating a number of majority owned subsidiaries that retail, cultivate, produce and distribute premium medical and recreational cannabis products, including flower, concentrates, oils and extracts, cannabis-infused foods and beverages, topicals and cannaceuticals. The Company is developing large-scale cannabis cultivation and processing projects in Greece and Israel.
KAYS is a fully reporting, US-based publicly traded company, listed for trading on the OTCQB Tier of the over-the counter market under the symbol OTCQB: KAYS.
About CFN Enterprises Inc.
CFN Enterprises Inc. (OTCQB: CNFN) is a digital media and ecommerce company focused on advancing businesses and brands in highly regulated emerging industries across the globe. CFN connects investors with new market opportunities while helping consumers find innovative products that enhance their lives. Learn more at www.cfnenterprisesinc.com.
Story continues
LifeClips, Inc. Appoints Robert Grinberg as President and CEO
Victoria Rudman remains with the Company in the role of Chief Financial Officer
February 09, 2021 08:30 ET | Source: Life Clips Inc.
AVENTURA, Fla., Feb. 09, 2021 (GLOBE NEWSWIRE) -- LifeClips, Inc. (OTC Pink: LCLP) (the “Company”), announced today that Robert Grinberg has been named the company's President and CEO. He will succeed Victoria Rudman who will continue in the role of Chief Financial Officer.
Robert Grinberg is a seasoned entrepreneur with interests in numerous enterprises. For the past 20 years he has been a private investor in public companies through his family office. He currently serves on the Board of Directors of Stemtech Corporation, a Florida based nutrition company, and is a founder of Kaya Holdings, Inc., a Jamaica based cannabis company. Prior to managing his personal investments, Mr. Grinberg operated his own brokerage firm, Program Trading Corp.
Robert Grinberg, CEO of LifeClips, said, "I became an investor in LifeClips 5 years ago, it’s been a long road to success. The company needs leadership and direction to have a fighting chance, and I am excited to provide my expertise for this venture. I consider myself a value added investor, and I would like to bring a sustainable infrastructure that can translate that value to all the shareholders. This means I am not only an investor, but I utilize the resources I have to unlock value from public companies through the implementation of financial, operational and governance initiatives." Mr. Grinberg continued, "Just like every other Life Clips shareholder, I have invested my own money, which is why I have taken it upon myself to accept the position and responsibility as the Chief Executive Officer. In this role, my number one priority will be to attempt to make LifeClips a financial success for all of our shareholders."
Victoria Rudman, Chief Financial Officer of LifeClips said, “Robert Grinberg is a great addition to our company. He is a leader who is focused on delivering great outcomes for customers, employees, communities, and shareholders and we look forward to the new ideas he will bring to LifeClips.”
Visit our corporate website at www.lifeclips.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.
LifeClips, Inc.
Investor Relations: (623) 261-9046
Email: erelationsgroup@gmail.com
Cannabis infused Edibles Market Worth Observing Growth: Heineken, Kaya Holdings, NightFood Holdings
By: X herald
February 08, 2021 at 08:37 AM EST
HTF MI started a new business research with title COVID-19 Outbreak-Global Cannabis infused Edibles Market Study Forecast till 2027 . This COVID-19 Outbreak-Global Cannabis infused Edibles market report brings data for the estimated year 2021 and forecasted till 2027 in terms of both, value (US$ MN) and volume (MT). The report also consists of detailed assessment macroeconomic factors, and a market outlook of the COVID-19 Outbreak- Cannabis infused Edibles market. The study is conducted by applying both top-down and bottom-up approaches and further iterative methods used to validate and size market estimation and trends of the COVID-19 Outbreak-Global Cannabis infused Edibles market. Additionally to compliment insights EXIM data, consumption, supply and demand Figures, raw price analysis, market revenue and gross margins. Some of the companies listed in the research study are LOL Edibles, Heineken, Kaya Holdings, Inc., NightFood Holdings, Inc., Canopy Growth Corp, KIVA CONFECTIONS, Mentor Capital, Inc., HempFoods, Dixie, VCC BRANDS, Organigram Holdings Inc., Cannabis Energy Drink, Bhang Corporation, Baked Bros, Lord Jones, KANEH CO, Plus Products, Medically Correct, LLC. & Koios Beverage Corp. etc.
