Agritek Signs Deal for New 22,000 Sq. Ft. Cultivation Facility in Vegas
Ryan Allway
March 23rd, 2015
News, Top Story
[stockchart symbol=AGTK]
Agritek Holdings Inc. [stockquote symbol=AGTK], a leading in compassionate care technology and agricultural solutions for the medical marijuana industry, recently announced a new operational and licensing agreement with Player’s Network [stockquote symbol=PNTV] subsidiary Green Leaf Farms Holdings Inc. for a new 22,000 square foot cultivation and production facility in North Las Vegas. The five-year agreement makes Agritek the exclusive consultant to build out the facility on behalf of Green Leaf, who is operating under a $2.8 million contract with a partner.
Read the entire press release here:
http://finance.yahoo.com/news/agritek-holdings-inc-announces-execution-130000318.html
“This five year operational agreement with Green Leaf is a giant foot print in Nevada for Agritek Holdings and major milestone toward meaningful revenue,” said Agritek Holdings Inc. CEO B. Michael Friedman. “We believe Nevada will prove itself to be the most dynamic and largest recreational market over the next 18 months. With 800,000 tourists visiting the city each week, having a long term business relationship and executing with one of the largest, fully functional and licensed cultivation and production facilities will soon prove that Agritek Holdings cannot be ignored within the marketplace as a force within this sector.”
The new facility will be one of the first operational indoor cannabis cultivation and production facilities in North Las Vegas with the latest technology for indoor growing and manufacturing. Under the agreement, Agritek will provide consulting services and specialists related to growing and production, operational build out, equipment lease financing, and infrastructure funding commitment of up to $1 million. Agritek will receive both consulting and licensing fees as a provider of vaporizers, cartridges, and infused edibles under the Mont Blunt brand name.
Shares of Agritek Holdings Inc. jumped more than 15% in early trading on Monday, March 23, 2015 following the news release.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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