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
July 02, 2019 at 06:00 pm IST
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Agritek Holdings, Inc. 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. Terms of the closing of the license transfer and final acquisition are subject to standard due diligence and approval of the Definitive Agreement by the parties. 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. is an investor and operator in the legal cannabis sector. Its business focus is primarily to hold, develop and manage real property. It is focused on three segments of the cannabis market, including real estate investment, intellectual property brands, and infrastructure, with operations in United States, including Florida, Colorado, and California. It invests its capital via real estate holdings, licensing agreements, royalties, and equity in acquisition operations. Its business focus is primarily to hold, develop and manage real property. It produces, brands, and distributes hemp-based products. Its product categories include human ingestible (tinctures, capsules, and gummies), topicals, and pet products. Its products are distributed through its e-commerce Websites www.RehabRx.com, Hemppops.com and third-party ecommerce websites. It provides services to the legal cannabis sectors including dispensary and retail solutions and consumer product solutions.
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