UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Company under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
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If an emerging
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Securities registered pursuant to Section 12(b) of the Act:
As used in this Current Report on Form 8-K, and unless otherwise indicated, the terms “the Company,” “KAYS,” “we,” “us” and “our” refer to Kaya Holdings, Inc. and its subsidiaries.
| Item 2.01 | Completion of Acquisition or Disposition of Assets. |
On October 26, 2021, KAYS issued a press release announcing that it had completed the sale of its Eugene, Oregon cannabis facility for gross proceeds of $1,325,000 and that the funds received from the sale would be used to repay certain debt and strengthen its balance sheet, as well as provide the initial stage capital for some of the Company’s U.S. and global expansion activities, including its planned cultivation sites in Greece and Israel.
A copy of the press release is filed as Exhibit 99.1 to this report.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No | Description | |
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99.1 |
Press Release dated October 26, 2021 |
| Dated: October 27, 2021 | KAYA HOLDINGS, INC. | |
| By: | /s/ Craig Frank | |
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Craig Frank, Chief Executive Officer | ||