Agritek Holdings, Inc. to Acquire Florida Zoned Cannabis Property and Enter Into Long-Term Lease With Licensed Operator
AGRITEK HOLDINGS INC (AGTK)
NASDAQ:AMEX Investor Relations:
ir.agritekholdings.com
Company Research
Source: GlobeNewswire
LOS ANGELES, CA, Feb. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agritek Holdings, Inc. (AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector, today announced that the Company has entered into an agreement to acquire for a sale lease back its first cannabis zoned industrial property located in Pompano Beach, Florida. The 15,000 sq. ft. building originally zoned as a licensed methadone clinic, has met initial zoning approval as the first property within the Florida municipality for licensed cultivation or manufacturing operation. Agritek Holdings will acquire the property from a Maryland based Real Estate Investment Trust now partnered with the Company for future property acquisitions within the sector. Agritek Holdings Inc., with real estate footholds in Colorado, California and Oregon, will seek to fund future real estate properties and development projects within an initial pipeline of properties for sale and leaseback as
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