Kaya Holdings, Inc.
International Cannabis Company Kaya Holdings, Inc. Hails Ontario’s Easing of Cannabis Retail Licensing Restrictions, Readies Plan to Fast Track Kaya Shack(TM) Retail Cannabis Store Franchise Sales
DGAP-News: Kaya Holdings, Inc.
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International Cannabis Company Kaya Holdings, Inc. Hails Ontario’s Easing of Cannabis Retail Licensing Restrictions, Readies Plan to Fast Track Kaya Shack(TM) Retail Cannabis Store Franchise Sales FORT LAUDERDALE, FL-December 17, 2019 – Kaya Holdings, Inc. (OTCQB: KAYS) applauds the new rules for cannabis retail licenses released by the government of Ontario that reads, in part, “On December 12, 2019, the Government of Ontario announced its move towards an open market for private cannabis retail in Ontario and related amendments to Ontario Regulation 468/18 made under the Cannabis Licence Act, 2018”. Beginning in January 2020 the issuance of cannabis retail licenses will no longer be coordinated through a lottery system, but rather through qualifying in accordance with the eligibility criteria in the Cannabis License Act, and upon licensing, demonstration of compliance with the location, layout, security and other requirements to qualify for a Retail Store Authorization. “These changes accelerate the launching of our Kaya Shack(TM) franchising program in Canada. Over this past week we met with Jordan Druxerman, Partner at Garfinkle Biderman (our Canadian Franchise Counsel and also a KAYS Advisory Board Member), and have been in close contact with Shawn Saraga of The Franchise Academy, who is under contract to target the sale and development of up to 100 Kaya Shack(TM) Retail Cannabis Store Franchises in Canada,” commented Craig Frank, KAYS’ CEO. “Both Jordan and Shawn expect these changes to significantly enhance the prospects for success of our franchise sales effort.” “This good news out of Canada is another potential win for KAYS as we continue our strategic repositioning into global markets. Alongside last month’s advances in the European arena, we are pleased with our opportunities and momentum as we close out the year,” comments W. David Jones, KAYS Senior Advisor for Business Development, Licensing and Financial Operations, and a key architect of the Company’s strategic shift. “2020 is poised to be a milestone year for KAYS.” Note: To be advised of all upcoming News Releases and shareholder emails please go to www.kayaholdings.comand add your email to our notification list.
18.12.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |