FT. LAUDERDALE, Fla., Dec. 11, 2017 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB:KAYS), announced today that it has completed the processes necessary to launch its own home delivery service in Portland and Salem Oregon. The Company expects to operate 4 cars initially, with additional cars to be added as demand requires and as the company expands into other cities in Oregon.
In addition to providing added value and convenience for our customers, extending visibility and building brand recognition for the Kaya Shack™ brand, we believe that Home Delivery provides greater market penetration, by allowing sales throughout the geographic area that our stores are licensed in. There is no limit to the number of delivery vehicles that can service an individual area using just one store as a home base, so in effect we intend to use this service to construct additional “virtual” Kaya Shacks™ without the added costs of additional brick and mortar locations.
“We believe that this delivery service is the next step in the implementation of our business plan and part of our efforts to increase sales as we work to lower costs,” states Kaya Holdings CEO Craig Frank. “The delivery service,” Frank continues, “will permit the company to serve all areas of Portland and Salem – bringing the opportunity for all residents over the age of 21 to benefit from and enjoy our distinctive blend of high-quality cannabis at fair prices. We look forward to serving our existing customers and the many new customers we expect to bring into the Kaya Shack™ family.”
Additionally, KAYS confirmed that it continues to discuss implementation options with its attorneys for its Kaya Cares Opioid-Cannabis Exchange Program and expects to be launching the program in January. “We have spoken with our attorneys and have worked with them to structure a program that will allow individuals currently using opioids for pain management to explore the efficacy of cannabis for their needs at no cost to them,” states CEO Frank. “Our goal is to assist in the reduction of tragic deaths and destroyed lives that the opioid epidemic has inflicted on opioid addicts, their families, and all of us,” adds Kaya Holdings Senior Advisor W. David Jones. “We’re just trying to do our part.”
The Kaya Cares program has received tremendous public support, which the Company appreciates and hopes continues to drive a conversation on the use of cannabis as a safe and effective opioid substitute. An example of the public support received is:
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Save the Date- KAYS Conference Call December 20, 2017 1:00 PM EST
KAYS Shareholders and other interested parties are reminded to sign up for the Kaya Holdings Annual Shareholder Call on Wednesday, December 20, 2017 at 1:00 P.M. EST. The call is expected to last between 60-90 minutes. Among the topics to be discussed are Kaya Shack™ stores, OLCC licensing update, new brands to be introduced in 2018, an industry overview, and the acquisition of farmland and the development of Kaya Farms™.
About Kaya Holdings, Inc.
KAYS (OTCQB:KAYS), through subsidiaries, produces, distributes and sells legal premium medical and recreational cannabis products, including flower, concentrates and oils, and cannabis-infused foods.
In 2014, KAYS, became the first publicly traded company to own and operate a Medical Marijuana Dispensary. KAYS presently operates three Kaya Shack™ OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon, with store number four currently under construction. Additionally, KAYS recently acquired a 26 acre parcel which it has targeted for development of the Kaya Farms™ Medical and Recreational Marijuana Grow and Manufacturing Complex.
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: 954-892-6911.