On September 15, 2021, Agritek Holdings, Inc. (the “Company”) received the resignation of B. Michael Friedman from his position as Chief Executive Officer of the Company. Pursuant to that, and on September 15, 2021, the last action of the sitting Board of Directors (the “Board”) for the Company formally accepted the above resignation, and appointed Howard Cass as interim CEO of the Company. In connection with Mr. Cass’s appointment as Chief Executive Officer of the Company and Director, the Company shall enter into a Chief Executive Officer Employment Agreement (the “ CEO Agreement”) with Mr. Cass, to be dated by September 17, 2021, pursuant to which Mr. Cass will serve as Interim Chief Executive Officer. Mr. Cass’s employment is terminable by him or the Company at any time (for any reason or for no reason).
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.