Agritek Holdings Inc. to Acquire Apex Solutions, a Licensed Manufacturer, Producer and Distributor of Award-Winning Cannabis Products in California
Posted on Thursday August 08, 2019
This potential transaction gives Agritek Holdings Inc. access to Apex Solutions’ tremendous portfolio of intellectual property and proprietary technology in addition to ownership rights for the company’s extensive line of branded products including concentrates Cali Stick, Pinnacle vape pens and proprietary cartridge brands. Founded in February 2017, Apex Solutions was one of the first licensed, recreational cannabis manufacturers established when legalization occurred in the state of California.
Agritek Holdings Inc. Announces Execution of Revised Term Sheet for Cash Infusion of Up to $5 Million Dollars From Private Banking Partner and Equity Line for Targeted California Manufacturing Acquisition
Posted on Thursday August 01, 2019
LOS ANGELES, CA, Aug. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agritek Holdings, Inc. (OTC: 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 executed a revised term sheet and approved funding for up to $5,000,000 in cash through a private banking partner for a targeted California based acquisition and licensed manufacturing operation. The new cash infusion will be in the form of an Equity Purchase Agreement and Registration Rights Agreement allowing the Company access to capital on an as needed basis. The new equity line and Agreement provides Agritek Holdings with up to five million ($5,000,000) dollars for general corporate and working capital purposes. Pursuant thereto, Agritek Holdings will file a Registration Statement with the SEC to register shares of Common Stock with the right but not the obligation to direct the lender, by periodically delivering a Notice, to purchase shares at an agreed strike price against the equity line for the $5,00,000.
Agritek Holdings, Inc. Announces Letter of Intent to Acquire Colorado Manufacturing License and Established Vape Brand as New State Legislation Allows Public Company Investment and Acquisitions
Posted on Tuesday July 02, 2019
LOS ANGELES, CA, July 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (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 negotiated terms and effected a Letter of Intent to acquire 100% of a recreational manufacturing license and Vape Company based near Vail, Colorado. The new manufacturing license and asset acquisition are the result of new legislation passed by Colorado last month allowing outside investments from public companies for the first time in the state of Colorado. Colorado’s prohibition on publicly traded cannabis companies, which dates back to legalization and was previously preserved by former Governor John Hickenlooper, is now a relic of the past.
Agritek Holdings, Inc. Announces Execution of Term Sheet for Cash Infusion of Up to $2.5 Million Dollars from Private Banking Partner and Equity Line for Expansion of Multi-State Cannabis Operations
Posted on Thursday June 20, 2019
LOS ANGELES, CA, June 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (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 executed a term sheet and approved funding for up to $2,500,000 in cash through a private banking partner for expansion of its cannabis operations in Puerto Rico and Colorado. The new cash infusion will be in the form of an Equity Purchase Agreement and Registration Rights Agreement allowing the Company access to capital on an as needed basis, and to further eliminate debt and retire toxic financing notes on the Company’s balance sheet. The Agreement provides Agritek Holdings with up to two and a half million dollars for general corporate and working capital purposes.
