On September 11, 2019, Agritek Holdings Inc. announced the departure of Suneil Singh Mundie as President and Chief Executive Officer and a director of the company and the appointment of Scott Benson as Chief Executive Officer and sole Board Director of the company. Effective September 19, 2019, Mr. Mundie resigned from his position as President and Chief Executive Officer and as the sole member of the board of directors of each of Agritek Holdings, Inc., and of certain subsidiaries of the company. Effective September 19, 2019, the board of directors appointed Mr. Scott Benson, as Chief Executive Officer of the company. Mr. Benson, has extensive experience providing advisory services to the Cannabis industry and has forged relationships with many of the industry's key figures during his time in the sector.
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.