Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Kaya Holdings, Inc. is a U.S.-based cannabis company primarily engaged in the retail sale of legal marijuana products. The company operates within the regulated cannabis industry, focusing on adult-use and medical cannabis markets where permitted by state law. Its core activities center on operating branded cannabis dispensaries and developing a vertically integrated cannabis retail platform.
The company’s primary revenue driver is retail cannabis sales through its Kaya Shack™ dispensaries, which offer cannabis flower, concentrates, edibles, and related products sourced from licensed producers. Kaya Holdings positions itself as a brand-focused, compliance-driven operator targeting local consumer markets rather than large-scale cultivation. Founded in 2014, the company initially pursued both domestic and international cannabis opportunities, including early exploration of cannabis legalization frameworks abroad, before narrowing its strategy to U.S. retail operations due to regulatory complexity and capital constraints.
Business Operations
Kaya Holdings conducts its operations through its wholly owned subsidiaries, most notably Kaya Shack™, which represents the company’s retail dispensary brand. The business generates revenue almost entirely from in-store cannabis sales and ancillary products in licensed jurisdictions. The company does not operate large-scale cultivation or manufacturing assets, instead relying on third-party licensed growers and processors to supply inventory.
Operationally, Kaya Holdings has historically focused on the Oregon cannabis market, where it operates dispensary locations subject to state and local regulations. The company has also held or pursued cannabis-related licenses in other U.S. states and has previously explored international opportunities; however, those activities have not consistently generated material revenue. Public filings indicate that operations are highly dependent on regulatory compliance, local licensing, and access to working capital.
Strategic Position & Investments
Kaya Holdings’ strategy emphasizes disciplined expansion of its Kaya Shack™ retail footprint while maintaining regulatory compliance and cost control in a highly competitive industry. Growth initiatives have historically included applying for additional retail licenses, relocating or consolidating underperforming stores, and enhancing in-store branding to differentiate in crowded local markets.
The company has not completed large-scale acquisitions in recent years and does not report ownership of major portfolio companies outside its core retail subsidiaries. Management has periodically disclosed interest in emerging cannabis-related opportunities, including international legalization trends and potential technology or brand partnerships, but available public disclosures indicate that such initiatives remain exploratory or immaterial. As a micro-cap cannabis operator, Kaya Holdings’ strategic flexibility is constrained by access to financing and broader cannabis market conditions.
Geographic Footprint
Kaya Holdings’ operational footprint is primarily concentrated in the United States, with a strong emphasis on the Pacific Northwest, particularly Oregon. The company’s headquarters are located in Portland, Oregon, which also serves as the center of its management and administrative functions.
While the company has previously announced intentions to explore or enter international cannabis markets, including Europe and the Caribbean, public filings indicate that its active revenue-generating operations remain domestic. Any international presence or investment influence has been limited and, in some cases, discontinued due to regulatory uncertainty and capital limitations.
Leadership & Governance
Kaya Holdings is led by a small executive team with direct involvement in day-to-day operations, reflecting the company’s size and operational focus. Leadership has emphasized regulatory compliance, conservative growth, and brand integrity as core elements of its management philosophy.
Key executives include:
- Craig Frank – Chief Executive Officer
- Craig Frank – President
- Dave Hasenauer – Chief Financial Officer
- Ryan Little – Vice President of Operations
The company is governed by a board of directors that includes executive and non-executive members, with oversight responsibilities aligned with public company requirements under U.S. securities laws. Management’s strategic vision, as described in public disclosures, centers on sustainable retail operations and long-term participation in the evolving legal cannabis market.