Agritek Holdings, Inc. Announces Letter To Shareholders And Outlines Corporate Benchmarks For 2016
LOS ANGELES, CA / ACCESSWIRE / October 17, 2016 / Agritek Holdings, Inc. (OTC PINK: AGTK), a leader in compassionate care technology and agricultural solutions for the recreational cannabis industry, today issued the following Letter To Shareholders outlining the Company’s recent corporate benchmarks from CEO B. Michael Friedman.
To All Our Valued Shareholders:
First, I wish to thank all of our shareholders for your continued support over the many years I have been involved with this Company. As your Company’s CEO, I would like to take this opportunity to provide you with recent developments and milestones which we have achieved, that I hope will answer many questions and validate your long term investment in our Company.
We have witnessed together both exciting and meaningful value in our common stock over the last month, which I believe will continue as we execute on our corporate strategy through the end of 2016 moving into 2017. As I mentioned in a recent audio interview, we have focused on rebuilding this Company from the inside out. Starting with eliminating bad debt, innovating and acquiring new products for the cannabis sector and building meaningful revenue streams.
With the upcoming November election will set the tone for this sector including recreational approval in the two states of California and Nevada. This positive outcome and event will create unprecedented growth within the recreational marketplace which we at Agritek Holdings are immediately poised and intend to capitalize on.
Agritek Holdings based on our rapid growth and experience within the sector, has recently been offered a new capital infusion from various funds exceeding $500,000 starting next month. I have engaged a new acting CFO with the first line of business being to bring the Company current to fully reporting status. The Q2 report is presently under review and should be completed and approved by our auditing firm before the end of the month.
The new funding will be directed initially toward our new research and development Hemp project in Colorado. As previously mentioned, the Company has completed the joint venture with its’ Colorado based partner allowing our Company to produce unlimited Hemp crops through the issue of a license for use in various wellness products. We are also completing the process regarding the twenty plus acres of land in Pueblo, Colorado in which we are on the deed and intend to have complete ownership of for the scaling of our operations in Colorado.
One of our first new product lines being released to market nationally in November are “Hemp Pops”, (www.hemppops.com), the first organically made Hemp infused fruit popsicles, wholly owned by Agritek Holdings. The fully organic, gluten free, dairy free and vegan ice pops are proprietary to Agritek, and infused with the finest Hemp oil from Manitoba. We are presently negotiating with distributors and partners representing 2,000 locations nationally. We have also applied for our trademark for Hemp Pops. First samples to our loyal followers on social media including Instagram and Facebook showing likes and providing their information will be shipped at no charge. Further, we have also been offered territory distributorships of Hemp 2.0, a popular Hemp infused water presently doing millions in revenue. Agritek Holdings in the past was the exclusive distributor to dispensaries of the first Hemp beverages in the United States years ago including Chillo and C Swiss Ice Tea.
The company will be updating its corporate website this week to fully reflect all of our new information, products and latest news.
“Should the vote in California and Nevada go favorably in November and these states go recreational, there is no other Company other than Agritek Holdings in my opinion that can take advantage and move to brand and license products as quickly and capitalize on the momentum of our sector,” stated B. Michael Friedman, CEO of Agritek Holdings.
“With over 200 dispensaries in the Los Angeles area alone, which is about equal to the amount in the entire state of Colorado, we have deals in place to be able to introduce, license and sell products with the help of celebrity branding that this market has never before seen. There will be consolidation in this sector, and as the first fully reporting company with assets in two of the three soon to be recreational sectors, showing trading profits and dividends throughout the years to our loyal shareholders, I will continue to do my best to repeat our best years once again,” added Friedman
On behalf of the entire Agritek Holdings Management Team, including myself, Dr. Stephen Holt and our new additions to our advisory board soon to be announced, I would like to again thank you for your continued support and belief in our Company. We are not “rookies” to the marketplace and this sector, and we strongly believe that we have the reach and relationships of the sector, expertise and strategies necessary to create meaningful shareholder value and we look forward to reporting on our immediate progress as we continue to execute on our business strategy.
B. Michael Friedman, CEO, Agritek Holdings Inc.
About Agritek Holdings, Inc.
Agritek Holdings, Inc., a pioneer within the medicinal marijuana space, provides innovative technology and agricultural solutions and seeks to be the leader in Compassionate Care Technology for the recreational cannabis industry. Agritek Holdings, Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act, nor does it intend to do so in the future.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Agritek Holdings, Inc. to be materially different from the statements made herein.