That is caring.
If you don't care, leave this board.
Living off the shareholder $$$$ - gotta love it - lmao
No one cares, KAYS screwed retail investors with that scam Reverse Split. Now they lost a good portion of retail investors to dump on.
Dirty Dave and crazy Craig, Reverse and in ny opinion made out fine. I think retail investors will steer clear here.
KAYS Greek Joint Venture
Engages European Investment Bank to Raise up to $45 Million for Planned 15-acre Cannabis Cultivation & Processing Facility in Thebes, Greece
Ft. Lauderdale, Fl., February 1, 2021 - Kaya Holdings, Inc., (“KAYS” or the “Company”) (OTCQB.KAYS), the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, announced today that its Greek joint venture Kaya Kannabis has engaged Dutch based Orange Ridge Capital to raise up to $45 million for its planned 15-acre cannabis cultivation and processing facility in Thebes, Greece.
?
The Kaya Kannabis Greece Facility (designer rendering), together with
Kaya Farms Israel are configured to produce approximately 600,000 pounds
of GMP Certified, Premium, Medical-Grade Cannabis annually for potential export
to the European Union and elsewhere (after obtaining successful financing, completing construction and obtaining final requisite licensing).
The facility has already received its Installation License from the Greek Government allowing for commencement of construction, and recently named Athens based Whitestone MCI as Engineers to develop up to 270,000 sq. ft. of greenhouses and an 80,000 sq. ft. extraction and processing facilities. KAYS believes that the project has the potential to generate significant revenue over the next five years, subject to obtaining successful financing, completing construction and obtaining final required licensing.
Loop
Cannabis Company Kaya Holdings, Inc’s Greek Joint Venture Names Lead Engineer for its 15-acre Cannabis Cultivation & Processing Facility in Thebes, Greece
Thu, January 21, 2021, 8:45 AM·9 min read
KAYS
-7.41%
FT. LAUDERDALE, FL / ACCESSWIRE / January 21, 2021 / Kaya Holdings, Inc., ("KAYS" or the "Company") (OTCQB:KAYS), the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, announced today that its Greek joint venture has named Dimitris Bouras the Lead Engineer, and his firm, Whitestone MCI, the Chief Engineering Group for the development and construction of the Company's planned cannabis cultivation and processing facility in Thebes, Greece.
?
The Kaya Kannabis Greece Facility (designer rendering), together with Kaya Farms Israel are configured to produce approximately 600,000 pounds of GMP Certified, Premium, Medical-Grade Cannabis annually for potential export to the European Union and elsewhere (after obtaining successful financing, completing construction and obtaining final requisite licensing)
KAYS recently reported that its majority-owned subsidiary, Kaya Brands International, Inc. ("KBI"), has exercised its option to acquire a 50% Interest in Athens, Greece based Greekkannabis, SA ("GKC"). GKC has been awarded its Phase One license by the Greek authorities for the construction of a facility encompassing approximately 225,000 square feet of cannabis cultivation and 80,000 square feet of cannabis processing on 15 acres of land in Thebes, Greece.
"Greek Kannabis and our project, Kaya Kannabis, is lucky to have the loyal cooperation and deep knowledge base provided by Dimitris and his team at Whitestone", says KAYS CEO Craig Frank. "They have demonstrated their expertise in numerous projects in Greece and abroad - including cannabis projects", continued Frank, "and they are tried and true experts on the processes of cultivating cannabis, the processes extraction, the demands of logistics, the needs for security, and the requirements for EU-GMP Pharma grade standards - and manage to plan for maximum efficiencies. I enthusiastically welcome Dimitris and his team to our team".
About Dimitris Bouras and Whitestone MCI
(https://www.whitestone-mci.com and http://www.whitestone-europe.com)
Dimitris Bouras has successfully been planning and constructing large engineering projects internationally for 30 years, and serves as the CEO of Whitestone, a firm founded in 2008 that is active in engineering, design, construction and O&M of industrial, marine and commercial projects. Whitestone MCI has been active in the Medical & Industrial Cannabis Industry since 2017 and is a leading Engineering & EPC Contracting Company that offers total project development services to GACP/EU GMP Standards. Whitestone MCI currently has active projects in Greece, Cyprus, Portugal, North Macedonia, Poland and Africa.
