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Agritek Holdings Inc. Receives Hemp Licensee Approval Of American Hemp Trading Company For Company's Colorado Eighty Acre Hemp Production Farm In Pueblo, Colorado
Agritek Holdings Inc. Receives Hemp Licensee Approval Of American Hemp Trading Company For Company's Colorado Eighty Acre Hemp Production Farm In Pueblo, Colorado.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\nLOS ANGELES, CA, May 30, 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 announced that the Company has received its approval for the production of Industrial Hemp by its licensee The American Hemp Trading Company on its eighty (80) acre farm located in Pueblo, Colorado. Recently, the Company has decided to escalate its presence in Colorado due to recent advancements for national cannabis legislation in which President Trump and Colorado Senator Cory Gardner negotiated a groundbreaking deal on behalf of Legalized Marijuana within the state of Colorado.\n The Company is the owner of eighty acres in Pueblo, Colorado with water and mineral rights with approved plans to develop the land of its Licensee and partner The American Hemp Trading Company, a Colorado corporation with its’ President being one of the leading cultivators in Colorado and former Cannabis Cup winner. “This recent approval by the state of our Hemp farm in Colorado will allow Agritek the ability to grow its own biomass for production of its full spectrum Hemp Oil brands containing no THC now being sold in both retail locations and multiple e-commerce sites including www.WellnessHempoil.com and www.Hemppops.com. Our strategic and unique business model of owning our own properties, production and brand distribution with multiple revenue streams will continue to show progress and create shareholder value over the long term as we expand our operations through our real estate property portfolio and products in Colorado, Puerto Rico and California markets,” stated B. Michael Friedman, CEO, Agritek Holdings Inc. The multi-billion dollar hemp market is projected to grow 700% and hit $1.8 billion by 2020 according to Arc View Research. A full investor presentation on Agritek Holdings may be viewed in the investor section of our corporate website located at www.Agritekholdings.com About Agritek Holdings Inc. Agritek Holdings Inc. (www.AgritekHoldings.com), is a fully integrated, active investor and operator in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its di...