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Your quote is not accurate. If you don't believe me call either, or better yet both shops and ask if they do in house processing like I did. They also don't have any licenses or leased space to process extracts. State law does not allow for colocation of a grow or store with processing on site.
KAYS is not even first at vertical processing. KAYS is only growing and selling so far as I understand.
Another public company is and I think you all know who that is...
Just imagine how much better they could have done if they had been able to keep the dirt under the rug!
Sort of, it is the only reference online that I could find that relates to this PR below from July 29th.
Their grand acquisition that will provide for a "...substantially expanded Grow with significantly increased volume capacities."
If this is what they used to substantially expand, It makes me laugh to imagine what Kaya farms looked like before the expansion.
https://m.facebook.com/photo.php?fbid=1650898408458213&id=100006142098635&set=a.1517255691822486.1073741826.100006142098635&source=11&refid=17
KAYA HOLDINGS (OTCQB: KAYS) OPENS NEW MARIJUANA GROW AND MANUFACTURING COMPLEX AS OREGONS GOVERNOR GIVES GREEN LIGHT FOR OCTOBER 1st RECREATIONAL MARIJUANA SALES
Portland, OR -- July 29, 2015 -- InvestorsHub NewsWire -- Kaya Holdings, Inc. (KAYS) announced today that it has signed a lease on a 6,000 square foot facility in central Portland to serve as the Companys expanded Marijuana and Cannabis Manufacturing Complex and West Coast Operations Base.
The Company will consolidate Kaya Farms and the newly acquired assets of OC Harley Gardens, including equipment, plants and all related licenses into the new facility for a substantially expanded Grow with significantly increased volume capacities. The Grow will continue uninterrupted to produce high quality, connoisseur-grade marijuana, as the expansion occurs to prepare the Company for the October 1st commencement of recreational sales in Oregon.
Additionally, the new facility allows for industrial level marijuana product manufacturing for our coming roll-out of proprietary strain-specific concentrates, extracts and related products, as well as the establishment of a commercial grade kitchen to produce a complete Kaya Kitchens line of cannabis-infused baked goods and candies.
This new facility allows us to aggressively expand our Grow volumes as we continue to prepare for recreational sales, permitting us to maintain quality standards and broaden our in-store selections, states KAYS CEO Craig Frank. This space provides us with the opportunity to grow a substantial amount of high quality marijuana and manufacture proprietary strain-specific concentrates, extracts, edibles and related products, for sale through our retail network as well as additional distribution channels, permitting us to maintain quality standards and broaden our in-store selections. This facility is yet one more critical step toward being properly positioned to maximize the potential presented by recreational sales.
In a related matter, Kaya Holdings hails Oregon Governor Kate Browns signing into law the bill passed by both the Oregon House and Senate, authorizing duly licensed medical marijuana dispensaries to lawfully sell up to of an ounce per transaction to any adult age 21 or older. Commenting on the governors signature, KAYS CEO Craig Frank states, This was the right decision for the Governor and demonstrates her commitment to meeting the will of Oregonians, who passed Amendment 91 last November by a sizable margin. We applaud the Governor and look forward to participating in this historic moment in Oregons, and indeed the United States path toward ending the prohibition against marijuana.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB: KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the Kaya Shack (www.kayashack.com) , the first legal marijuana dispensary by a U.S. publicly traded company Kaya Shack. 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.
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 Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that AFAI 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 and MJAI, 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.
Forward Looking Statements
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
Here is the link for the garden the Kaya shack so proudly purchased to feed their supply
https://m.facebook.com/profile.php?id=100006142098635&refsrc=http%3A%2F%2Fwww.google.com%2F&_rdr
So you're making up your own PR then. LOL
If their 6000 Grow couldn't keep up with the demand of 2 underperforming stores I don't think you would have to make up the PR. We would be hearing the news from Craig himself. Remember his premature rec sales ejac. 'Sales up 500% first month of rec.' as a way to distract from the toxic numbers In the last Q?
I personally don't believe they are growing 6000 sq ft of marijuana as the only picture/video I've seen looks like maybe 250 sq ft. My bathroom looks larger. Granted I'm retired and my bathroom has 2 toilets and 2 sinks. By the way, have you seen the Facebook page/photos for OC Harley gardens? The garden they so proudly point to having purchased looks roughly like a 10x10 walk in closet.
Not really, just a hunch. Fairly new to this with a lot to learn. But, I'm no spring chicken and I call em as I sees em, and this is looking slimier and slimier at every piece of info or lack of info that I see,read, or hear
Possibly even W. Dave Jones or his family /friends!
I agree. Well stated and insightful observations.
Facts: Undisclosed career criminal in leadership role.
Gagged TA
Unfluctuating PPS with no volume means nothing. Daily paint jobs till bad news passes costs nothing.
Two stores open when plans for third store and stated goals of 10+ fail to appear after 2014 and 2015.
Many competing companies have come into business after KAYS have twice as many stores and highly visible marketing, vertical grows, and branded products on competing shops shelves.
Released PR about 6000 sq ft grow with only video posted showing maybe 250 sq ft and no branded products in other stores.
