Agritek Holdings, Inc. completed the acquisition of Full Spectrum Biosciences Inc. for $0.16 million.
March 18, 2020
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Agritek Holdings, Inc. (OTCPK:AGTK) entered into a definitive agreement to acquire Full Spectrum Biosciences Inc. on March 10, 2020. The transaction is structured as an all equity transaction. Post acquisition, Full Spectrum will be a wholly owned subsidiary of Agritek. Agritek and Full Spectrum including their Board of Directors have voted on behalf of the acquisition which is expected to close by March 31, 2020, subject to the final execution of definitive agreements.
Agritek Holdings, Inc. (OTCPK:AGTK) completed the acquisition of Full Spectrum Biosciences Inc. for $0.16 million on March 19, 2020. As part of the transaction Agritek has acquired intellectual property assets, Colorado hemp license renewal, proprietary formulations, and brands.
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.
AGRITEK HOLDINGS, INC. 
