Agritek Holdings, Inc. Announces Launch of Next Generation Vaporizer and Accessories Through Distributors in California and Colorado Under Prohibition Products Division
LOS ANGELES, CA--(September 10, 2015) - Agritek Holdings, Inc. (OTCQB: AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and agricultural solutions for the medicinal cannabis industry, today announced that the Company has launched its new line of Prohibition Vaporizers and accessories under its' wholly owned subsidiary Prohibition Products Inc.
The next generation intellectual property encompasses a proprietary cartridge and battery that synthesizes herbs for use in a personal portable vaporizer device. The liquefied, active ingredients from the herbs are injected into disposable cartridges and vaporized using technology never before seen in the electronic vaporizer, herbal or medicinal industries. This unique delivery system for herbal remedies and medicine is incredibly efficient, delivering desired results in minutes, and at much higher concentration levels than traditional or existing technology for herbal medicines.
The new Prohibition device which fits in the palm of the users' hand, making use almost completely discreet solves the common problem of adding e-liquid or oils into reusable tanks or other forms of combustion to take advantage of the herbal remedies. This is the smallest vaporizer in its class -- in the world. Not only is this the smallest device on the market, but it boasts 650mAh USB rechargeable battery with pass-through charging technology. This technology allows the user to enjoy their vaporizer while simultaneously charging. Another progressive leap forward in vaporizer technology is the incorporation -- for the first time ever -- of a magnetic connection with the disposable cartridge. This removes about 10 threads that a user would have to go through in order to connect the disposable cartridge to the battery source and allows the cartridge to discreetly slip inside the middle of the custom made device. This game-changing technology allows Prohibition Products to make the world's smallest disposable cartridge concentrate vaporizer. Agritek Holdings through Prohibition Products is proud to announce the launch of our innovative vaporizer now on sale through direct distributor relationships throughout California and Colorado.
The Prohibition Line will expect to be available at brick-and-mortar retailers and online at prohibitionlife.com starting September 25th. The Prohibition Pen kits will be sold as starter packs with individual refillable replacement cartridges proprietary to the device in smoke shops nationally as well as in regulated and legal jurisdictions starting in California and Colorado. Initial orders from our major distributors have been placed and are expect to reach at least five thousand units per month by the end of October. The first limited addition Prohibition Pens are expected to retail for between $49.99 and $69.99, labeled as the Dillinger for men and the Daisy for women, available in multiple color schemes. An aggressive nationwide manufacturer coupon initiative through social media campaigns will accompany the rollout of the Prohibition Vaporizer line giving consumers an added incentive to purchase select oil manufacturers all produced in the US to use with their new device.
CEO of Agritek, Justin Braune is excited to announce that "today we shook hands with one of the leading distributors in the e-cigarette and smoke-shop markets. This company is headquartered in Chino, CA and has been hitting home runs since their inception. Today we started what will potentially develop into an exclusive arrangement for Smoke Shop retailers world-wide with access to over 9000 retailers internationally." Justin Braune also mentioned that (he has) "no doubt that this relationship will grow to a monthly number between 7,500 units and 10,000 units monthly."
Michael McNeely, VP of Business Development for distribution, stated, "We're always excited to work with Justin again. He always brings us products that are on the cutting edge of innovation. Our grassroots technique of building our strategic relationships with smoke-shops globally puts us in a great position to support Agritek and this game-changing Vaporizer. We are very selective of which products we choose to bring on as that is how we built such a strong reputation in the industry and we have no doubt that we will be dropping jaws at future trade shows and with our retailers with this new product."
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.Agritekholdings.com), a fully reporting Company and pioneer within the medicinal marijuana space, provides innovative patient and agricultural solutions and 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 through its wholly owned subsidiary Agritek Venture Holdings Inc. Agritek does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene 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.