Kaya Holdings Inc. (KAYS)

[Drugdoctor]

Multnomah (Portland) retailer applications = 85

Marion (Salem) retailer applications = 18

http://www.oregon.gov/olcc/marijuana/Documents/mj_app_stats_by_county.pdf

Now.... Here is what has been said... in SEC FILED statements by the company... link below..

The Company plans to open at least two additional dispensaries in Oregon during 2016 and in April 2016 entered into leases and filed increased applications for its next two planned retain outlets in Salem Oregon.

NOTE 8– SUBSEQUENT EVENTS

On April 1, 2016 the Company’s Subsidiary MJAI 3, LLC Signed at Five Year Lease for retail space
On April 1, 2016 the Company’s Subsidiary MJAI 3, LLC Signed at Five Year Lease for retail space


Effect of commencement of limited recreational marijuana sales on October 1, 2015

For the first 15 month period that we have had our initial MMC in Oregon (July 1, 2014 September 30, 2015), Kaya Shack™ sales of medical marijuana patients totaled approximately $170,000 (a monthly average of approximately $10,600).

During the last quarter of 2015, when we were able to sell both medical and recreational marijuana through two retail outlets, sales totaled $233,000 (a monthly average of approximately $80,000), an increase of over 700+%.

Accordingly, even though we are dealing with a very short snapshot of the recreational market, the 700%+ increase in total sales and approximately 300% increase in same store revenues at our established Hawthorne location is consistent with our expectations that the recreational marijuana market is ultimately much more lucrative than the medical sales. Additionally, if you factor in the fact that “limited recreational sales” are limited to flower only and no more than 7 grams to any individual per day, we believe that revenues will continue to increase once full legal recreational marijuana sales go into effect and customers can purchase greater amounts and a wider array of cannabis products, including extracts, concentrates and edibles.

Management continues to believe that the larger opportunity in Oregon will be with the new recreational market unfolding that involves vertical integration utilizing Producer, Processor, Wholesaler and Retailer licenses. Unlike the medical marijuana program, there are no restrictions or limitations with the Recreational Market regarding patient qualifications, and a much larger market will open up for retail demand, which the Company intends to aggressively exploit by leveraging their Oregon MMD experience and public company status.

We further believe that revenues and profitability will also be enhanced through our planned opening of additional retail outlets in our chain, as well as economies of scale achieved by being a multi-location retail chain and being vertically integrated with our grow and manufacturing operations. Ultimamtely, we believe that we can successfully enter other markets as they open up by applying our “brand” retail chain and vertically integrated grow and manufacture model to other states that legalize recreational marijuana use.

Revenues

We had revenues of $244,657 for the three months ended March 31, 2016, as compared to revenues of $30,339 for the three months ended March 31, 2015. The significant increase in revenues in the 2016 quarter from the same period in 2015, reflects revenues from legal recreational marijuana sales, which commenced on October 1, 2015 and revenues generated from our second retail outlet, the Kaya Shack™ Marijuana Superstore which we opened in October 2015, as compared to the operation of only our initial Kaya Shack™ outlet in the 2015 quarter.

In August 2015, the Company leased a 6,000 square foot facility in central Portland to serve as its West Coast Base of Operations and to consolidate our grow and manufacturing operations in a single location, including all grow equipment, plants and related Oregon Medical Marijuana Program (OMMP) grow licenses and patient grow cards into the new facility. In late March 2016, the Company filed for additional OMMP grow licenses and patient grow cards which will allow us to double our production capability, while we sort out obtaining new Oregon Liquor Control Commission (OLCC) Recreational Grow Licensing (whether at this location or elsewhere) so that we are able to maintain an increased and uninterrupted supply chain.

In April 2016, the Company entered into leases for two additional retail outlets in Salem, Oregon (III and IV which are listed below). Subject to securing necessary licensing and completing facility buildout, we plan to open these locations in summer of 2016 as well:

III. Kaya Shack™ Marijuana Superstore, North Salem, Oregon

Our third Kaya Shack™ is targeted to open in summer of 2016 in North Salem, Oregon.

On April 1, 2016 the Company executed a lease with the landlord and has subsequently filed for an updated provisional license from the Oregon Medical Marijuana Program (OMMP). Upon securing the updated provisional license from the OMMP (anticipated but not yet received) the Company intends to commence with site buildout and final licensing procedure.

As with the South Salem Store, the location is first class space, adjacent to Starbucks Coffee and has a footprint of approximately 2600 square feet. This will be our largest location yet and will be our intended “Marijuana Superstore” model going forward. In addition to the benefits of our South Salem store, this location was chosen with an eye towards completing market penetration of the Salem Metropolitan Area which hosts a population of approximately 400,000 people. We also intend to expand our product offerings here as well as utilize the additional space to host community events we hope will help make the Kaya Shack™ a destination for cannabis consumers.

IV. Kaya Shack™ Marijuana Superstore, Central Salem, Oregon

Our fourth Kaya Shack™ is also targeted to open in summer of 2016 in Central Salem, Oregon.

On April 1, 2016 the Company executed a lease with the landlord and now subsequently filed for a provisional license from the OMMP. Upon securing the provisional license from the OMMP (approved but not yet received) the Company indents to commence with the building and find licensing proceduer.

As with the other Salem Stores the location is first class space, adjacent to fast food stores and nearby popular national retail chain stores. It also has a footprint of approximately 2600 square feet and will be constructed using our “Marijuana Superstore” model.

https://www.sec.gov/Archives/edgar/data/1530746/000072174816001298/kays10k041416.htm