3.5 Acre Property With Proposed 40,000 Sq. Ft. Structure in Nevada “Green Zone” Is Designated to Be Used for Medicinal Marijuana Cultivation, Production and Testing Lab Facility
LOS ANGELES, CA — (Marketwired) — 07/30/14 — 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 has executed a Real Property Purchase Agreement to acquire approximately 3.5 acres in Clark County, Nevada for the build out of one of the first medicinal marijuana facilities in the state presently awaiting licensing approval . The property located in the Nevada “Green Zone” has been designated for cultivation and conversion facility as well as a testing lab.
The Company, through its wholly owned subsidiary Agritek Venture Holdings, Inc. plans on building up to 40,000 sq. ft.in the approved Apex Industrial Park Complex or Nevada “Green Zone” dedicated to Nevada’s canna-businesses. Agritek will lease the property exclusively to entities under the control of Mr. Neal Bartoletta, the newest advisory board member of Agritek Holdings, which have already been awarded special permits for the facility pending final licensing from the State of Nevada.
“Agritek’s proposed 40,000 square feet structure will set the standard as one of the first medicinal marijuana cultivation, production, and testing labs in the state. We can close on the property 30 days after the 60 day due diligence period granted by the state of Nevada pending licensing,” stated B. Michael Friedman, CEO of Agritek Holdings.
“I would also like to report our Pueblo County facility in Colorado is quickly moving through the engineering process as we work with one of the largest greenhouse manufacturers in the nation with tenants including some of the most respected growers and manufacturers licensed in Colorado waiting to be a part of our innovative agricultural project,” added Friedman.
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.
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.
Source: Agritek Holdings, Inc.
Released July 30, 2014