First regional medical cannabis brand spreading its wings

As medical marijuana becomes an increasing preoccupation in the drug-distribution industry, the region’s first medical cannabis brand is set to open its second medical ganja café, according to the weekend Gleaner.

 Kaya Inc. will open its new branch in Falmouth next month and during the same period it is likely to become listed as a public company, trading on the Toronto Stock Exchange, according to The Gleaner.

The newspaper says that the company, created by ganja researcher Balram Vaswani has now joined forces with a Canadian partner as it expands its enterprise.

In March this year Kaya launched its first cafe and dispensary in Ocho Rios, The company has targeted the opening of up to seven cafes within two years, the Gleaner says.

The high-cost investments include a layout of J$76 million on the company’s first café and a ganja farm. According to the Gleaner, the second store is a $19 million investment in Falmouth, “where the company aims to leverage business from the tourists that pass through the popular cruise port there.” Future facilities will be serviced by another ganja farm at St. Ann.

 The Falmouth store is due to open next month whilst the remaining cafes are being considered for Negril, Kingston, Portmore, Port Antonio and Port Royal.

Around the Web

Comments