To see a 2 minute video on Whitestone MCI and their services please cut and paste this link into your browser:
Kayaya Holdings, Inc. Symbol Update
The symbol for Kaya Holdings was temporarily changed to "KAYSD" to denote the December 15, 2020 change in capitalization (1 for 15 reverse stock split).
Today, January 15, 2021 the symbol has officially reverted back to "KAYS", but if you are checking quotes or attempting to place a trade keep in mind there could be a delay (for example, Yahoo Finance is still showing the quote under "KAYSD" but other systems like OTC Markets and brokerage firms like Etrade have already adjusted their quotes back to "KAYS.")
Please check your brokerage account to confirm positions and symbols prior to attempting to execute a trade.
Please watch your inbox for updates and feel free to reach out with any questions.
Thank you.
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My reply:
Actually, no one is interested anymore. Kind regards, George.
Kaya Holdings, Inc’s Majority-Owned Subsidiary Kaya Brands International, Inc
Exercises Option to Acquire
50% of Athens-based Greekkannabis, S.A
Ft. Lauderdale, Fl., January 13, 2021 - Kaya Holdings, Inc., (“KAYS” or the “Company”) (OTCQB.KAYSD), the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, announced today that its majority-owned subsidiary, Kaya Brands International, Inc. (“KBI”), has exercised its option to acquire a 50% Interest in Athens, Greece based Greekkannabis, SA (“GKC”).
?
Greece, along with its neighbor Israel are positioned to become
the Silicon Valley for Medical Cannabis
KBI acquired a 25% interest in GKC through a share transfer agreement with existing shareholders of GKC, which was consummated at close of business on Monday, January 11, 2021. The remaining 25% interest is in process of being issued to KBI for a minor amount of paid in capital in recognition of KAYS and KBI’s contributions to the project. The acquisition of the 50% interest in GKC is the cornerstone of KAYS’ planned Kaya Kannabis project, announced in late 2019 with the objective of establishing a beachhead to enter the lucrative global medical cannabis market from Greece, a member of the European Union.
GKC is an Athens, Greece based cannabis company that has been granted a license for the construction of a facility encompassing approximately 225,000 square feet of cannabis cultivation and 80,000 square feet of cannabis processing on 15 acres of land in Thebes, Greece.
We believe that GKC has the ability to generate significant revenues and pre-tax income over the next five years, subject to obtaining successful financing, completing construction and obtaining final required licensing. Through its ownership in GKC, the Company expects to grow, process and export medical grade cannabis from the planned Kaya Kannabis facility in Greece to the European Union and other international medical cannabis markets.
“GKC and KAYS/ have been collaborating since January 2019,” stated Panos Kinnis, GKC’s Vice President and Managing Director. “We approached KAYS because we were seeking a partnership with a cannabis company that would provide us with experience, know-how and industry depth. We discovered that KAYS had all the requisite advantages we were seeking without the complexities that came with some of the larger Canadian, Israeli and U.S. firms.”
“Our expectations in working with the KAYS team have been met and exceeded and we are eager to continue jointly advancing our project,” continued Ilias Kammenos, GKC’s President and Chairman. “We are very pleased and proud to partner with the KAYS family, as after much consideration we see KAYS as the ideal partner to take GKC to the next level through the Kaya Kannabis Project.”
“Our involvement with the Greek project has been propelled by our honorable and abled Greek partners, who are uniquely positioned to advance the project in Greece, and with whom we have worked cooperatively to develop a large-scale, dynamic and viable medical cannabis cultivation and processing project – propelling KAYS into the major leagues and establishing a new, vibrant player in the European and global cannabis markets” concluded Craig Frank, KAYS’ CEO and Chairman. “We invite shareholders and interested parties to participate in our previously announced online Stockholder Business Update on Thursday, January 14, at 2:00 pm, EST for further information.”
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ZOOM CALL DETAILS
Online Stockholder Business Update topics will include the acquisition of the 50% interest in GKC and the positive, post-election outlook for US Cannabis and Global Cannabis Industry. The call is expected to last approximately 30 minutes and includes a Q and A session with management.
