Agritek Holdings Inc. (AGTK)

[stocktivity]

I posted this the other day but I'll put it up again for any new investors looking at Agritek today -

Great news out Dec 21st and the news release from Dec. 14th -

http://ir.agritekholdings.com/news/agritek-holdings-inc-announces-deal-with-institutional-investor-to-eliminate-existing-toxic-convertible-debt-of-approximately-700-000-and-provide-favorable-capital-infusion-4820243

takes on added importance now. Since this Dec 14th news release, Agritek has risen about 50% so something is happening under the radar. A few highlights in case this release was forgotten -

1 - "announced that the Company in an effort to stop dilution of its common stock and stabilize the AGTK share price is now completing a deal with an institutional investor to soon begin paying off close to $700,000 in toxic debt to the Company’s various convertible note-holders."

2 - “The tremendous reduction of troubling convertible toxic-type debt from our balance sheet has always been of major importance to strengthen the value of our company and its balance sheet. The buyout plan of our current toxic, convertible debt which has put extreme pressure on our common stock price through conversions of millions of shares at a discount has already affected our marketplace favorably through our recent upward trend.

3 - future capital investments by the same financial partner under more favorable terms now being negotiated, will allow Agritek Holdings to grow through our increase in common stock price and expand revenue streams through immediate opportunities and acquisitions of real estate and brands within the cannabis sector.“ ...... NOTE "now being negotiated"

4 -We are extremely pleased with this new financing partner, and believe the elimination of existing convertible notes of almost $1,000,000 will be beneficial to the Company, its shareholders and investors almost immediately. The terms of our new funding plan over the next year is intended to send a message to the market that Agritek Holdings will soon be fiscally strong and ready for an acceleration within the sector as California turns recreational in 2018 as well as Canada’s move to decriminalize in the coming months, both jurisdictions where we plan to have a strong presence. ..... NOTE "over the next year"

5 - We remain committed and are presently evaluating several acquisitions to bring into our holdings for benefit of not only for Agritek Holdings and our shareholders, but also to those in the cannabis industry which desperately needs innovative solutions to meet patient care and consumer demand through compliance, consistency of brands and technology.” further stated Friedman.
...... NOTE "presently evaluating several acquisitions (plural)"