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Agritek Holdings Inc. CEO B. Michael Friedman Issues Letter to Shareholders
Agritek Holdings Inc. CEO B. Michael Friedman Issues Letter to Shareholders.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\n\n LOS ANGELES, CA, Jan. 05, 2018 (GLOBE NEWSWIRE) -- Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector and consultant for multiple cannabis brands, today released the following Letter to Shareholders from the Company's Chief Executive Officer B. Michael Friedman.\n The New Year is often a time of earnest reflection on the developments of last year and ambitious goal-setting for the year ahead. I am pleased to say that 2017 was a year of transformation and tremendous progress for the Company in our last quarter in terms of uniquely positioning our Company’s land assets and the brands for long term. I would first like to thank all of the shareholders for their continued support with the Company. We greatly appreciate the trust you have placed in Agritek Holding’s operations, management, and mission over the last seven years as a pioneer and survivor within the cannabis sector. There is no doubt that yesterday’s news of the present administration's potential reversal of state’s rights with regard to the recreational cannabis sector cast a dark shadow upon our industry. However, Agritek Holdings as a Company and our business model is in fact, separate and unique from any other Company within the sector. The Company has distinctly separated itself as a land owner and REIT model, does not cultivate, owns no licenses or dispensaries as an entity and works only as a brand consultant to create cannabis brands receiving a packaging royalty. By creating revenue through rent payments and equity in brands we have relatively no exposure to any new potential change in regulation, especially with a focus by the Company within the medicinal market. I specifically wanted this letter to include some of the following accomplishments made by the Company over the past year that clearly distinguish Agritek Holdings from the rest of the Companies both fully reporting and those not reporting within the cannabis sector: -We were featured in television news segments that ran nationally on Fox Business News first starting in October 2017, with new updated segments discussing new acquisitions and products of the Company beginning this month January of 2018 on Fox Business in national markets. -Derivative Actions that burdened the Company since...