SOURCE: Agritek Holdings, Inc.

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July 08, 2014 08:30 ET

Agritek Holdings Inc. Announces $400,000 Cash Infusion From Private Equity Fund

Company to Expand Marketing Campaign on New Mont Blunt E-Cig Products and Begin Infrastructure Build Out of Colorado Agricultural Facility

LOS ANGELES, CA--(Marketwired - July 08, 2014) - (Marketwired - July 8, 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 will receive an estimated $400,000 from its institutional partners and private equity fund based in Chicago this month to be used for roll out and marketing efforts of the Company's Mont Blunt brand of e-cigarettes and initial infrastructure costs related to its agricultural greenhouse project based in Pueblo, Colorado.

"Our appearance at last week's First Annual Cannabis conference in Denver clearly raised awareness of our company and the Mont Blunt brand to the investment public and investors alike. We have already received the initial $200,000 to our balance sheet as of last week and expect to receive the additional $200,000 within the next three weeks. This infusion of capital is part of the $1.5 million committed to the Company in total that will enable us to aggressively move our marketing plan for our Mont Blunt products forward as well as begin initiating infrastructure plans and build out of our state of the art agricultural greenhouse project in Pueblo, Colorado. We have already received several letters of intent and deposits for the 120 acres in total from some of the most respected and consistent licensed growing entities in the state," stated B. Michael Friedman, CEO of Agritek Holdings Inc.

About Agritek Holdings, Inc.

Agritek Holdings, Inc. (www.Agritekholdings.com), the first 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 ™ 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.

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.
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