Agritek Holdings, Inc. Announces Consolidation Of Over $500,000 In Convertible Notes And Debt By Institutional Investor Of The Company
AGRITEK HOLDINGS INC (AGTK)
NASDAQ:AMEX Investor Relations:
ir.agritekholdings.com
Company Research
Source: GlobeNewswire
--Company To Complete OTCQB Listing and Register $5,000,000 Equity Line Financing Agreement LOS ANGELES, CA, March 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agritek Holdings, Inc. (AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor and white label provider for popular hemp brands, announced today that the Company’s Institutional accredited investor, Oasis Capital (“Oasis”), has executed an agreement to acquire all outstanding convertible notes, in excess of $500,000 with PowerUp Lending Group of Great Neck, New York. The first payment of $100,000 has been paid by the Oasis, which will consolidate all existing convertible promissory notes, including all interest and other payments due thereon with PowerUp Lending. The initial Notes were originally issued in April, May and December of 2019, and upon full completion the Agreement with Oasis Capital, PowerUp Lending will no longer be a creditor of the company with all convertible debt held by PowerUp
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