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.