Kaya Holdings, Inc. (KAYS): M&A transaction — Kaya Holdings sells Oregon property and retail cannabis store for ~$500k net proceeds

Kaya Holdings, Inc.

Sold Lebanon, OR property for $769,500; net proceeds ~$302k after repaying loans and advances.
Sold Salem Retail Cannabis Store for $210,000 (less 6% commission); closing pending OLCC approval.
Combined net proceeds of ~$500k to fund working capital, Oregon Psilocybin business, and Florida Ketamine Clinic.
CVC International advanced $270k at 10% interest, convertible at $0.08/share, and released $500k mortgage lien.
Funds also earmarked for resolving three non-performing South Oregon store leases and franchising efforts.

item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Kaya Holdings, Inc. completed a disposition involving CVC International, Inc. for $769,500 (closed 2023-02-28).

Action: disposition
Counterparty: CVC International, Inc.
Consideration: $769,500
Closing: 2023-02-28

Exact text from the filing

On February 28, 2023 we sold the Property for a price of $769,500, less commissions and customary closing costs.

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Kaya Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001903596-23-000178

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