LOS ANGELES, CA, Feb. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (OTC PINK: AGTK) www.AgritekHoldings.com, a fully integrated, active cannabis real estate investor and brand licensor for the cannabis sector in the United States and Canada, today announced that Company’s CEO, Suneil Singh Mundie “Neil Mundie”, is now featured in his first CEO webcast Interview on behalf of Agritek Holdings with Uptick Newswire. Mr. Mundie joined host Everett Jolly to discuss the Company’s cultivation, manufacturing, and edibles operations in Colorado, Puerto Rico and California.
The interview may be heard by pasting the link below in your browser or clicking here:
The Company will also be featured on Uptick’s (www.Upticknewswire.com) YouTube channel, Twitter, and Stock Day Podcast.
“I will continue to tell the Agritek Holding’s story to multiple media and news outlets to ensure the small cap investment audience is fully aware of our continued growth with projects in multiple jurisdictions within the cannabis sector. Our recent licensee approvals and expansion into the edibles and now beverage markets both as THC and CBD offerings in licensed states continues to make us the Company to watch,” stated Mr. Mundie, CEO of Agritek Holdings
The Agritek Holdings move back into the edibles and cannabis beverage business coincides with the cannabis beverage industry beginning to gain major attention from some of the largest known Companies after Tilray announced the acquisition of Manitoba Oil of Canada and “eyeing the growing CBD food and drink market in the U.S.” Recent news has also expressed that Starbucks could be the first big chain to launch a cannabis based drink.
“While some big players are only now starting to get interested in producing a CBD or THC infused drink, AGTK was the first to recognize the infused beverage industry, import and license Hemp beverages to dispensaries several years ago under its symbol MediSwipe, with the launch of Chillo, a hemp based energy drink and C Swiss Tea sold in California, Michigan, and available through Amazon, the largest online retailer in the world.
“Agritek still retains all of our contacts, distribution channels and accounts to take advantage of the new explosion of the infused beverage industry and opportunities, and our new beverage product lines debuting next quarter, in my opinion, will surpass anything presently in the marketplace with our custom brands and formulations,” added Mundie.
ArcView Market Research in partnership with BDS Analytics, stated that cannabis edibles spending reached $1.4 billion by 2018 and sales are on track to bring in more than $4.1 billion by 2022. But that number could prove to be just a fraction of its potential now that major consumer packaged goods companies are entering the industry. Agritek Holdings currently has three edibles brands and plans for two beverages moving into the US markets.
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.AgritekHoldings.com), is a fully integrated, active investor and operator in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its diversified portfolio of cannabis related holdings. Currently, the Company is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. presently owns or manages property in Colorado, Washington State, Puerto Rico and Canada 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 "Hemp Pops", Hemp oil wellness products and "California Premiums". 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. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the negative of these terms or other comparable terminology and include statements regarding expected timing of the filing of the Annual Report on Form 10-Q for the quarter ended June 30, 2018. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to timely file our requisite filings with the Securities and Exchange Commission, our ability to meet the continued listing requirements of the OTC Market, our ability to expand leadership activities in support of our sales, our ability to continue to grow, our ability to integrate the entities that we have acquired, our ability to strengthen our internal controls and the other risks outlined under "Risk Factors" in our Annual Report on Form 10-K for our fiscal year ended December 31, 2017 and our other filings with the SEC, including subsequent reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Agritek Holdings, Inc.