Kaya Holdings' Greek joint venture Kaya Kannabis has engaged Dutch based Orange Ridge Capital to raise up to $45 million for its planned 15-acre cannabis cultivation and processing facility in Thebes, Greece.
"The facility has already received its Installation License from the Greek Government allowing for commencement of construction, and recently named Athens based Whitestone MCI as Engineers to develop up to 270,000 sq. ft. of greenhouses and an 80,000 sq. ft. extraction and processing facilities," Kaya team explains. "KAYS believes that the project has the potential to generate significant revenue over the next five years, subject to obtaining successful financing, completing construction and obtaining final required licensing."
"We have been in a process of due diligence with Orange Ridge for some time and we have found them to be methodical, tactical and professional at every stage. We are pleased they share our confidence in the viability and sustainability of our project," says KAYS CEO Craig Frank. "We were pleased to find a group that typically deals with long term added value investments and has a broad European base to call upon," continued Frank, "and with whom we share a vision on investment structures. We are looking forward to working closely with them to secure the required capital."