The two local weeklies recommend shopping at other shops in their annual dispensaries guides.
Supporting theft ideology as success is stupid! Only pennies to be had for the flippers.
Over and over again I fail to understand selling the idea that anyone with a long investment here can make anything while Craig and his gang of theives dilute and manipulate this ticker to death.
The only people who benefit from stealing are the theives and their cronies.
Are you in that group?
Third store news might do it for long enough for me to get out quick!
Absolutely correct! I for one would not have touched this with the knowledge of Dave Jones shady past.
And all the other comparative analysis and observations I have made here in Oregon since that came to light just reinforces my sense of having made a big mistake in acquiring the shares I have at the price I did.
Thanks for bringing out the truth Hopscotch!
I just want to see double digits again so I can break even and get out!
Or some real progress towards expansion or transparency Mr. Frank!
The article is dated 1/16/2016 and is old news, nothing new in this. All information repeated from November2015.
Interesting to see them spending their time recirculating hype and pump about their company within the sector that might bring them renewed interest in their stocks, as opposed to spending time and money promoting the sale of marijuana or opening stores.
Exactly! Where is store #3 again? Let alone the other 10
Surprise surprise! Who'd a thunk?!
You are correct. I should be more clear.
The company only issued the stock at discounted rates of up to 60% or more to Craig's seedy insider friends in the form of 'consultant' fees and investment shares. These shares where then sold to me and others like me to line their pockets, pay living expenses, moorage fees, and liquor tabs. Craig Frank doesn't need to sell me my shares. He pays himself an approved by himself salary of 200000/yr when revenues were 50000. I assume that was advised by the career criminal, who I am starting to believe is the mastermind and true director of this company and its pseudo legal structure. I mean, to pull this off, William David Jones would need somebody in place to head a publicly traded company to launder his undeserved money and pick up his old bag of tricks, as I am sure the SEC would not have allowed him to run this company directly.
I actually wouldn't be so concerned except that these consultant fees, which are worth even more than the CEO salary, don't seem to be adding value to the company. But, instead dilution of mine and others shares.
Again, where is the third store? Let alone the ten+ stores to be opened in 2015? Where is the marketing and performance? Especially when compared to the other pot businesses in the state? Granted, this is the only publicly traded company doing this. But, I would generally think that would put them in a better position than the competition
. As I have pointed out in earlier posts, other less well funded companies have come into this well after KAYS came to town and are expanding more rapidly with a greater marketing presence.
He actually has responded with anger, condescension, defensiveness, and a rambling rhetorical rant about American values. The exact tone that a guilty party has with the authorities when confronted with a crime. As a matter of fact, his response was nasty enough to have been deleted from this board and replaced by yet another shill with an 'edited' version. I for one would still like to understand what He and the 'wonderful' business is doing with our money.
Btw, Shady insider share structure with an undisclosed career criminal is not my idea of wonderful.
I particularly agree with your last statement. What's to be done about though?
You can count me in on that idea... Better start putting our money where your mouth is Craig Frank!!!
Equally interesting are those who unfailingly promote the company in light of recently undisclosed shady information regarding said ' leadership' of company.
Those who have had a long term goal of support for this companies success are the ones who are getting the shaft when they realize they have invested their hard earned money in a career criminal's barely legal structured shell game of taking investor money.
And, when looking at how much of that investor money is being put into the pockets of the CEO and his best friend consultant pockets as opposed to opening more promised stores, one has to wonder. What business are they actually in? Even two stores at 500% increased sales barely covers the salary of the CEO and his insider cronies. But hard earned invesror money will cover that spread, especially if doled out shares at a 66% discount are being sold on the open market by a career criminal.
The question over and again is whether Craig Frank could go to jail. Well, even if he doesn't, I believe many think he should and many more will be joining those ranks if he doesn't star putting our money where his mouth is!
Where is the news of store #3 Mr. Frank? And how about the 10 other stores you were so ready to open with our money by the end of 2015?
No real surprises there. What do you think that means?
Thanks for the props. Just trying to light a fire under Craig Frank's chair so we can all benefit in a real way on the investment we have made in him as true longs. No offense to the penny flippers, but a publicly traded pot stock with bricks on the ground has true potential that clearly is being diverted to insiders or not properly directed. Either this turns around or I'm out next time this dog reaches a dime. Breaking even isn't where I thought I'd be at this time a year ago!
Just to clarify and give a more comprehensive comparison, the home page of the OHA website under the heading of Dispensary Applications states that as of Dec. 28, 2015 there were 404 medical marijuana dispensaries registered with them in the state.
Being a govt. run website the info contained is usually not up to date.
A brief look at a few websites indicates that at least 1 company has 5 shops, with 4 shops in the Portland Metro area and 1 shop in Eugene( the largest state university town in Oregon)Nectar.
At least 3 companies with 4 shops. Attis and Chalice both have 3 shops in the Portland Metro area and 1 in tourist destinations(wine country and coastal) The third company with 2 shops in the Portland metro area and 2 outlying. La Mota
And last but not least Shango with with only 2 shops in the Portland metro area and 1 outlying. However their vertically integrated garden supplies their branded products to over 50 shops statewide.