Participation is limited so please register now using the following link to reserve your place for the program:
https://us02web.zoom.us/webinar/register/WN_DaKYagIKTaCnscoI6PtwYQ
After registering, you will receive a confirmation email containing information about joining the webinar. If you do not receive a confirmation email, please contact us via email at info@kayaholdings.com and we will assist you.
For those not able to attend a link to access a video of the meeting will be emailed to shareholders and also posted on the OTC Markets page for KAYSD.
International Cannabis Company Kaya Holdings, Inc. to hold Zoom Update on January 14, 2021
Thu, January 7, 2021, 12:05 PM EST·8 min read
KAYSD
+9.78%
Topics: status of our cannabis cultivation project in Greece and the positive, post-election outlook for US Cannabis Stocks and the Global Cannabis Industry
FT. LAUDERDALE, FL / ACCESSWIRE / January 7, 2021 / Kaya Holdings, Inc., ("KAYS" or the "Company") (OTCQB:KAYSD), the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, announced today that it has scheduled and commenced issuing reservation codes for an Online Shareholder Business Update, to be held on Thursday, January 14, 2021 at 2:00 PM Eastern Time.
The call is expected to last approximately 30 minutes and will include live updates and Q and A on a number of key developments, with focus on our cannabis cultivation project in Greece, our recent equity restructuring and the positive, post-election outlook for US cannabis stocks and the global cannabis industry as a result of the recent US elections.
Participation is limited so please register now using the following link to reserve your place for the program:
https://us02web.zoom.us/webinar/register/WN_DaKYagIKTaCnscoI6PtwYQ
After registering, you will receive a confirmation email containing information about joining the webinar. If you do not receive a confirmation email, please contact us via email at info@kayaholdings.com and we will assist you.
"We are holding this call as part of our renewed commitment to keep our shareholders well-informed with regard to our efforts and operations," stated KAYS CEO Craig Frank. "Events are proceeding at a rapid pace," continued Frank, "and often the small steps that propel our progress go unreported and underappreciated. Our update will allow investors to understand our progress more easily. We welcome all interested parties to participate."
For those not able to attend a link to access a video of the meeting will be emailed to shareholders and also posted on the OTC Markets page for KAYSD.
About Kaya Holdings, Inc. (www.kayaholdings.com)
Kaya Holdings, Inc. (OTCQB: KAYS) is a touch-the-plant vertically integrated legal cannabis company operating a number of majority-owned subsidiaries that retail, cultivate, produce and distribute premium medical and recreational cannabis products, including flower, concentrates, oils and extracts, cannabis-infused foods and beverages, topicals and cannaceuticals. KAYS is a fully reporting, US-based publicly traded company, listed for trading on the OTCQB Tier of the over-the-counter market under the symbol OTCQB:KAYS.
Summary of Operations
KAYS corporate structure includes the following three majority-owned subsidiaries, each responding to various demands and opportunities in the cannabis industry:
Marijuana Holdings Americas, Inc. owns the Kaya Shack™ brand of licensed medical and recreational marijuana stores (www.kayashack.com) and the Kaya Farms™ brand of cannabis production and processing operations that operate in the United States.
Kaya Brands USA, Inc. owns a wide range of proprietary brands of cannabis extracts, oils, pre-rolls, topicals, food and beverages, cannaceuticals and related accessories.
Kaya Brands International, Inc., was founded to serve as the vehicle for the Company's non-U.S. operations including retail franchising in Canada and cultivation activities in Greece and Israel.
International Cannabis Company Kaya Holdings, Inc. to hold Zoom Update on January 14, 2021
Topics: status of our cannabis cultivation project in Greece and the positive, post-election outlook for US Cannabis Stocks and the Global Cannabis Industry
Ft. Lauderdale, FL. - January 7, 2021 - Kaya Holdings, Inc., (“KAYS” or the “Company”) (OTCQB.KAYSD), the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, announced today that it has scheduled and commenced issuing reservation codes for an Online Shareholder Business Update, to be held on Thursday, January 14, 2021 at 2:00 PM Eastern Time.
The call is expected to last approximately 30 minutes and will include live updates and Q and A on a number of key developments, with focus on our cannabis cultivation project in Greece, our recent equity restructuring and the positive, post-election outlook for US cannabis stocks and the global cannabis industry as a result of the recent US elections.
