Marijuana Company Kaya Holdings 10-Q and 8-K filings Detail $5.8 Million Additional Financing Agreement and Increased Cash Posi

Marijuana Company Kaya Holdings 10-Q and 8-K filings Detail $5.8 Million
Additional Financing Agreement and Increased Cash Position, Additional OLCC
Marijuana Retailer Licenses  

FORT LAUDERDALE, Fla., May  23, 2017 (GLOBE NEWSWIRE)  -- Kaya Holdings,  Inc. 
(OTCQB:KAYS), filed  its Quarterly  report and  a 8-K  after close  of  market 
yesterday afternoon.  Developments  include  a  $5.8  mm  financing  agreement 
reached with the Cayman Venture  Capital Fund (an institutional investor  that 
has previously furnished KAYS with approximately $3.3mm in financing), as well
as receipt of  its third  Marijuana Retailer  and Delivery  Licenses from  the 
Oregon Liquor Control Commission (“OLCC”).

“KAYS is  pleased  to  announce  that  it  has  received  its  OLCC  and  City 
recreational marijuana retail  licenses for  its Portland store  where it  has 
resumed recreational sales. This brings us to 3 fully-licensed and operational
Kaya Shack™  OLCC  retail  marijuana  stores, with  the  4th  expected  to  be 
completed over the  next 60  days,” reported  Kaya Holdings  CEO Craig  Frank. 
“Additionally, we have ordered more Fiat 500 cars to build our Kaya Car™  Home 
Delivery Service  which we  intend to  launch contemporaneously  with a  grand 
opening celebration for  all four OLCC-Licensed  Kaya Shack™ retail  marijuana 

“While sales were  down approximately $100,000  for Q-1 2017  versus the  same 
period in 2016  (as we were  only able  to conduct recreational  sales at  one 
outlet as  compared to  two outlets  in the  same period  in 2016),  our  cash 
position has increased by over 700% to in excess of $1.2mm as of the close  of 
Q-1, for  the same  relevant periods,”  continued Frank.  “We are  excited  to 
secure this additional funding and believe  it provides us with the  resources 
necessary to develop more Kaya Shack™ store locations, construct a large scale
state-of-the-art  facility   for  Kaya   Farms™,  begin   seeking   worthwhile 
opportunities in other  states, and  introduce products  and innovations  that 
continue to define Kaya as a concept pioneer in the cannabis sector.”

About Kaya Holdings, Inc. (KAYS)
Kaya Holdings, Inc. (OTCQB:KAYS) owns and operates Kaya Shack™ legal marijuana
dispensaries in Oregon  as well  as grow and  manufacturing operations,  which 
produce, distribute  and/or sell  premium legal  cannabis products  under  the 
Company’s own  brands, including  flower, concentrates,  and  cannabis-infused 
baked goods and candies.   KAYS is the first  publicly-traded U.S. company  to 
own and operate legal marijuana dispensaries and a vertically integrated legal
cannabis grow and manufacturing operation.

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  the Company  will obtain  advice of  counsel 
prior to  actualizing any  portion of  its business  plan (including  but  not 
limited to license applications for  the cultivation, distribution or sale  of 
marijuana products, engaging in said activities or acquiring existing cannabis
production/sales operations).  Advice  of  counsel  with  regard  to  specific 
activities of KAYS, Federal, State or Local legal action or changes in Federal
Government Policy and/or State  and Local Laws  may adversely affect  business 
operations and shareholder value.

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 please review the latest 8-K and Quarterly filings
available at, email, call 561-210-5784 or
visit and sign up for investor updates.

Primary Logo
Press spacebar to pause and continue. Press esc to stop.