Kaya Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 06:23 pm
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Kaya Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 274,985 compared to USD 208,843 a year ago. Operating loss was USD 769,324 compared to USD 338,443 a year ago. Net loss was USD 13.400 million compared to net income of USD 815,907 a year ago. Basic loss per share from continuing operations was USD 0.07. For the nine months, sales was USD 774,158 compared to USD 721,722 a year ago. Operating loss was USD 1.357 million compared to USD 975,854 a year ago. Net loss was USD 15.482 million compared to net income of USD 8.929 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of 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. 