All of these companies have vertically integrated grows, and half of them are producing their own extracts in house.
Only 1 of these companies had a store open before KAYS.
There are 2 Kaya shacks open, 1 in Portland and 1 in Salem, home to the state capital, state prison, a small private college, and troves of strip malls identical to the one where the 2nd Kaya Shack is located.
The most recent shared plans towards expansion by KAYS have been a second location in Salem with no news on their website or for quite some time anywhere.
All of the above mentioned shops except for the Kaya Shack are advertised on Leafly, the most well known resource for marketing marijuana nationwide, as do 90% of the single shops. The Kaya Shack seems to be on its own low profile marketing campaign. An odd choice for a big player in any legal marijuana state.
Above average, maybe, but not very competitive from what I can see. Time to start putting our money where you say it's going Craig Frank instead of info the pockets of convicted thieves.
Similarly, people make blindly optimistic statements for many different reasons. usually they are either in an optimistic state of denial because they don't want to believe they've been fooled, or they are shilling for the company.
I live in Oregon and have been involved in the emerging industry since it started, with financial interests in many different ventures including a substantial investment in KAYS. This is not just an opinion. This is an objective view of what is actually happening in Oregon. I can name numerous companies here in this state that have come into being after KAYS opened its first shop that are outperforming them hands down.
KAYS has also grossly underachieved its own goals projecting 10-15 shops by this time while only 2 exist to date.
It does take time to build a business... But with the time they have had already, The Kaya Shacks have failed at keeping up, not only with their own projections of expansion, but also with the myriad of privately funded vertically integrated marijuana businesses in the state. Additionally, many are actually truly vertical by processing their own extracts in house as opposed to having another business do it for them at a higher cost. Quite a few of these vertically integrated chains opened up after KAYS came to Oregon and are expanding at a faster rate, often with multiple stores within the Portland Metro area as well as statewide. Almost all of the businesses mentioned have more locations, more and better reviews indicating a more robust business, more comprehensive marketing and exposure, and often better products. So I and others on this board may not find their imminent success so obvious.
4q numbers won't be released in Feb. they are included in the annual and won't be available until mid April.
I absolutely agree!
Funny, I thought the future looked like 10- 15 Kaya shacks in Oregon alone a year and a half ago. I can't imagine that an underperforming shadily run public company that can't be transparent about its share structure could do much to assist in helping the medical cause inFlorida. Maybe Floridians are proud of their home based career criminals?
When condescension and anger directed at concerned investors doesn't work, distract us all with vague golden promises of the next gold rush. Dump, pump, dump, repeat...
As an investor based in Oregon I get to see how other privately funded single and multiple dispensary marijuana business have come from in and out of state. My investments are never made on belief, I rather prefer comparative analysis when available. In addition to the businesses I listed on my first post to this board I give you this example;
Although, privately funded by an angel investor, Chalice farms production and retail footprint is double that of KAYS with a massive advertising presence, and numerous awards so far spending less than half of KAYS valuation.
Additionally, none of rapidly expanding vertically integrated dispensaries that top the list for business, ,advertising presence, and positive reviews have decided it wise to locate even 1 shop in Salem
In practical reality Salem is the state capital, home to the state prison, correctional officers and their families, politicians, ex cons, the resident families of felons doing time, multiple strip malls, and 1 Kaya shack so far with possibly another sooner or later. I suppose their strategy to be a large fish in a small stagnant pond may sell stocks while trying to prop up an inexpensive shell, but it is a long way from Kennedy like wealth for anyone present or future. From what I have recently read about W Dave Jones this would seem to be a perfect place to populate with Kaya shacks.
Birds of a feather!
You have just solidified my opinion on your position relative to William David Jones. Real investors interested in the long term success of this business would be more concerned with how the business of selling marijuana is doing compared with the other vertically operated pot business in Oregon. It seems that you are more interested in how the Jones's, Frank's, and friends(are you one?) become wealthy while the real investors foot the bill, as it becomes more and more apparent that the 2 little shops and 1 little grow can't.
Actually, quite a few the of single dispensary and chains with three or more dispensaries have vertically integrated grows. La Mota, Nectar, Shango, Attis Trading company, and Sweet relief just to name a few. Additionally, many are actually truly vertical by processing their own extracts in house as opposed to having another business do it for them at a higher cost. Quite a few of these vertically integrated chains opened up after KAYS came to Oregon and are expanding at a faster rate, often with multiple stores within the Portland Metro area as well as statewide. Almost all of the shops mentioned have more and better reviews indicating a more robust business, more comprehensive marketing and exposure, and often better products. After watching this company, their competition, my KAYS shares over the past 16 months, and the current valuation I believe KAYS is more interested in selling stock as opposed to marijuana. Lining it's pockets, or their 'consultants' with investors money.
Go KAYS!... Home that is! Hopefully after I've broken even selling my shares!
KAYS Investors from Oregon, which I believe are the minority on this board and in general, must be disappointed or not paying attention to how the Kaya shack is expanding/performing compared to the rest of the shops in Oregon given how little they've accomplished with all that investor money.
Just saying.