Kaya Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 17, 2021 at 04:07 pm EDT
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Kaya Holdings, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 237,018 compared to USD 235,311 a year ago. Operating loss was USD 297,472 compared to USD 330,120 a year ago. Net loss was USD 5.520 million compared to USD 657,767 a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.05 a year ago.
Kaya Holdings, Inc. is a holding company. The Company is focused on wellness and mental health through operations in psychedelic treatment clinics, medical and recreational cannabis, and cannabidiol (CBD) products. The Company produces, distributes, and/or sells a full range of cannabis products including flowers, oils, vape cartridges and cannabis infused confections, baked goods and beverages through a fully integrated group of subsidiaries and companies supporting highly distinctive brands. It operates through four subsidiaries, which include Marijuana Holdings Americas, Inc. (MJAI), Kaya Brand International, Inc. (KBI)., and Fifth Dimension Therapeutics, Inc. (FDT). MJAI maintains ownership of the Companyâs Oregon-based cannabis operations. FDT provides psychedelic mind care treatments to veterans suffering from PTSD, addicts seeking to break addiction, individuals with eating disorders, and others with an array of treatment resistant mental health disorders.
KAYA HOLDINGS, INC. 
