|By Marketwired .||
|July 22, 2014 08:30 AM EDT||
LOS ANGELES, CA--(Marketwired - July 22, 2014) - Agritek Holdings, Inc. (OTCQB: AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, today announced the addition of Mr. Neal Bartoletta to its advisory board and through the execution of an Letter of Intent with Bartoletta and his venture Companies based in Nevada, that the partnership will include a special use permit for Agritek Holdings in Clark County, Nevada for its new cultivation and conversion facility. Mr. Bartoletta completed the presentation to the Board of Commissioners and was successful in acquiring this special use permit for its proposed Las Vegas cultivation and testing facility. The Company through this exclusive partnership will now await final State approval and will be applying for a State business license in the coming weeks.
Through the exclusive partnership, Agritek Holdings Inc., through its wholly owned subsidiary Agritek Venture Holdings will purchase approximately 3.5 acres in the approved Apex Industrial Park Complex or Nevada "Green Zone" and build a 40,000 sq. ft. facility dedicated to Nevada's canna-businesses once licensed. Agritek will lease back the property exclusively to Mr. Bartoletta and his approved licensed entity. Clark County will hold three days of lengthy public hearings in order for applicants to present to the commission. A list of 70 applicants for cultivation facilities in Clark County applied and Mr. Bartolleta was granted a special use permit for his proposed medical marijuana establishment. Required information was set in ordinance and applicants were required to meet each and all ordinances. Mr. Bartoletta met all ordinances and was awarded the special permits as a first step, and will move forward in applying to the State for a business license to operate its cultivation and testing facility.
Agritek's proposed 40,000 square feet within the Apex Industrial Park Complex labeled as Nevada's Green Zone is ideal for cultivation, testing lab and packaging facility, and is expected to provide the North Las Vegas community with jobs and the most consistent supply of medicinal products on behalf of caregivers in the area.
Mr. Bartoletta brings to Agritek Holdings a lifetime of experience in a variety of industries. Originally, he owned and operated Bart Warehouse Corp., a highly respected labor leasing company serving the USA with over 3000 employees. In addition, N.J. Bart Corp was a transportation and logistics leader who handled trucking and warehousing operations for industry giants like Warner-Lambert, Montgomery Ward and Parke Davis. Lambert and Davis required special licensing for the skills needed related to their controlled substances.
From the year 2000 to the present, Mr. Bartoletta has been instrumental in the development of three highly specialized industries. Carelle Healthcare, headquartered in Florence KY is a manufacturer of skin care, cosmetics and other health related products. Their state-of-the-art laboratory analyzes all components used to meet strict government guidelines. Bioagra, a bio-tech company in Hinesville GA produces organic feed for farm animals. As CEO and major stockholder, Mr. Bartoletta oversaw the production of this unique food source, which eliminates antibiotic and growth hormones. Demand far exceeded supply for this pioneering advance in the livestock industry with customers like Fieldale Farms and Claxton Farms. Finally, as President & CEO for Justin Capital, Mr. Bartoletta oversees day-to-day operations for this investment firm who specializes in commodities trading. Their offices can be found in Odessa, Manila, Athens and Port Saint Lucie FL.
The aggregate of Mr. Bartoletta's work experience positions him well to be the managing partner of My Life Enterprises, and several other medical marijuana companies located in the Las Vegas NV metropolitan area. These companies will be responsible for the cultivation, production, and laboratory testing of medical marijuana and related edible products.
"The addition of Mr. Bartoletta to our advisory board and his Nevada permit approvals along with Dr. Jayme Canton, our longtime partner and board advisor, adds tremendous credibility to our Company as a fully reporting leader in the industry. Our Colorado facility is now finalizing engineering approval for our first tenant greenhouses, with the first 40 acres presently under lease agreements being finalized with licensed growing and manufacturing tenants. We expect our scalable business model and financial backing to separate us from our competitors, and to be recognized as an industry leader and land owner in Colorado, Nevada and Florida, the three states that we believe will prove to be the most profitable markets in the sector," stated B. Michael Friedman, CEO of Agritek Holdings Inc.
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.Agritekholdings.com), the first fully reporting Company and pioneer within the medicinal marijuana space provides innovative patient and agricultural solutions seeks to be the leader in Compassionate Care Technology for the medicinal marijuana industry. Agritek Holdings provides real estate management and health and wellness product lines including beverages, vaporizers and accessories under the Mont Blunt ™ brand (www.montblunt.com). Agritek Holdings Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Agritek Holdings, Inc. to be materially different from the statements made herein.
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