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Agritek Holdings, Inc. Announces Recreational Cannabis Now Legal in Canada as Company Opens First Hospitality and Leisure Resort Catering to Country
Agritek Holdings, Inc. Announces Recreational Cannabis Now Legal in Canada as Company Opens First Hospitality and Leisure Resort Catering to Country.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\nLOS 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. Pot stocks surged on the news. Tilray Inc. popped 11.69% on Monday, Canopy Growth Corp. rose 14.24%, Medmen Enterprises Inc. rose 9.59% and Aurora Cannabis Inc. rose 11.03%\n Canadians will also be allowed to cultivate up to four plants in their households and make products such as edibles for personal use. 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. B. Michael Friedman, CEO of Agritek Holdings, Inc., stated: “We believe that Agritek Holdings operates the first “Bud and Breakfast type model outside the province of Quebec, being the first to approach the cannabis industry through a hospitality model. The nine bedroom, 15 acre facility with golf course, horseback and fishing along with chef classes for cannabis cuisine is the first of its kind in the country. There is no cannabis sold or provided on the property, however, cannabis products may be ordered through approved government vendors and delivered via next day post  directly to the resort for its guests that qualify and make arrangements through our concierge during their stay. Reservations starting in 2019 are now available at the largest online travel portals including Expedia and Booking.com referencing the property address at www.26Rueking.com.” Additionally, Agritek Holdings is in the process of moving corporate offices to Canada and created a wholly owned subsidiary to take advantages of acquisition targets with the new deregulation of cannabis within the country. The Company pre...