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Agritek Holdings Inc. Announces Letter to Shareholders and Appointment of Interim Chief Executive Officer B. Michael Freidman
Agritek Holdings Inc. Announces Letter to Shareholders and Appointment of Interim Chief Executive Officer B. Michael Freidman.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\nAgritek Holdings Inc. Announces Letter to Shareholders and Appointment of Interim Chief Executive Officer B. Michael Freidman\n\nAgritek Holdings Inc. Announces Letter to Shareholders and Appointment of Interim Chief Executive Officer B. Michael Freidman\n\nLOS ANGELES, CA--(Marketwired - November 09, 2015) - Agritek Holdings, Inc. (OTCQB: AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced an open letter to its shareholders.Dear Shareholders:I thought it appropriate to communicate with you now that I have been appointed as the interim Chief Executive Officer of Agritek Holdings, Inc. (the \"Company\") as of Friday last week. At this time, I feel that each of our shareholders should be provided with more details relating to the Form 8-K filed this morning and management's plans for moving the company forward. My goal is to communicate openly with you within the bounds set by the applicable regulatory bodies.The 8-K filed Friday November 6th 2015, specifically was related to:(1.) Departures of principal officers, elections of directors, and appointments of principal officers.This morning's 8K announced effective November 4, 2015, the resignation of Justin Braune, the Company's CEO of the last 8 months and effective October 26, 2015, the resignation of Heather Bush, the Company's Chief Financial Officer (the \"CFO\"). Mr. Braune's appointed Ms. Bush as CFO on September 16, 2015. As many of our long term shareholders are aware, I previously served as your Chief Executive Officer of this Company and on its' Board of Directors since 2009. I still remain the largest single shareholder of this company and have been for almost six years. I have personally led Agritek then known as Mediswipe Inc. and have been a part of this company at it's highest of highs during the initial cannabis sector boom, and for the last eight months stood on the sideline and watched new management bring it to the lowest point of our trading history with several matters that need to be resolved immediately.Admittedly, it is not easy to be a pioneer within a new sector, and we have in the past several years shared good times and bad. I truly felt and agreed to step down as CEO in March 2015 and by bringing in...