LOS ANGELES, CA--(Marketwired - Nov 22, 2016) - 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 placed its first orders for sales and distribution of a unique and patent pending product for infused Hemp oil CBD gum Lozenges. The product initially 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, with Agritek Holdings expanding with new offices on the island.
"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.
About Agritek Holdings, Inc.
Agritek Holdings, Inc., a pioneer within the medicinal marijuana space, provides innovative technology and agricultural solutions and seeks to be the leader in Compassionate Care Technology for the recreational cannabis 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.
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.