Agritek: Unique Patent Pending for Infused Hemp Oil CBD Gum
Stephen L Kanaval. Friday, 25 November 2016 11:07 (EST)
Agritek Holdings Inc. (AGTK) is a cannabis company that provides real estate management for marijuana operators. AGTK acquires and leases real estate for growing space and dispensary owners. The company acquires developmental spaces for greenhouses and right now presently owns 120 acres in Colorado and new projects in Florida and Nevada.
Now the company has announced its first orders for sales and distribution of a unique and patent pending product for infused Hemp oil CBD gum Lozenges. To begin, the product will be sold as "MedCBD," a blister pack of eight (8) pieces of 10 mg gum tablets or lozenges infused with CBD Hemp oil. Preliminary markets for the infused tablets will include the states of California and Florida, as well as plans for Puerto Rico,
"We are very pleased to be working exclusively with the only chewing gum manufacturer that can incorporate an ingredient like Hemp oil into a piece of chewing gum or lozenge through their patent pending and proprietary process. Each lozenge contains 10 mg of Hemp oil CBD, or a daily dose, the first ever sold within the market. More and more patients opt for healthy alternatives for ingestion to smoking or vaping, which will include veterans suffering from posttraumatic stress as well as epileptic children as legislation evolves. Our business model of consumer friendly products for the cannabis sector now include our Trademark pending organic infused Hemp Pops and Hemp oil Gum CBD tablets. For those who wish to smoke, our California Premiums licensed brand of select strains will be available in California by December. We are presently completing our financials for Q2 and Q3, which have been submitted to our auditing firm to once again reach compliant and fully reporting status. We will continue to innovate and increase sales revenue through our unique wellness lines and products in regulated jurisdictions as we watch our sector rapidly evolve," stated B. Michael Friedman, CEO of Agritek Holdings Inc in the company press release.
While it does not grow, harvest, or distribute cannabis, the company provides real estate management and health and wellness product lines, including beverages, vaporizers, and accessories under its trademarked Mont Blunt™ brand. The Company additionally has two wholly owned subsidiaries, “Agritek Venture Holdings, Inc.,” which holds all land acquisitions and leases as well as “The American Hemp Trading, Inc.,” for hemp based beverages and products.
Growers can use Agritek by renting out 5 acres of site for use. The company even installs bathrooms, sewage, power, perimeter fence, video cameras, lights and alarms. The spaces range from $5,000 to $100,000 depending on the requirements and specifications. AGTK will also construct a 10,000 to 50,000 square foot cannabis production facility, which is similar to a mix of a warehouse and a greenhouse.
E-cigarettes, a popular market, are another revenue stream for AGTK. Users experience the sensation of smoking by inhaling a vapor which contains a concentration of nicotine. The company’s Mount Blunt brand of e-cigarettes recently signed Tara Reid to its list of celebrity endorsers. According to the company, here is Mount Blunt’s offering of e-cigarette:
Mont Blunt™ is working the high end of the market. Mont Blunt Vapor Pens have a retail price range between $19.99 and $100.00. It contains a heating unit attached to bong-like liquid-filled glassware, designed to deliver a maximum high without concern for portability or discretion. The Company also produces high end, customized pens for a celebrity clients which include diamonds that can range in excess of $50,000 for limited edition models. Agritek additionally markets a full line of e-liquids consisting of approximately 20 flavors.
The company also has an exclusive agreement with California Premiums, a packaged and pre-rolled cannabis product. The unique packaging concept includes four (4) half (1/2g) gram pre-rolled premium strains individually wrapped including a branded lighter. AGTK will have licensing rights and a flat royalty fee from the brand. “We are extremely pleased to have been chosen and to be working with the founders and creators of this amazing brand. With our new funding and reach within the state through hundreds of dispensaries, we expect to build this brand aggressively and create our strongest revenue stream through our flat fee royalty model with a strong belief that Prop 64 will pass in the next short weeks giving our partners and distributors access to a recreational market place that we believe could surpass Colorado,” stated B. Michael Friedman, CEO of Agritek Holdings from a company press release.
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