SOURCE: Agritek Holdings, Inc.

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April 15, 2016 11:35 ET

Agritek Holdings Inc. Provides Update on Form 10-K Filing

LOS ANGELES, CA--(Marketwired - April 15, 2016) -  Agritek Holdings, Inc. (OTC PINK: AGTK) (http://www.Agritekholdings.com), a leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced that it was unable to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the "Form 10-K"). The delay is due to the Company's recent transition to our new auditing firm L&L CPA's to remain fully reporting under SEC status. The auditing firm needed further time to review the Company's year end financial statements. Both the Company and its auditing firm are working diligently to file the Form 10-K as soon as practicable which is expected to be filed no later than Tuesday of next week.

"We look forward to once again becoming compliant early next week and updating our shareholders with recent significant events that have taken place since the start of 2016," stated B. Michael Friedman, CEO for Agritek Holdings Inc. 

About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.Agritekholdings.com), a pioneer within the medicinal marijuana space, provides innovative patient and agricultural solutions and for the recreational cannabis industry. Agritek Holdings provides real estate management and health and wellness product lines to licensed dispensaries and cultivators in legal jurisdictions. 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.

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