M&A
confidence high
sentiment positive
materiality 0.65
Kaya Holdings sells Oregon cannabis facility for $1.325M, cancels 1M shares
Kaya Holdings, Inc.
- Sale of Eugene, OR facility for $1.325M gross proceeds; funds cleared escrow.
- Cash influx of ~$0.09 per share; proceeds to repay debt and fund expansion in Greece and Israel.
- Issued and outstanding shares reduced by ~6.5% to 14.7M via cancellation of 1,006,671 shares.
- Planned cultivation sites in Greece and Israel targeted to produce 600,000 pounds of cannabis annually.