Participation is limited so please register now using the following link to reserve your place for the program:
https://us02web.zoom.us/webinar/register/WN_DaKYagIKTaCnscoI6PtwYQ
After registering, you will receive a confirmation email containing information about joining the webinar. If you do not receive a confirmation email, please contact us via email at info@kayaholdings.com and we will assist you.
“We are holding this call as part of our renewed commitment to keep our shareholders well-informed with regard to our efforts and operations,” stated KAYS CEO Craig Frank. “Events are proceeding at a rapid pace,” continued Frank, “and often the small steps that propel our progress go unreported and underappreciated. Our update will allow investors to understand our progress more easily. We welcome all interested parties to participate.”
For those not able to attend a link to access a video of the meeting will be emailed to shareholders and also posted on the OTC Markets page for KAYSD.
Thanks for the good luck!!!!!!!!!
I got out with my skin on - actually a profit.
Yes it is....................
I wish I did,We play these PennyStocks it’s a risk we take!
You got anything else besides luck?
I'm going to need it!!!!!!!
TY
Good for you!!!!!!!
Oh I sold and left this ticker lol seen that RS.
BIGGEST POS EVER!!!!!!!!!!!!!!
BIGGEST POS EVER!!!!!!!!!!!!!!
KAYA HOLDINGS, INC (OTCQB:KAYSD) IS REQUESTING
YOUR INPUT FOR SCHEDULING
YEAR END SHAREHOLDER UPDATE
TO BE HELD JANUARY, 2021
Dear Shareholders and interested Investors:
Over the next week, Craig Frank, KAYS CEO we will be confirming the date and time of the Kaya Holdings year end shareholder update to be held in January, 2021, as well as will be releasing a tentative menu of topics to be discussed.
The event will be held onlive via Zoom, and as Craig is in process of returning from a 2 month stay in Oregon I am assisting with finalizing the scheduling.
The meeting will most like be scheduled for Tuesdy or Wednesday in either the first or second week of January.
Please email info@kayaholdings if you have a preferred date and/or time of day that works better for you to attend, as well as any items that you would like addressed.
Note: We will do our best to accomodate a schedule that works for everyone, but keep in in mind that we need to a pick a time that works for shareholders and management from multiple time zones around the world. Also, final meeting content will be subject to Management and SEC Counsel review and determination.
Thank you.
W. David Jones
KAYA HOLDINGS, INC & KAYA SHACK FAMILY OF COMPANIES
BUSINESS DEVELOPMENT, LICENSING & FINANCIAL OPERATIONS
Wonder how they got so many shares into the outstanding in the first place that they had to reverse split?
Well, of course, insiders gotta sell shares to funders so they can eat!
So, this sad story continues.... Be careful folks... or you may get FRANKed again....
In summary: KAYS_LOSES_TWO_LICENSES_FOR_ILLEGAL_ACTIONS in judgement from OLCC, Oregon's marijuana regulatory commission. Just to clarify what the behind the scenes information I shared means. That's two licenses needed to be vertically integrated lost, Production and Processing both!
https://www.oregon.gov/olcc/Docs/stipulated_settlements/marijuana/SSA_October2020_MJ.pdf
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#A8DF) (Processor)
OAR 845-025-1160(4) – On or before August 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025-1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory with a unique identification (UID) tag pursuant to the system requirements of METRC Cannabis Tracking System when there were several jars of marijuana in a room on the licensed premises that did not have UID tags on them.
(1ST Level Category III)
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when several jars of marijuana were in a room with glass exterior doors.
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s
Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#035C) (Producer)
OAR 845-025-1160(4) – On or before August 29 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(c), (d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory and marijuana plants that were at least twenty four inches or identified as female with unique identification (UID) tags pursuant to the system requirements of METRC Cannabis Tracking System when there were bags of marijuana trim in a freezer, marijuana in two different drying rooms, and immature marijuana plants that were identified as female on the licensed premises that did not have UID tags on them.
(1st Level Category III
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when marijuana was stored in rooms that did not have steel doors and the exterior door leading into the licensed premises was not a steel door with a steel frame.
(1st Level Category III)
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of
license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
I see Dirty Dave and Grumpy Craig Frank, doing some share cultivating.
KAYA HOLDINGS, INC.
