Agritek Holdings, Inc. Announces Resignation of CEO, Names New Interim CEO, With Company To Bring On New Advisory Board And Management Consultants Specializing In Cannabis Sector
Posted on Monday December 10, 2018
LOS ANGELES, CA, Dec. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (OTC PINK: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector in the United States and Canada, today announced that B. Michael Friedman has resigned as sole Director and CEO to pursue other opportunities, effective December 11, 2018. Effective immediately, the Board has appointed Mr. Suneil Singh Mundie as the Interim Chief Executive Officer. Mr. Friedman will assist management in a smooth transition with ongoing projects and relationships until the end of the year 2018.
Agritek Holdings, Inc. Announces Recreational Cannabis Now Legal in Canada as Company Opens First Hospitality and Leisure Resort Catering to Country
Posted on Wednesday October 17, 2018
LOS ANGELES, CA, Oct. 17, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector in the United States and Canada, today announced as of 12:01 a.m. Wednesday, adults will be allowed to carry and share up to 30 grams of legal marijuana in public, throughout Canada, according to a bill that passed the Senate in June. The new regulations are now official as of today Wednesday, Oct. 17, making adult use of cannabis legal in all parts of Canada, with specific regions maintaining authority to adjust the rule in certain ways. Consumers must be at least 18 years old, and the production, distribution or sale of cannabis products is an offense for minors. The supply of recreational marijuana could be limited at least early on in some stores.
Agritek Holdings, Inc. Announces First Approved Hospitality Model And Full Service Wellness Resort As Cannabis Approaches Legalization In Canada This Month
Posted on Friday October 05, 2018
For legal purposes, a stay at the managed resort property shall include everything except the cannabis itself. Canada is now preparing to legalize recreational marijuana this month on October 17th, becoming only the second country to do so after Uruguay. The pending change has touched off an investment boom and pushed up valuations of Canada’s cannabis producers.
Agritek Holdings, Inc. Announces Filing Of Form 10-Q Report With Return To Fully Reporting Status On OTCQB And Update To Shareholders
Posted on Tuesday September 18, 2018
LOS ANGELES, CA, Sept. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector in the United States and Canada, today announced that the company has filed its 10Q Report for the period ending June 30, 2018 including reporting financials for the second quarter (Q2) for 2018. B. Michael Friedman, CEO of Agritek Holdings, Inc., stated, "As most companies within the cannabis sector understand, growth consumes cash, so we are always facing the tough decision of how to best apply the limited resources we have. The Company as part of its debt consolidation plan initiated before December 2017 reduced derivative liabilities by 100% from 5.4 million to 2.3 million (approx.) an estimated $3M referred to as "toxic notes" by management.
