LOS ANGELES, CA, Oct. 17, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a absolutely integrated, alive absolute acreage broker for the cannabis area in the United States and Canada, today announced as of 12:01 a.m. Wednesday, adults will be accustomed to backpack and allotment up to 30 grams of acknowledged marijuana in public, throughout Canada, according to a bill that anesthetized the Senate in June. The new regulations are now official as of today Wednesday, Oct. 17, authoritative developed use of cannabis acknowledged in all genitalia of Canada, with specific regions advancement ascendancy to acclimatize the aphorism in assertive 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%
Canadians will additionally be accustomed to breed up to four plants in their households and accomplish articles such as aliment for claimed use. Consumers charge be at atomic 18 years old, and the production, administration or auction of cannabis articles is an breach for minors. The accumulation of recreational marijuana could be bound at atomic aboriginal on in some stores.
B. Michael Friedman, CEO of Agritek Holdings, Inc., stated: “We accept that Agritek Backing operates the aboriginal “Bud and Breakfast blazon archetypal alfresco the arena of Quebec, actuality the aboriginal to access the cannabis industry through a accommodation model. The nine bedroom, 15 acre adeptness with golf course, horseback and fishing alternating with chef classes for cannabis cuisine is the aboriginal of its affectionate in the country. There is no cannabis awash or provided on the property, however, cannabis articles may be ordered through accustomed government vendors and delivered via aing day column directly to the resort for its guests that authorize and accomplish arrange through our babysitter during their stay. Reservations starting in 2019 are now accessible at the better online biking portals including Expedia and Booking.com referencing the acreage abode at www.26Rueking.com.”
Additionally, Agritek Backing is in the action of affective accumulated offices to Canada and created a wholly endemic accessory to booty advantages of accretion targets with the new deregulation of cannabis aural the country. The Aggregation anon manages accomplishment and agronomics backdrop in Puerto Rico and Colorado as well.
Canada was the additional country in the world, and the aboriginal G7 nation, to apparatus legislation allowing a civic marijuana market. In December 2013, Uruguay was the aboriginal canton to approve the production, auction and burning of marijuana.
The Canadian legislation, accepted as the Cannabis Act, stems from a attack agreement of Prime Minister Justin Trudeau to accumulate marijuana abroad from arrears users and barrier marijuana-related crime. Legalizing cannabis is accepted to actualize an industry worth more than $4 billion in Canada
Nine states in the United States and the District of Columbia now acquiesce recreational marijuana use. Medical marijuana is acknowledged in some anatomy in 30 states, according to the National Conference of State Legislatures.
The pot industry took in about $9 billion in sales in 2017 in the United States, according to BDS Analytics. The acquirement from those sales is agnate to the absolute bite bar industry as appear by CNN’s Mary McDougall, Madison Park and Bani Sapra.
Agritek Backing invites all shareholders and the advance association at ample to appearance its filings at https://www.otcmarkets.com/filing/conv_pdf?id=12966562&guid=QhlZUpUTl8S0kyhand to subscribe to its commitment annual on its accumulated website, www.AgritekHoldings.com , to abide acquainted of all accordant annual and updates.
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.AgritekHoldings.com), is a absolutely integrated, alive broker and abettor in the acknowledged cannabis sector. Specifically, Agritek Backing provides cardinal basic and anatomic adeptness to advance the commercialization of its adapted portfolio of cannabis accompanying holdings. Currently, the Aggregation is focused on three high-value segments of the cannabis market, including absolute acreage investment, bookish property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. anon owns or manages acreage in Colorado, Washington State, Puerto Rico and Canada and has licenses with acceptable accessories in California accustomed for agronomics as able-bodied as accomplishment capabilities. The aggregation owns several Hemp and cannabis brands for administration including “Hemp Pops”, Hemp oil wellness articles and “California Premiums”. Agritek Holdings, Inc. does not anon grow, harvest, or administer or advertise cannabis or any substances that breach or abjure United States law or the Controlled Substances Act, nor does it intend to do so in the future.
This columnist absolution may accommodate assertive advanced statements and information, as authentic aural the acceptation of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is accountable to the Safe Harbor created by those sections. This absolute contains statements about accepted approaching contest and/or banking after-effects that are advanced in attributes and accountable to risks and uncertainties. Such advanced statements by analogue absorb risks, uncertainties and added factors, which may annual the absolute results, achievement or achievements of Agritek Holdings, Inc. to be materially altered from the statements fabricated herein. All statements added than statements of absolute actuality independent in this columnist absolution are advanced statements. In some cases, advanced statements can be articular by analogue such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” or “will” or the abrogating of these agreement or added commensurable analogue and accommodate statements apropos accepted timing of the filing of the Annual Report on Anatomy 10-Q for the quarter ended June 30, 2018. These advanced statements are based on management’s expectations and assumptions as of the date of this columnist absolution and are accountable to a cardinal of risks and uncertainties, abounding of which are difficult to adumbrate that could annual absolute after-effects to alter materially from accepted expectations and assumptions from those set alternating or adumbrated by any advanced statements. Important factors that could annual absolute after-effects to alter materially from accepted expectations include, amid others, our adeptness to appropriate book our requisite filings with the Securities and Exchange Commission, our adeptness to accommodated the connected advertisement requirements of the OTC MKT, our adeptness to aggrandize administration activities in abutment of our sales, our adeptness to abide to grow, our adeptness to accommodate the entities that we accept acquired, our adeptness to strengthen our centralized controls and the added risks categorical beneath “Risk Factors” in our Annual Report on Anatomy 10-K for our budgetary year ended December 31, 2017 and our added filings with the SEC, including consecutive letters on Forms 10-Q and 8-K. The advice in this absolution is provided alone as of the date of this release, and we undertake no obligation to amend any advanced statements independent in this absolution on annual of new information, approaching events, or otherwise, except as appropriate by law.
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