FT. LAUDERDALE, Fla., March 20, 2018 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB:KAYS), announced today that it has received notification from the Linn Country Planning and Building Department that its application for site plan review for marijuana production, and its request for a conditional use permit for marijuana processing have been reviewed and deemed complete – a necessary milestone in the process to obtain OLCC licenses to both grow and process medical and recreational cannabis on the Company’s 26-acre plot in Lacomb, Oregon. The County has tentatively scheduled a decision on the application for April 20, 2018.
“We are encouraged by the efficient and timely manner in which county officials processed our initial request”, commented Kaya Holdings CEO Craig Frank. “According to the letter we received, we are expecting final notification in April, allowing us to proceed with applying for our OLCC license immediately upon zoning approval. This is well within the planning timeline we have been anticipating. We will continue working closely with Will Dixon & Associates, our architects, to advance this project”.
The formal “Letter of Completeness”, sent March 9, 2018 by a Linn County Senior Planner, confirmed the eligibility of the Company’s 26-acre plot for the purposes of growing legal cannabis, as well as the eligibility for a special purpose exemption for the Company’s proposed manufacturing operations.
W. David Jones, KAYS Senior Advisor who is spearheading the farm development project stated “The letter confirms for us that the land we purchased conforms to all zoning regulations, as expected. It further provides us with the legal basis for our land-use request review, leaving us cautiously optimistic that approvals should be pending”.
To see a copy of the letter of completeness and the Linn County Notice of Pending Land Use Action as well as the architectural site plan depicting the proposed structure please go to: http://www.co.linn.or.us/Planning/landusenotices/PD180042.pdf
To see video of the Kaya Farms™ (Architect’s Project Rendition) please go to: https://www.dropbox.com/s/3po31ksdilcl9l9/Kaya_Farms%20Final.mp4?dl=0
To see video of the Kaya Shack™ OLCC Licensed Stores please go to: https://www.dropbox.com/s/49i5emi3wc0ha0d/Store%20Tour%20Final%20%28hi-res%29.mp4?dl=0
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS), through subsidiaries, produces, distributes or 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 the 4th store opening expected by Q2 2018. (www.kayashack.com) Additionally, KAYS recently acquired a 26acre 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 US Attorney General Jeff Sessions Memo dated January 4, 2018, and subsequent commentary from US Attorney for the District of Oregon Billy Williams), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that KAYS 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