Cannabis Companies Capitalizing With Multiple New Store Openings
As Legal Marijuana Revenues Continue to Surge; Company Reports 700%
Revenue Increase & Opening of 2 Additional Marijuana Super
Stores
Coral Springs, FL -- May 17, 2016 -- InvestorsHub NewsWire
-- Marijuana and Cannabis opportunities shows no signs of
slowing down as experts forecast the market to top $7 Billion by
the end of 2016 in a recent Forbes
article with companies aiming to take advantage through
new storefronts to reach more consumers. Brick and mortar
cannabis stores are becoming increasingly common throughout the
United States as the industry swells behind increased acceptance
and surging revenue.
Developments of importance in the markets today are: Kaya
Holdings, Inc. (OTCQB: KAYS), confirmed today that it has
concluded lease agreements and filed license applications for its
next two Kaya Shack Marijuana Superstores, which when fully
licensed and open will bring the total to four retail marijuana
locations operating under the Kaya Shack brand. Store #3 is
located in North Salem, Oregon, adjacent to a Starbucks Coffee and
Store #4 is to be located in Central Salem, Oregon, near a Popeyes
Chicken and other nationally recognized fast-food and retail
brands. Both of these new locations are being developed using
the attractive Marijuana Superstore footprint, which allows for
increased revenue opportunities.
We are pleased to have resolved the issues surrounding the 3rd
store lease and are anxious to get that store built-out and
operating. The location is outstanding and the layout allows for
our Superstore model stated Craig Frank, CEO of Kaya Holdings. As
exciting, continues Frank, the lease for out 4th store, also a
Superstore, provides us with another excellent location.
These two additional stores bringing our total to 4 stores
alongside Kaya Farms, the Kaya Buddies brand, and products now
under development, represent a significant opportunity for the
Company to substantially increase revenues, further entrench the
Kaya Shack brand, and establish Kaya Holdings as the leading
publicly traded company actually interacting with cannabis. Beyond
being historic, this fact serves as the foundation on which we can
continue to expand our brand and develop a world-class cannabis
company.
Read the full Kaya Holdings (KAYS) Press Release
at http://www.financialnewsmedia.com/profiles/kays.html
In an unrelated announcement the Company (KAYS) confirmed that
they have filed their 2015 Annual Report on Form10-K and that it is
now available at www.sec.gov. The 10-K has audited results of
operations for 2015 (average monthly revenues for Q-4 since
the inception of recreational marijuana sales were up approximately
700%) as well as details of Kaya Farms Cannabis Crop Reports,
results of Kaya Buddies branding development and an overview of the
2 new Kaya Shack Marijuana Superstores stores currently under
development.
In other marijuana & cannabis developments of importance in
the markets are: Terra Tech Corp. (OTC: TRTC), a
vertically integrated cannabis-focused agriculture company, last
week announced its first quarter 2016 financial results for the
period ending March 31, 2016. Derek Peterson, CEO of Terra
Tech, commented, "We entered 2016 with strong momentum, with
California's new Medical Marijuana Regulation and Safety Act
(MMRSA) being signed into law in Q1 2016 and expected to take
effect in 2018. This regulatory development has integrated cannabis
cultivation into California's legal framework and has changed the
legal landscape for the production of medical cannabis. Off
the back of this momentum, our medical cannabis business made
significant progress with the March 31st, 2016 acquisition of Blm
Oakland, an established retail medical cannabis dispensary based in
Oakland, CA. Blm Oakland was our first retail location to open, and
it was quickly followed by the very successful Grand Opening in
April of our Las Vegas-based retail dispensary located at 1921
Western Avenue. Management continues to work diligently toward
opening the next three dispensaries in Nevada which we anticipate
will happen in the summer of 2016. "In the first quarter we
invested in researching and developing new forms of extracted
cannabis products. By doing so, the Company reworked and refined
its propriety recipe of extraction in order to produce a higher
quality product that treats the individual ailments of patients. We
have subsequently launched a new line of pre-filled cannabis
cartridges and expect to launch more products in future months.
Looking ahead, we continue to invest in producing the highest
quality cannabis products, while taking steps to lower operating
expenses and increase revenue," continued Mr. Peterson.
Surna Inc. (OTC: SRNA), a technology company that engineers
state-of-the art equipment for controlled environment agriculture
(CEA) with special expertise in cannabis cultivation, reported its
results for the quarter ended March 31, 2016. CEO Stephen
Keen said, "Throughout 2015 and 2016, we believe we have furthered
our transformation to become one of the leading technology
companies with cannabis expertise, energy-optimized products and
turnkey cultivation solutions. First quarter 2016 results reflect
our team's tremendous efforts as we nearly tripled revenue compared
to the prior year's quarter and delivered operating income for the
first time in the company's history. "Surna systems' sales
momentum continues to see strong growth. Also, we are nearing
fulfillment of a purchase order for over 400 Reflectors for use in
a commercial facility. We expect completing our first installation
of this magnitude will provide Surna with significant data to
optimize the Reflector and installation protocol in scale. As
typical with cannabis licensing and facility construction, there
were delays and, therefore, the Reflector delivery was postponed.
In the meantime, we seized the opportunity to advance the Reflector
and incorporate an interactive control system that will allow for
facility temperature control using the cooling power of the
Reflector itself. We believe we will begin shipments this quarter
and remain quite confident this installation will provide important
validation of our products and technologies.
As Hemp, Inc.'s (OTC: HEMP) multi-purpose industrial
hemp decortication facility nears completion, executives are
shifting their focus to sales and marketing and are pleased to
announce the sale of approximately 7,000 pounds of raw Kenaf to a
Tennessee company involved in the biofuel industry. According to
David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary,
Industrial Hemp Manufacturing, LLC (IHM), the company purchased the
raw kenaf for testing and evaluation. "We are extremely optimistic
that this sale will lead to even more sales of our raw kenaf," said
Schmitt. "We are also currently working with several Fortune 500
companies on various projects involving either kenaf or industrial
hemp." Last week's sale of kenaf (a cousin plant to hemp in
the hibiscus family) has definitely kicked Hemp, Inc.'s product
sales into action. Schmitt says the company is currently
negotiating a five-million-pound potential sale of raw kenaf. "We
received a serious inquiry and price request for five million
pounds of the raw kenaf we have on hand. If we finalize this sale,
we could be looking at $1,250,000."
Medical Marijuana, Inc. (OTC: MJNA) announced last week to
shareholders and the public that the Company and its subsidiaries
are featured in a documentary Crisis premiering in Mexico next
week. Award-winning producer Jordan Guzzardo and
photojournalist Christian Rodas of CMW Media accompanied Mexican
father Abelardo Maldonado on Feb. 2 to COFEPRIS in Mexico
City, to document the historic day as Maldonado picked up the
first-ever federal import permit issued for a cannabis product. On
that day, Maldonado picked up his COFEPRIS import permit for
Medical Marijuana, Inc.'s cannabidiol (CBD) hemp oil product Real
Scientific Hemp Oil-X (RSHO-X), for his 11-year-old daughter
Alina. The family of Grace Elizalde, who's diagnosed with
Lennox Gestalt Syndrome, created the legal precedent for Alina to
import RSHO-X. The Elizalde family was the first in Mexico to sue
the federal government and win the right to import CBD hemp oil.
Grace was subjected to several different treatment protocols -- 19
in all -- with no lasting success.
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