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Kaya Holdings Inc  (AFAI)
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 144
 Employees 17
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

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.



   Company Address: 915 Middle River Drive Ft. Lauderdale 33304 FL
   Company Phone Number: 892-6911   Stock Exchange / Ticker: AFAI
   AFAI is expected to report next financial results on April 26, 2024.


   

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Kaya Holdings Inc

Kaya Holdings Inc Surpasses Expectations in Demanding Fiscal Period!



As the third quarter of the 2023 earnings season wraps up, financial results for AFAI (Kaya Holdings Inc) have been released, providing insight into the company's performance. Despite flat earnings per share compared to the previous year, AFAI displayed a significant improvement in revenue growth. This article will examine the financial results of AFAI and provide context to understand the overall performance.
Earnings Details
In the third quarter of 2023, AFAI reported earnings per share of $0.00, which remained unchanged from the prior year but also showed no growth from the previous reporting season. While the lack of growth may raise concerns, it is essential to consider the positive aspects of AFAI's financial results.

Kaya Holdings Inc

AFAI Struggles with Steep Contraction, Revenue Drop Amid Challenging Financial Quarter in 2023

Kaya Holdings Inc, a company operating in the Major Pharmaceutical Preparations sector, faced a challenging fiscal year ending on June 30, 2023. The company reported balanced books of $0.00 per share, which remained consistent compared to the previous year's figure. However, it is worth noting that Kaya Holdings Inc had a net shortfall of $-0.714 million, a significant decrease from the bottom line of $3.070 million recorded in the corresponding reporting period a year before.
One of the major concerns for the company was the sharp decline in revenue. AFAI's revenue dropped by -71.762% to $0.06 million from $0.20 million in the same reporting period last year. On a positive note, the company showed a sequential growth of 14.242% in revenue, increasing from $0.05 million in the prior reporting period. Despite this, the revenue growth rate still lags behind the industry average, as the remainder of the Major Pharmaceutical Preparations sector recorded a 3.05% growth in the second quarter of 2023 compared to the same period in 2022.

Kaya Holdings Inc

AFAI Experiences Significant Financial Setback in Q1-2023, Revenues Tumble by 74%

The financial results for the first quarter of the 2023 earnings season indicate some mixed performances. AFAI, a company whose shares had no gain of $0.00 per share, had not shown any improvement compared to the previous year and preceding reporting season. However, Kaya Holdings Inc had achieved a bottom-line of $0.035 million in the same quarter, which shows an increase in net profit versus a net deficit of $-1.098 million in the corresponding reporting season a year ago.
The revenue for AFAI has fallen significantly in the first quarter of the 2023 earnings season. It has declined by -74.428% to $0.05 million compared to $0.19 million in the corresponding reporting season a year ago. The decline in revenue is quite steep and indicates a significant challenge that the company may be experiencing.






 

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