Agritek Holdings Inc. (AGTK)

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Agritek Holdings, Inc. Announces Joint Venture and License for Unlimited Hemp Production and Research Facility With Colorado Based Partner


LOS ANGELES, CA -- (Marketwired) -- 09/15/16 -- Agritek Holdings, Inc. (OTC PINK: AGTK), a leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced that the company has executed a Joint Venture and Letter of Intent with a Colorado based partner and license holder for unlimited Hemp production. The two Companies intend to collaborate on an indoor, controlled Hemp grow for research and development creating a leading line of organic Hemp juices and wellness products produced in the US for distribution and shall be legal in all jurisdictions throughout the United states and internationally.

The Colorado based partner to be named once the definitive agreement is executed within the next few weeks has a long history of cultivation of organic plants, fruits and vegetables. The Hemp grow and cultivation license which shall be under the umbrella as a subsidiary Company with Agritek as the principal investor shall allow the company to create and distribute new Hemp wellness brands and products with the utmost consistency through conducting internal research and perfection of Hemp strains through the planned research facility.

"We have been able to get this venture off the ground with minimal investment dollars, and the value of having the Hemp cultivation license through our strategic partner and being able to control our own strains, research and provide the consistency of product quality through maintaining our own grow through this partnership will prove to be an invaluable asset to our Company's future revenue growth," stated B. Michael Friedman, CEO of Agritek Holdings, Inc.

The Company recently announced its partnership 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."

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.

About Agritek Holdings, Inc.
Agritek Holdings, Inc., 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.

FORWARD-LOOKING DISCLAIMER:
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.

Contact:
Agritek Holdings, Inc.
305.721.2727

Source: Agritek Holdings, Inc.


http://ir.agritekholdings.com/press-releases/detail/1190/agritek-holdings-inc-announces-joint-venture-and-license