Kaya Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 04:06 pm
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Kaya Holdings, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 1.029 million compared to USD 1.014 million a year ago. Operating loss was USD 1.835 million compared to USD 2.264 million a year ago. Net loss was USD 12.098 million compared to net income of USD 7.804 million a year ago. Basic loss per share from continuing operations was USD 1 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.92 compared to diluted earnings per share from continuing operations of USD 0.02 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. 
