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Kaya Holdings Inc. was the first publicly-traded company in the United States to operate a licensed marijuana dispensary, as well as the first to vertically integrate in the space.
Whitefish, Montana--(Newsfile Corp. - February 11, 2021) - CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announced the addition of Kaya Holdings Inc. (OTCQB: KAYS) to its growing client roster in the cannabis industry.
Kaya Holdings Logo
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CFN Media will leverage its proprietary digital content platform and extensive distribution network-including its flagship CannabisFN website-to attract targeted retail, accredited and institutional investors to Kaya Holdings Inc.
"We are excited to be working with Kaya Holdings," said CFN Media President Frank Lane. "As a pioneer within the industry, the company has grown to become one of the most successfully vertically integrated players on the West Coast with dried flower, concentrates, oils and extracts, cannabis-infused foods and beverages, topicals and cannaceuticals."
Kaya Holdings operates two Kaya Shack dispensaries that are licensed for the sale and delivery of medical and recreational cannabis products in Oregon. In addition, the company operates a 12,000 sq. ft. indoor facility capable of producing about 1,500 pounds of cannabis each year, known as Kaya Farms, along with a 26.5 acre farm that is pending licensing.
"We are newly determined to claim our rightful place in the global cannabis space and have spent the past years developing international projects that render us so worthy. CFN Media's focus, network and skills makes them the perfect partner for us in achieving this goal," said Craig Frank, CEO.
In 2020, Oregon's cannabis industry broke $1 billion in sales for the first time, according to data from the Oregon Liquor Control Commission, which marks a 40% gain over the $726 million sold in 2019 through November 2020.
About Kaya Holdings Inc.
Kaya Holdings, Inc. ("KAYS") is a touch-the-plant vertically integrated legal cannabis company operating a number of majority owned subsidiaries that retail, cultivate, produce and distribute premium medical and recreational cannabis products, including flower, concentrates, oils and extracts, cannabis-infused foods and beverages, topicals and cannaceuticals. The Company is developing large-scale cannabis cultivation and processing projects in Greece and Israel.
KAYS is a fully reporting, US-based publicly traded company, listed for trading on the OTCQB Tier of the over-the counter market under the symbol OTCQB: KAYS.
About CFN Enterprises Inc.
CFN Enterprises Inc. (OTCQB: CNFN) is a digital media and ecommerce company focused on advancing businesses and brands in highly regulated emerging industries across the globe. CFN connects investors with new market opportunities while helping consumers find innovative products that enhance their lives. Learn more at www.cfnenterprisesinc.com.
CFN Enterprises Inc. Media Contact:
CFN Enterprises Inc.
+001 (833) 420-CNFN
Use of Forward-looking Statements
This press release may contain forward-looking statements from CFN Enterprises Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when CFN Enterprises Inc. describes Kaya Holdings' business, and uses other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, CFN Enterprises Inc. is using forward-looking statements. These forward-looking statements are based on the current expectations of the management of CFN Enterprises Inc. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; or, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of CFN Enterprises Inc. to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, CFN Enterprises Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting CFN Enterprises Inc., reference is made to CFN Enterprises Inc.'s reports filed from time to time with the Securities and Exchange Commission.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74055