other material
confidence high
sentiment positive
materiality 0.75
Kaya Holdings settles Sunstone dispute; shares cancelled, director resigns, warehouse cleared for sale
Kaya Holdings, Inc.
- Bruce Burwick surrendered 1,006,671 shares (6.4% of float) to KAYS for cancellation as part of settlement.
- Burwick resigned from board and will receive $160,000 from sale of grow license; consulting fee $35,000/year for 4 years.
- Company received clear title to Oregon warehouse; expects sale proceeds of ~$1.625M ($0.10/share) to fund U.S., Israel, Greece projects.
- New corporate logo and website launched; updated info on Kaya Harmony, Kaya Shalvah, Kaya Kannabis projects.