Agritek Holdings Inc. (AGTK)

[TheTanMan]

Very Nice New Early this Year. Hope to see more news like this: Agritek Holdings, Inc. Completes Elimination of $850,000 of Toxic Debt From Former Lenders

LOS ANGELES, CA--(Marketwired - January 27, 2016) - Agritek Holdings, Inc. (OTC PINK: AGTK) (http://www.Agritekholdings.com), a leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced the Company has eliminated and re-negotiated the removal of approximately $850,000 in toxic debt from two lenders on the Company's balance sheet. The negotiation also included new commitments to fund approximately $250,000 in new working capital, of which $87,500 has been funded, with new institutional lenders seeking a long term relationship with Agritek Holdings. The new lenders also purchased approximately $350,000 in aged notes from Tonaquint, Inc. and Vis Vires Group, Inc.