other material
confidence high
sentiment neutral
materiality 0.50
KAYS closes additional $600K non-dilutive bridge financing for Oregon psilocybin center
Kaya Holdings, Inc.
- Total bridge financing since June 2023 is $600K: $100K short-term due Mar 15, 2023, $500K repayable from 10% of quarterly revenues, balance due Jun 30, 2025.
- Funds are non-dilutive, not convertible into stock, and carry no commissions or fees.
- Company expects to submit Oregon Health Authority license application in 30 days and open The Sacred Mushroom facility within 90 days of approval.
- The 11,000 sq ft facility will include a microdosing café, private treatment rooms, group areas, and activity zones aiming for lower pricing than competitors.
- KAYS believes it is the only U.S. public company pursuing an OHA psilocybin treatment center license.