Agritek Holdings Inc. (AGTK)

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Agritek Holdings Inc. Announces Execution of Definitive Agreement and Completion of Asset Acquisition of Dry Vapes Products and Technology Under Company's Mont Blunt(TM) Brand


Last update: 12/09/2014 9:20:00 am



Agritek Holdings Inc. Announces Execution of Definitive Agreement and Completion of Asset Acquisition of Dry Vapes Products and Technology Under Company's Mont Blunt(TM) Brand

Company Acquires Leading Vaporizer and Accessories Brand Including Trademarks, Ebay Sales and 11,000 Followers of Combined Products

LOS ANGELES, CA--(Marketwired - September 12, 2014) - Agritek Holdings, Inc. (OTCQB: AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, today announced that the Company has executed and completed the asset acquisition of the entire line of products, technology and customers of Dry Vapes Holdings, Inc. (www.dryvapes.com). With over 11,000 social network followers and over $100,000 in revenue on eBay and web sales alone, Dry Vapes plans to roll out the complete product line to over 5000 Brick and Mortar smoke shops nationally in the upcoming months. Dry Vapes will continue to be manufactured under the "Mont Blunt" brand name.

"The footprint that Dry Vapes has been able to create over their short launch period via eBay sales, daily deal sites and retail outlets with favorable reviews makes this acquisition with established additional revenue a perfect fit for our new subsidiary Prohibition Products and trademarked Mont Blunt brand," stated B. Michael Friedman, CEO of Agritek Holdings.

"Being a part of Agritek Holdings and Prohibition Products as well as having access to additional funding for marketing of the new Mont Blunt Product line to an international audience is a tremendous opportunity for our Company. We feel the new Mont Blunt brand will be very well received by our current customer base as well as new customers we expect capture from our various disruptive marketing activations in 2014 through 2015," stated Anthony Thomas, CEO of Dry Vapes Holdings, Inc.

The Mont Blunt(TM) (www.MontBlunt.com) brand of vaporizers and e-cigs, are presently available through the Company's web site, www.DryVapes.com as well eBay store fronts and through select retailers.

About Agritek Holdings, Inc.

Agritek Holdings, Inc. (www.Agritekholdings.com), a fully reporting Company and pioneer within the medicinal marijuana space provides innovative patient and agricultural solutions seeks to be the leader in Compassionate Care Technology for the medicinal marijuana industry. Agritek Holdings provides real estate management and health and wellness product lines including beverages, vaporizers and accessories under the Mont Blunt(TM) brand (www.montblunt.com). Agritek Holdings Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.