Argitek Holdings Inc (OTCMKTS:AGTK), a vibrant real estate investor for the cannabis industry which also happens to a consultant for several cannabis brands has disclosed details regarding the company’s move to file its 10Q for the Quarter Ended March 31, 2018.The business guru has reduced liabilities by a significant margin and also given its equity infusions a major boost before the quarter end.
About the Company
The CEO of Agritek Holdings Inc B. Michael Friedman sees this 10Q as stepping stone. He believes it will help the company achieve its objective of becoming free of toxic debt, implying it will be able to proceed with its newly developed revenue streams.
Currently, the business giant has a number of equity investments in Washington State, California, Puerto Rico and Colorado. If all moves according to plan, by next month the Company’s new industrial Hemp farm in Colorado might be moving into the production phase. An official working with the company says they are going to continue selling their CBD product lines through both new distribution channels, including the e-commerce sites and retail. It is at the moment focusing on the raw isolate sales, including the sale of its alternative delivery products and CBD edibles.
Benefits associated with the company’s CBD oil products
Most of the CBD oil products pull along with a wide range of benefits, one of them being the ability to cure several ailments in the human body. The passage of time is witnessing the demand for CBD oil rise in the various parts around the globe and that may be as a result of the increased awareness about the health benefits alone.
The other announcement is that the business guru has received the approval for the production of Industrial Hemp. It was provided the license by The American Hemp Trading Company and it is worth mentioning that it is in Colorado where its eighty (80) acre farm lies.
Friedman opined, “This recent approval by the state of our Hemp farm in Colorado will allow Agritek the ability to grow its own biomass for production of its full spectrum Hemp Oil brands containing no THC now being sold in both retail locations and multiple e-commerce sites.”