LOS ANGELES, CA, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active cannabis real estate investor and branding consultant in the legal cannabis sector, today announced that the Company has ended its quarter with the first revenues from Hemp CBD sales through its California operations as CEO B. Michael Friedman appeared as a featured guest speaker on The Fox Business Network show "New To The Street." The show's broadcast aired to a national audience January 28th, 2018, and will appear once again this month in February on the Fox Business Network -- reaching 95 million homes. Investors, shareholders and those interested in the exclusive Agritek Holdings interview may check your local cable provider's channel lineup to find Fox Business Network and Bloomberg Television also expected to pick up the show in most states for a new three part series to feature the Company’s new “Bud and Breakfast property in Canada opening later this year.
B. Michael Friedman, CEO of Agritek Holdings, stated, " We are beginning to see first revenue streams from our new brands focused within the Hemp and CBD markets in Colorado and California. Our unique product lines for the Hemp CBD market place within California and Colorado include our MD Oral Strips, MD Vape lines with multiple flavored terpenes, and our new Hemp Pops, which contain a 25 mg dose within a lollipop in six flavors. The Company has its first purchase order submitted for 5,000 pieces which we will sell at $5.00 a unit for the lollipops to be sold online and through multiple retail locations. An additional $12,000 dollars in gross revenue was the first sale for the Company’s raw isolate for pharma research.
“We were especially pleased that Agritek Holdings once again represented the cannabis sector on The Fox Business Channel to a nationwide audience. This special opportunity to tell our story and business strategy within the cannabis sector to over ninety-five million households around the country will allow us a platform to intelligently explain our long term goals and strategy for Agritek Holdings. Production will begin this season on our Pueblo, Colorado CBD farm operation, supplying a controlled, consistent and premium product source for all of our product lines. This week has represented some of the largest losses in the Dow Industrial Average across the board losing all gains of 2018 in the capital markets. I truly believe our value proposition and position within the sector will once again rise as we gain further exposure to an international audience and release or products increasing revenue over the next quarters through our cannabis property portfolio, technology and product brands.” further stated Friedman
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.AgritekHoldings.com), a pioneer within the medicinal marijuana space, provides innovative technology, brands and agricultural solutions for both the medicinal and recreational cannabis industry. Agritek Holdings, Inc. presently owns or manages property in Colorado, Puerto Rico and Canada and Washington State and has licenses with permitted facilities in California approved for cultivation as well as manufacturing capabilities. The company owns several Hemp and cannabis brands for distribution including California Premiums, MicroDose Strips, and "Hemp Pops" 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.
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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.