Kaya Holdings Inc

kayaholdings.com

Kaya Holdings Inc (OTC: KAYS) is a cannabis and psilocybin company that operates state-licensed marijuana retail and cultivation businesses alongside a psilocybin treatment facility. Revenue comes from retail cannabis sales and, through its Oregon-licensed facility The Sacred Mushroom, fees charged for psilocybin therapy sessions. The company holds medical cannabis cultivation and processing interests in Greece through majority-owned subsidiary Kaya Farms Greece, which owns 50% stakes in Greekkannabis and Greekkaya, both of which hold development licenses for cultivation projects in Epidaurus and Thebes, Greece. As of December 31, 2024, the company held cash of $39,668 and inventories of $90, with total current liabilities including accrued interest of $3,005,107, derivative liabilities of $2,497,275, and a tax liability of $902,166, reflecting a deeply distressed balance sheet. Craig Frank, age 64, serves as Chairman, President, CEO, and Acting CFO. The company operates with a single officer overseeing all transactions and carries a stockholders' deficit as of December 31, 2024.