NetworkNewsBreaks – Agritek Holdings, Inc. (AGTK) Requests Form 10-Q Report Extension for Fiscal Period Ended June 30, 2018

August 17, 2018 12:45:29

Cannabis-focused real estate investment company Agritek Holdings, Inc. (OTCQB: AGTK) yesterday announced its filing of an extension in order to properly file its Form 10-Q for the period ended June 30, 2018. Per the update, the company attributes the delay to multiple new corporate developments, including recent debt consolidation and related financings aimed at increasing asset value. “We have every intention of filing our 10Q Report and have always remained fully reporting over the last several years to maintain our uplisting on the OTCQB,” B. Michael Friedman, CEO of Agritek, stated in the news release. “Management is working diligently with our auditors to comply with filing regulations, clarifying debt instrument language intended for the sole benefit and sustainability of the Company, recent acquisition transactions which may require predecessor/successor reporting and arbitration proceedings now extending over twelve months awaiting judicial review and seeking dismissal thereof.” Agritek intends to file the Form 10-Q “as soon as reasonably practicable after completion of the audit with full approval of its auditing firm and legal counsel.”

To view the full press release, visit http://nnw.fm/4fguU

About Agritek Holdings, Inc.

Agritek Holdings, Inc., is a fully integrated, active investor and operator in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its diversified portfolio of cannabis related holdings. Currently, the Company is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. presently owns or manages property in Colorado, Washington State, Puerto Rico and Canada and has licenses with permitted facilities in California approved for cultivation as well as manufacturing capabilities. The company owns several Hemp and cannabis brands for distribution including “Hemp Pops”, Hemp oil wellness products and “California Premiums”. Agritek Holdings, Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act, nor does it intend to do so in the future. For more information, visit the company’s website at www.AgritekHoldings.com

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]