ANNOUNCES 1-FOR-15 REVERSE SPLIT SHARES TO BEGIN TRADING AS KAYSD
Fort Lauderdale, Florida – December 14, 2020 – Kaya Holdings, Inc. (OTCQB: KAYS) (“KAYS” or the “Company”), today announced that FINRA has approved a 1-for-15 Reverse Split of the Company’s common stock (the “Reverse Split”). As a result, every 15 pre-Reverse Split shares of common stock outstanding will automatically combine into one new share of post-Reverse Split common stock without any action on the part of the holders.
Craig Frank, CEO of KAYS, commented, “We have taken this positive step to reduce the number of outstanding shares of KAYS common stock which we anticipate will help to enhance liquidity, maximize valuation, and make the Company more attractive to potential investors of all sizes, particularly institutional and international investors.”
The Company’s common stock will begin trading on a post-Reverse Split basis at the opening of trading on Tuesday, December 15, 2020. In connection therewith, the Company's ticker symbol will be KAYSD for twenty (20) trading days to designate that it is trading on a post-Reverse Split basis. In addition, our post-Reverse Split common stock will trade under the new CUSIP Number 486567 209.
Following the Reverse Split, the number of shares of the Company’s issued and outstanding common stock will have been reduced from 213,960,112 to approximately 14,264,008. The Reverse Split will also apply to shares of common stock issuable upon the exercise of outstanding warrants and stock options and the conversion of outstanding promissory notes and shares of Series C Preferred Stock. No fractional shares will be issued as a result of the Reverse Split. Any fractional shares resulting from the Reverse Split will be rounded up to the nearest whole share on a per stockholder basis.
The Company expects that stockholders holding shares of KAYS common stock at registered brokerage firms or at the transfer agent will have the Reverse Split transaction processed automatically in their accounts over the next few days. Stockholders holding physical stock certificates may request new certificates evidencing their post-Reverse Split shares by contacting the Company’s transfer agent, Pacific Stock Transfer, at either info@pacificstocktransfer.com or 1-800-785-7782.
KAYS one for 15 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
KAYA HOLDINGS, INC.
ANNOUNCES 1-FOR-15 REVERSE SPLIT SHARES TO BEGIN TRADING AS KAYSD
So if this company is garbage then every other penny company is garbage. Know what you play ??
This one is going up $$$
IMO
Nothing is happening... this is a garbage company in the Marijuana Sector. Management lives on share sales, and constantly loses money, while paying themselves with shareholder monies...
Latest financials 9/30/20
Salaries and wages 94,173
General and administrative 636,985
Operating loss (769,324 )
Accumulated deficit (47,603,591 )
Proceeds from convertible debt 265,000
https://ih.advfn.com/stock-market/USOTC/kaya-qb-KAYS/stock-news/83694921/quarterly-report-10-q
It’s funny how you post this after the spike. Guess you don’t know what’s going on behind the scenes? $$$. It’s finally happening
Very surprising since the Kaya creeps have lost two licenses from playing crooked ball with the state and some unsuspecting investors.
https://www.oregon.gov/olcc/Docs/stipulated_settlements/marijuana/SSA_October2020_MJ.pdf
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#A8DF) (Processor)
OAR 845-025-1160(4) – On or before August 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025-1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory with a unique identification (UID) tag pursuant to the system requirements of METRC Cannabis Tracking System when there were several jars of marijuana in a room on the licensed premises that did not have UID tags on them.
(1ST Level Category III)
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when several jars of marijuana were in a room with glass exterior doors.
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s
Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
Sunstone Marketing Partners, LLC Robert Frey, Member/Manager dba KAYA FARMS (#035C) (Producer)
OAR 845-025-1160(4) – On or before August 29 18, 2018, Licensee or Licensee’s employees, agents, or representatives failed to notify the Commission of a change to its corporate or ownership structure, or in who has a financial interest in the business prior to making such a change when Bruce Burwick and/or MJAI Oregon 1, LLC obtained an ownership and/or financial interest in the licensed business without notification to or approval from the Commission prior to making the changes. Bruce Burwick obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or a financial interest, as defined in OAR 845-025-1015(26), in the licensed business by becoming a 50% member of the licensed entity, Sunstone Management Partners, LLC, and/or providing it with approximately $3 million in capital investments. MJAI Oregon 1, LLC obtained an ownership interest, as described in OAR 845-025- 1045(3), and/or financial interest, as defined in OAR 845-025-1015(26), in the licensed business by, including but not limited to: entering into a contract or contracts that allowed them to operate the licensed business, and subsequently operating the business, such that the performance of the business caused, or was capable of causing, them to benefit or suffer financially; and/or allowed them to exercise control over the business; incur debt or be entitled to incur debt or a similar obligation on behalf of the business; and/or enter into or be entitled to enter into a contract or a similar obligation on behalf of the business, other than as employees acting under the direction of the owner.
