LOS ANGELES, CA, Sept. 18, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a absolutely integrated, alive absolute acreage broker for the cannabis area in the United States and Canada, today appear that the aggregation has filed its 10Q Report for the aeon catastrophe June 30, 2018 including advertisement financials for the additional division (Q2) for 2018. The Q2 filing will now acquiesce AGTK to acknowledgment to absolutely advertisement cachet and uplisting aback to the OTCQB.
B. Michael Friedman, CEO of Agritek Holdings, Inc., stated, “As best companies aural the cannabis area understand, advance consumes cash, so we are consistently adverse the boxy accommodation of how to best administer the bound assets we have. Overall, we accept we are branch in the appropriate administration and will abide appetite to access our actor amount over the a term.”
The Aggregation as allotment of its debt alliance plan accomplished afore December 2017 bargain acquired liabilities by 100% from 5.4 actor to 2.3 actor (approx.) an estimated $3M referred to as “toxic notes” by management. “There are two methods to antidote this abrogating position—one is to accompany in new and friendlier basic sources, and the added is to abide growing our acquirement and assets. By eliminating assorted lenders and addendum with one favorable lender we actualize beneath burden on our accepted b price. At the aforementioned time, by accretion assets and authoritative abundant investments in our accomplice backdrop and licensees through debt alliance financings, as able-bodied as accretion articles and annual for approaching revenue, we abide abiding in our charge to alive both of these strategies simultaneously,” added declared Friedman. The Aggregation additionally added net acquirement to 1.2M (aprox.)
Agritek Backing invites all shareholders and the advance association at ample to appearance its filings at https://www.otcmarkets.com/filing/conv_pdf?id=12966562&guid=QhlZUpUTl8S0kyh and to subscribe to its commitment annual on its accumulated website, www.AgritekHoldings.com, to abide acquainted of all accordant annual and updates.
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.AgritekHoldings.com), is a absolutely integrated, alive broker and abettor in the acknowledged cannabis sector. Specifically, Agritek Backing provides cardinal basic and anatomic adeptness to advance the commercialization of its adapted portfolio of cannabis accompanying holdings. Currently, the Aggregation is focused on three high-value segments of the cannabis market, including absolute acreage investment, bookish property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. anon owns or manages acreage in Colorado, Washington State, Puerto Rico and Canada and has licenses with acceptable accessories in California accustomed for agronomics as able-bodied as accomplishment capabilities. The aggregation owns several Hemp and cannabis brands for administration including “Hemp Pops”, Hemp oil wellness articles and “California Premiums”. Agritek Holdings, Inc. does not anon grow, harvest, or administer or advertise cannabis or any substances that breach or abjure United States law or the Controlled Substances Act, nor does it intend to do so in the future.
This columnist absolution may accommodate assertive advanced statements and information, as authentic aural the acceptation of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is accountable to the Safe Harbor created by those sections. This absolute contains statements about accepted approaching contest and/or banking after-effects that are advanced in attributes and accountable to risks and uncertainties. Such advanced statements by ogue absorb risks, uncertainties and added factors, which may annual the absolute results, achievement or achievements of Agritek Holdings, Inc. to be materially altered from the statements fabricated herein. All statements added than statements of absolute actuality independent in this columnist absolution are advanced statements. In some cases, advanced statements can be articular by ogue such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” or “will” or the abrogating of these agreement or added commensurable ogue and accommodate statements apropos accepted timing of the filing of the Annual Report on Form 10-Q for the quarter ended June 30, 2018. These advanced statements are based on management’s expectations and assumptions as of the date of this columnist absolution and are accountable to a cardinal of risks and uncertainties, abounding of which are difficult to adumbrate that could annual absolute after-effects to alter materially from accepted expectations and assumptions from those set alternating or adumbrated by any advanced statements. Important factors that could annual absolute after-effects to alter materially from accepted expectations include, amid others, our adeptness to appropriate book our requisite filings with the Securities and Exchange Commission, our adeptness to accommodated the connected advertisement requirements of the OTC MKT, our adeptness to aggrandize administration activities in abutment of our sales, our adeptness to abide to grow, our adeptness to accommodate the entities that we accept acquired, our adeptness to strengthen our centralized controls and the added risks categorical beneath “Risk Factors” in our Annual Report on Form 10-K for our budgetary year ended December 31, 2017 and our added filings with the SEC, including consecutive letters on Forms 10-Q and 8-K. The advice in this absolution is provided alone as of the date of this release, and we undertake no obligation to amend any advanced statements independent in this absolution on annual of new information, approaching events, or otherwise, except as appropriate by law.
Agritek Holdings, Inc.
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