Marijuana Retailer Kaya Holdings (OTCQB:KAYS) Unveils "Kaya Buddies™" Branded Cannabis Cigarettes
PORTLAND, Ore., March 10, 2016 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB: KAYS), the first U.S. Public company to own and operate a marijuana dispensary and a vertically integrated cannabis operation, announced today that it has begun its anticipated launch of proprietary brands of premium cannabis products with a line of connoisseur-grade, pre-rolled cannabis cigarettes to be branded Kaya Buddies™. The brand, to be marketed under the tagline "Buds with Benefits", features over 25 different strains of connoisseur-grade, high quality cannabis and proprietary specialty blends. The Kaya Buddies™ cannabis cigarettes, made from 100% cannabis bud only, will first be featured in Kaya Shack™ stores in Oregon and are targeted to service the exploding legal recreational marijuana market.
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"Limited test marketing of the Kaya Buddies™ cannabis cigarettes resulted in a sales increase of approximately 100% for the month of February versus sales of non-branded generic cannabis pre-rolls for the month of January, without any marketing efforts, which we are now ramping up with the assistance of our marketing team. This new brand demonstrates our commitment to maintaining KAYS' position as a leader and innovator in the legal cannabis market, which we believe to be unparalleled by any other U.S. fully reporting public company operating within this industry," stated CEO Craig Frank.
"We are committed to providing our customers with the quality and selection they expect from Kaya Shack as we build the company," continued Frank. "KAYS expects to follow this launch with additional proprietary brands of concentrates, vape cartridges and a range of edibles targeting the legal recreational market as recently passed legislation awaiting the signature of Oregon's Governor Kate Brown has paved the way for these goods to be sold to recreational customers for the first time in Oregon, which we believe will substantially increase our sales."
About Kaya Holdings, Inc. (KAYS)
KAYS (OTCQB: KAYS) through its subsidiary, Marijuana Holdings Americas, Inc. owns and operates the Kaya Shack, 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 plans 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 AFAI 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 visit www.kayaholdings.com or contact Investor Relations: 561-210-7664