(Category I)
OAR 845-025-7520(1)(c), (d) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed to properly tag all marijuana inventory and marijuana plants that were at least twenty four inches or identified as female with unique identification (UID) tags pursuant to the system requirements of METRC Cannabis Tracking System when there were bags of marijuana trim in a freezer, marijuana in two different drying rooms, and immature marijuana plants that were identified as female on the licensed premises that did not have UID tags on them.
(1st Level Category III
OAR 845-025-1410(3)(b) - On or about July 18, 2019, Licensee or Licensee’s employees, agents, or representatives failed during all hours when Licensee was not operating to keep all useable marijuana enclosed in an area that was secured with a steel door with a steel frame when marijuana was stored in rooms that did not have steel doors and the exterior door leading into the licensed premises was not a steel door with a steel frame.
(1st Level Category III)
SYNOPSIS: An investigation showed that Licensee Sunstone Partners had entered into an agreement with Kaya Farms whereby Kaya Farms was able to obtain ownership and financial interests in the licensed business without prior approval by the Commission. Pursuant to the agreement, Kaya Farms operated and exercised control over the licensed business and Licensee was no longer involved. A site inspection revealed additional Category III violations at both premises. Licensee agreed to surrender its license, and warranted that any sale of the business would not be to the entity that had obtained the unapproved interest in the business.
TERMS OF AGREEMENT
1. Licensee accepts responsibility for the violations as set out in the Notice. Violation Number One was Licensee’s first Category I violation. Violations Number Two and Three were Licensee’s first and second Category III violations within two years.
2. Commission staff proposed license cancellation for these violations. Licensee has begun the process of selling the business. Licensee will surrender its license on the date the transfer of ownership of the business is completed or at 12:00 PM on January 13, 2021, whichever is earlier.
3. Licensee understands and agrees that the Commission is not representing or guaranteeing that a new owner will have an approved license on or before January 13, 2021. Licensee understands and agrees that any new owner will have to fully complete the application process, and the application has to receive final approval by the Commission, prior to a license being issued.
4. Licensee agrees, represents, and warrants that the business will not be sold to the entity and/or individuals alleged to have obtained an unapproved financial and/or ownership interest in the licensed business, namely MJAI Oregon 1, LLC or Bruce Burwick, or to Kaya Holdings, Inc., the parent company of MJAI Oregon 1, LLC, or any parent, subsidiary, affiliate, or successor of Kaya Holdings, Inc.
5. Each licensee agrees to accept a letter of reprimand for the violations specified above. This letter of reprimand will become a permanent part of the licensee’s Commission file and may be considered in any future application for any license or permit by the licensee.
6. Licensee hereby relinquishes any and all interest in any marijuana items in its inventory that have not been transferred before the effective date of
license surrender, and agrees that the Commission may seize and destroy any such marijuana items.
7. Licensee withdraws its Request for Hearing in this matter.
8. In consideration of the forbearance stated herein, Licensee agrees to release and waive any and all claims of any kind, known or unknown, past or future, against the State of Oregon or its agencies, instrumentalities, employees, officers, or agents arising out of the matters set forth in the Third Amended Notice (including any prior versions of the Third Amended Notice) or this Settlement Agreement and the final order based hereon, including but not limited to any claim under federal or state law for damages, declaratory or equitable relief, under 42 USC §1983 et. seq., and for attorneys fees or costs.
9. The terms of this Settlement Agreement and the Final Order entered based on this Agreement are binding on Licensee and any of its agents, employees, representatives, successors or assigns.
