LOS ANGELES, CA — (Marketwired) — 08/15/16 — Agritek Holdings, Inc. (OTC PINK: AGTK) (www.Agritekholdings.com), a leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced that the company has executed a strategic alliance and Letter of Intent with WoahStork.com (www.woahstork.com) a web based application allowing patients and recreational users in CA, CO, OR, and NV to electronically upload their government issued ID and medical marijuana recommendation, peruse a curated marketplace of nearby products, and place online orders with local dispensaries. The unique web based application is the first of its kind providing the encrypted storage of patient information, strain library and geographical location to medicinal and recreational cannabis providers in aforementioned legal jurisdictions while allowing for pre-ordering and surgical advertising on behalf of the client. WoahStork.com aims to be the “Amazon of Marijuana.”
Agritek Holdings looks to add patients and dispensaries each week to WoahStork’s growing user base. The parties have agreed on a 30% revenue share on a $3.75 transaction fee with additional revenues to be shared through advertising models, non-cannabis product sales and doctor’s appointment setting and record management fees. The web-based application will also soon release a mobile version that will be expanded through a joint venture with Agritek Holdings. Those patients seeking to immediately join the network and obtain rewards points for purchases or dispensaries seeking to take advantage of the application may join at the following links: for patients: http://goo.gl/278mCo; for dispensary owners: http://goo.gl/waQGNy.
“It is about time we get back to our original roots as being one of the first public Companies within the cannabis sector focusing on technology, storage of patient records and financial transactions within the industry. We chose to partner with WoahStork creating a partnership with a high barrier of entry on the technology side as they have created technology far more advanced than a social media forum for cannabis or a delivery service. By combining patients, consumers and creating a HPPA compliant application for medical record storage, a database of the most popular strain library creating user profiles and allowing these patients and consumers to find out where to purchase these specific strains in a geographical location nearest to them immediately is the future and segment of this sector that makes the only sense for investors in my opinion,” stated B. Michael Friedman, CEO of Agritek Holdings, Inc.
“We have tried purchasing growing fields, dealing with dispensaries for products including the vaporizer market which has now been destroyed with new FDA regulations. With dispensaries now facing higher scrutiny from the IRS with regard to record keeping and cash transactions, the smart money will be invested in the technology side of this sector, which we believe WoahStork has created through their cutting edge application. With Agritek’s knowledge of financial transactions, banking, dispensary relationships and patient records storage we believe both companies as a combined force within the public markets will gain undeniable attention,” added Friedman.
Nicco Reggente, CEO of WoahStork, added, “Agritek’s relationships with doctors and dispensaries in the medical and recreational marijuana industry stand to rapidly accelerate our user acquisition efforts and expand our dispensary partnerships.”
About Agritek Holdings, Inc.Agritek Holdings, Inc. (www.Agritekholdings.com), a pioneer within the medicinal marijuana space, provides innovative patient and agricultural solutions and seeks to be the leader in Compassionate Care Technology for the medicinal marijuana 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.
Agritek Holdings, Inc.
Source: Agritek Holdings, Inc.