Connect with us

Business

The Awarding of a Cannabis Cultivation and Processing License to Kaya Holdings’ (OTCMKTS: KAYS) Israeli Subsidiary

Published

on

Kaya Holdings Inc. (OTCMKTS: KAYS) is a well-known veteran in the legal cannabis industry. The vertically integrated and the first US publicly traded company is a top cannabis retailer, cultivator, processor, and distributor of premium cannabis products, primarily cannabis-infused baked goods, candies, flowers, and concentrates. The company also operates medical marijuana dispensaries and medical marijuana growing operations.

In the recent past, there has been evident growth within Kaya Holdings. Thanks to the support from its subsidiaries. And today, the company has reported awarding an initial permit to its Israeli subsidiary, Kaya Shalvah (Kaya Farms Israel), to develop an Israeli cannabis cultivation and processing facility. The Department for Medical Cannabis permit in the Israeli Ministry of Health is one of the major strongholds for the company as it pursues emerging markets significant to its growth and expansion. 

The Formal Permission Demonstrates the Progress in Seeking to Establish KAYS 

KAYS is currently operating two OLCC licensed marijuana retail stores in Oregon. They both service legalized medical and recreational markets. Meanwhile, the company is working on a third retail cannabis license relocation task, the Eugene and Southern Oregon Cannabis Market being primary targets and as delivery hubs. 

Thus, obtaining formal permission is such an incredible milestone, according to KAYS’ CEO Craig Frank. He says, “… Israel offers an attractive market, access to additional markets, and proximity to an excellent knowledge base and cutting-edge technologies, which will aid us as we execute our international growth plan….”

 The company is already tapping onto international expansion opportunities presented through an earlier acquisition of a 50% interest in Greekkannabis, its Greek Joint Venture partner. 

And in other news, KAYS has confirmed having received a buy rating with a fair value of $0.89 from Fundamental Research Corp (FRC). In addition, a report filed under cover of 8-K outlined the company’s significant highlights included an expected launch of 14 brands, likely to happen later in the year. 

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

Business20 hours ago

The Green Organic Dutchman Holdings (OTC: TGODF) Releases an Update on its Canadian Securities Exchange Listing

Post Views: 4 The Green Organic Dutchman Holdings (OTC: TGODF) is a top producer of organically-grown, premium certified marijuana, and it...

Business20 hours ago

Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Announces the Resignation of One of Its Directors

Post Views: 55 Next Green Wave Holdings Inc (OTCMKTS: NXGWF) recently announced that a Director had resigned from this position. The...

Business21 hours ago

AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million

Post Views: 26 AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The...

Business21 hours ago

TerrAscend Corp (OTCMKTS: TRSSF) Acquisition of Gage Cannabis Receives Pre-Qualification Approval

Post Views: 53 TerrAscend Corp (OTCMKTS: TRSSF) is a leading cannabis operator based in North America that recently announced it had...

Business2 days ago

Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands

Post Views: 2 Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn...

Business2 days ago

FinCanna Capital Corp (OTCMKTS: FNNZF) Set to launch its “Big Fish” Cannabis-Based Edibles Brand

Post Views: 3 FinCanna Capital Corp (OTCMKTS: FNNZF) is an investment corporation for the United States licensed cannabis market that recently...