10. This agreement is conditioned upon final approval of the Oregon Liquor Control Commission and will be reviewed by the Commissioners at their October 2020 Commission Meeting. If the agreement is not accepted and approved in its entirety by the Commission it is deemed null and void and Licensee’s hearing rights, if any, will be restored. If the agreement is accepted and approved in its entirety by the Commission, Licensee waives any and all rights to a contested case hearing under the Administrative Procedures Act (ORS Chapter 183) and to judicial review, or to otherwise challenge this agreement and the final order.
This is moving up, anyone know why?
Global Cannabis infused Edibles Market Size 2020 | Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2026
https://murphyshockeylaw.net/uncategorized/150601/global-cannabis-infused-edibles-market-size-2020-opportunities-regional-overview-top-leaders-revenue-and-forecast-to-2026/
Cannabis-Infused Edible Products Market is Booming Worldwide By Top Emerging Key Players: Charlotte’s Web, Cannabinoid Creations, Dixie Elixirs, Sprig, Botanic Labs, Baked Bros, Bhang Corporation, Canopy Growth Corporation, HEINEKEN Company, KANEH CO, KIVA CONFECTIONS, Kaya Holdings, Inc, Koios Beverage Corp
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.. Didn't they say, close to ago about hiring those laws and entering the Canada market 75 - 100 stores. How many do they have or work on to open? Better then six months over seas, I know take time. But don't out out a statement like it's new news. Make you look like a scam.
ALRERT- FRC Research Corp
Initiates Coverage
of Kaya Holdings, Inc.
https://www.dropbox.com/s/aoq6ry5v7r53lyx/Kaya-Holdings-Nov-2020-Intro-Note.pdf?dl=0
Israel Is Looking To Use The Canadian Cannabis Industry Framework To Roll Out An Adult-Use Market
EDITORIAL Nov 20, 2020 • 7:54 AM EST
The company, Kaya Holdings Inc. (KAYS) was an early mover on the US cannabis industry and had been focused on the opportunity in Oregon. As it relates to the Israeli cannabis market, we do not have a high level of conviction with Kaya. The company had a tough time capitalizing on the Oregon market and do not believe it has the necessary expertise to capitalize on an international market.
Kaya is a great example of a company that needs to learn how to walk before it runs. We believe that the management team needs to prove to be able to execute on the domestic market before it expands abroad and will continue to be cautious with Kaya due to the lack of execution.
https://technical420.com/cannabis-article/israel-is-looking-to-use-the-canadian-cannabis-industry-framework-to-roll-out-an-adult-use-market/
Marijuana News Now
By
newsamericas
-
November 13, 2020
?Lifestyle guru Martha Stewart and Canopy Growth Corp. have released a a CBD Wellness Gummies Sampler.
News Americas, NEW YORK, NY, Fri. Nov. 6, 2020: Here are the marijuana headlines making news globally and in the Caribbean and Latin America for today, Friday, Nov. 6, 2020:
Lifestyle guru Martha Stewart and Canopy Growth Corp. have released a a CBD Wellness Gummies Sampler inspired by the French “confection pâte de fruits.” The box of 60 10mg gummies come in 15 flavors.
Sir David Attenborough is furious after scammers claimed he developed a cannabis oil product. The sellers state on Facebook Sir David believes he “wouldn’t be here” if not for the CBD supplement. They also list fake reviews from stars including Dame Helen Mirren, Rowan Atkinson and Ed Sheeran. Sir David, 94, was “appalled” after being alerted to the advert for “David Attenborough CBD Oil” by a fan.
Israel Is Set to legalize And regulate recreational cannabis market within 9 months.
East Africa nations – Rwanda and Uganda – have both approved medical cannabis production for export, opening up the market in that region.
Jamaica-based Cannabis company Kaya Group has entered into a licensing agreement with Quantum Ventures Holdings Limited to open two locations in Uruguay by next January.
A top leader in the U.S. House of Representatives announced that the body will hold a floor vote on a bill to end federal cannabis prohibition next month.
Government members, as well as residents in the BV,I are anxiously waiting for Governor Augustus Jaspert’s decision on the Cannabis Licensing Act which the administration said would bring in much-needed revenue to the island.
And three cannabis stocks to look for this week are: Medical Marijuana, Inc. (MJNA), Grow Generation, GRWG and Altria, MO.
https://www.newsamericasnow.com/marijuana-news-round-up-nov-13-2020/
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