Kaya Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 05:17 pm EST
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Kaya Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 208,843 compared to USD 303,888 a year ago. Operating loss was USD 338,443 compared to USD 760,245 a year ago. Net income was USD 815,907 compared to USD 579,924 a year ago. For the nine months, sales was USD 721,722 compared to USD 850,386 a year ago. Operating loss was USD 975,854 compared to USD 2.367 million a year ago. Net income was USD 8.929 million compared to USD 11.830 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.08 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. 
