Kaya Holdings Inc
Kaya Holdings, Inc., was incorporated in Delaware in 1993 under the name Gourmet
Market, Inc. and has engaged in a number of businesses. Its name was changed
on May 11, 2007 to Netspace International Holdings, Inc. (“Netspace”).
Netspace acquired 100% of the capital stock of Alternative Fuels Americas, Inc.,
a Florida corporation in January 2010 in a stock for stock transaction and issued
100,000 shares of Series C convertible preferred stock to existing shareholders
of the Florida corporation. The Company’s name was changed in October
2010 from Netspace International Holdings, Inc. to Alternative Fuels Americas,
Inc.
In January 2014, KAYS incorporated a subsidiary, Marijuana Holdings Americas,
Inc. a Florida corporation (“MJAI”) to focus on opportunities in
the legal recreational and medical marijuana in the United States. MJAI has
concentrated its efforts in Oregon, where through controlled Oregon limited
liability companies, it initially secured licenses to operate a medical marijuana
dispensary (an “MMD”) and since the advent of legalization of recreational
cannabis use in Oregon, has secured licenses to operate a total of four retail
outlets for the sale of recreational and medical cannabis, as well as each hold
a license for home delivery of cannabis products. Additionally, MJAI has operated
medical Marijuana Grows in Oregon, and KAYS has purchased 26 acres which it
has targeted for development of the Kaya Farms™ Medical and Recreational
Marijuana Grow and Manufacturing Complex. The Company has developed the Kaya
Shack™ brand for its retail operations.
In March 2014, we applied for and were awarded our first license to operate
an MMD and on July 3, 2014 opened our first Kaya Shack™ Medical Marijuana
Dispensary in Portland, Oregon, thereby becoming the first publicly traded U.S.
company to own and operate an MMD. Initial customer acceptance and media coverage
was very positive, including many references to KAYS as the “Starbucks
of Medical Marijuana” by television news stations, news print publications
and online news sources. In March 2015, the Company changed its name to Kaya
Holdings, Inc. to better reflect its new plan of operations.
In April 2015, KAYS commenced its own medical marijuana grow operations for
the cultivation and harvesting of legal marijuana thereby becoming the first
publicly traded U.S. company to own a majority interest in a vertically integrated
legal marijuana enterprise in the United States. In October 2015, concurrent
with Oregon commencing legal sales of recreational marijuana through MMDs, KAYS
opened its second retail operation in Salem, Oregon, our first Kaya Shack™
Marijuana Superstore. Oregon. During 2015, the Company also consolidated its
grow operations and manufacturing operations into a single facility in Portland,
Oregon.