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Agritek Holdings, Inc. Announces Phase One Construction On 25,000 Sq. Ft. Cultivation Facility In Puerto Rico
Agritek Holdings, Inc. Announces Phase One Construction On 25,000 Sq. Ft. Cultivation Facility In Puerto Rico.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\n \n \n Agritek Holdings, Inc. Announces Phase One Construction On 25,000 Sq. Ft. Cultivation Facility In Puerto Rico\n \n \nAgritek Holdings, Inc. Announces Phase One Construction On 25,000 Sq. Ft. Cultivation Facility In Puerto Rico\n \n LOS ANGELES, CA--(Marketwired - Aug 14, 2017) - Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active cannabis real estate investor and branding consultant in the legal cannabis sector today announced that phase one of construction will begin this month at the 1919 Clinic's 25,000 square foot cultivation and manufacturing facility located in San Juan, Puerto Rico. Agritek Holdings will provide funding for the build out of the operation, extraction and all equipment as well as cultivation experts under the Agritek team through its executed five (5) year Operations and Licensing Agreement with 1919 Clinic. The Operations and Licensing Agreement entitles Agritek to multiple revenue streams including monthly consulting fees, equipment lease back fees, as well as exclusivity for the sale of Agritek brands including vape products, oils and edibles upon meeting all the standards as set forth for legal operation by the Department of Health for Puerto Rico.\n The territory legalized medical marijuana by decree nearly two years ago and new Governor Ricardo Rossello last month signed a measure that set out a legal framework for the industry. Backers say the initiative will spark an expansion of the cultivation operations, manufacturing centers and dispensaries that have begun popping up across the island.\n According to a recent article by the Seattle Times, for people like Narelis Cortes, the issue isn't so much work as conquering pain.\n She's one of nearly 9,000 Puerto Ricans who have paid $25 a year for a permit to use medical marijuana to treat at least 14 preapproved conditions including HIV, cancer, multiple sclerosis, migraines, anxiety and epilepsy.\n The 32-year-old mother and Air Force veteran said rheumatoid arthritis, fibromyalgia and the initial stages of Parkinson's disease had kept her in bed for hours a day. She said she spends about $350 a month on medical marijuana. She vapes every four to six hours and has eliminated the need for 20 medications.\n \"I'm functional now,\" she said.\n The island's treasury secretary says the medical marijuana industry...